Employee Benefit Consulting
Why use Parsonage for employee benefits?
In the midst of a competitive economy, and following a tough recession, we appreciate employers have to carefully manage their budgets. Any investment in staff benefits has to produce results.
The right employee benefits can help you attract, motivate and retain the best people. This is especially important as the unemployment rate dropped to 3.8% in 2019, a 44-year low. It means the UK is now at its “natural rate” of unemployment, according to forecasts from the Bank of England.
We know how complex and time-consuming employee benefits can be to administer, especially if your business doesn’t have a dedicated HR team.
We’re specialists at providing employee benefits for start-up and small and medium sized businesses. We can help you, no matter your size – a low headcount isn’t a barrier. We provide benefits for businesses of two or more. After all, being a SME can give you an advantage over large employers - you have freedom and flexibility over what you can offer. You’ll be closer to your staff and in a better place to know the right options for your people.f
And our research arm facilitates you to engaging directly with your people to test out what options they would value most. This will ensure the effectiveness of your offering.
We can help you with a wide benefits package, or just one benefit. Whatever works best for you and your business. Get in touch to have a chat about how we can help.
Employee Benefits
Death in Service
Death in service is a form of benefit that’s provided by an employer for an employee. Eligible members receive a tax-free lump sum of cash if they die whilst employed (not whilst at work).
Group Critical Illness
Group critical illness cover pays a tax-free lump sum directly to an employee should they, their spouse or partner (if covered) or child, suffer a covered illness.
Group Private Medical
Group private medical insurance members gain access to the many benefits of private healthcare services, facilities and professionals. Group insurance is an allowable business expense so your company will receive tax relief on the premiums.
Group Income Protection
Group income protection provides a financial benefit and rehabilitation support if an employee is unable to work because of long-term illness or injury.