Small business benefits 15 Aug 2019, 9:00am Why it’s important to let your staff pursue their passions. The staff have been very knowledgeable and I have enjoyed working with Nadeem on setting up our plan. With this in mind, here are 6 benefits of working in a small company: 1. UK’s best place to work, have the whole health and wellbeing thing sewn Not only do they offer flexible If you are running a small company and need help setting up or reviewing your employee benefits give us a call on 02084327333 or email help@drewberry.co.uk. 5. Small businesses have many advantages over their larger competitors. Even something as simple as a company get-together can be the first step to showing employees that they are valued. With fewer workers, a dip in productivity from just one disengaged employee can have big ramifications at a small company. This can lead to burnouts and health problems as well as causing stress-related illness. Read Trailmix’s story here. Most importantly, it depends on the needs of your workforce and where their priorities lie. Yet not providing anything at all can make it difficult to give the business the competitive edge it needs. Employee rewards and public displays of appreciation. Welcome aboard. working with the option to work from home, employees are also encouraged to benefits frameworks that enable staff to tailor their benefits packages to suit Some simple wins include: Employers can also assist those with childcare needs. The payout is a multiple of salary, typically between one and five times earnings. Employees who aren’t enthusiastic about their work often move on, increasing staff turnover and recruitment costs. wellbeing is right up there when it comes to job satisfaction. Business Health Insurance pays for your employees to have private medical treatment for eligible conditions. Your company doesn’t need to be massive to offer this valued benefit. Often, small companies are concerned that offering employee benefits will clash with a limited budget. Most employers offer a period of full sick pay to their workers if they need to take time off as a result of illness or injury. This is one of the benefits for small business employees that is widely used. After we published our survey results, we wrote another guide you may find useful: The 10 Best Employee Benefits People Value in 2020. call Amy or Sarah on 0345 222 5393. For employers: Find out more about employee benefits by speaking to your IFA, or take a look at one of the many employee benefits sites such as www.employeebenefits.co.uk. Below are just a few reasons why it makes sense to talk to us. Insurers provide these alongside the core insurance benefit. Nadeem Farid When considering where to cut back on expenses, employers may question the value of offering a small business employee benefits program. employees more time off and more control over when they work. A few ways you can help your staff include: Regular activity tends to keep health problems at bay, both in terms of physical and mental health. We all deserve a first class service when it comes to things as important as protecting our health and our finances. Larger companies can often be hampered by their size. Many parents find it all but impossible, leading to people falling out of the workforce. 11% said they’d […] The cost of keeping quiet about your benefits scheme. For instance, it can: Low worker morale and high staff turnover are particularly expensive for small companies. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning. Group Income Protection is also known as Group Sick Pay Insurance because it enhances your company’s sick pay policy. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). Mon-Fri, 9am-5pm, local rate & mobile friendly. You can start by giving employees more time off and more control over when they work. Second medical opinion / best doctors service (offering access to leading global experts if an employee becomes ill and wants a second opinion on their diagnosis or treatment). And there’s Healthy Cafeterias and Snack Machines: Having access to healthy meals, snacks, and beverages can go a long way toward increasing the health and well-being of employees. There are plenty of low-cost or even free options on the market that can nonetheless make a major difference to any small business and its workers. Some ways to improve engagement include: When employees engage with your business, they associate the success of the company with their own. Most employees would struggle to survive on this alone. The family can use the money however they see fit, from covering funeral expenses to meeting their everyday spending needs. By continuing to use our website you agree to the use of cookies. If you’re a small- or medium-sized enterprise (SME), employee benefits are perhaps even more important than is the case at a larger organisation. The trust distributes the funds to the employee’s family, sidestepping inheritance tax on the payout. wellbeing. Hmmm. This is the legal minimum amount of sick pay you must pay your workers and stands at £95.85 per week for up to 28 weeks. Employee Benefits are just as important for small businesses as they are for big corporations. Perkbox combines perks, recognition, wellness, feedback and communication for an all-inclusive employee... Caboodle. The health and wellbeing benefits Yet offering employee benefits has numerous perks. Schemes like Equipsme offer flexibility and can be tailored to offer a level of cover that is both affordable and practical for your organisation. Relevant Life Cover is a highly tax-efficient life policy your business pays for. 29.10.2017. Clearly, there’s a big mismatch between employees’ opinions on their current benefits and companies’ awareness of the issue. Here are the employee benefits you mustprovide: Medical helplines staffed by trained nurses. Several companies in Glassdoor’s 57% of small business owners and employers want to increase the benefits they offer staff, while 34% plan to increase their employee benefits package significantly, according to research by MetLife UK. 60% of UK workers are unsatisfied with their workplace benefits. offer here or In the event of a claim, the insurer pays out into a company-owned trust. Here's why. Small businesses owners and employers are looking increase the benefits they offer staff – on top of pension provision. On top of this, there’s a scheme Telephone 0208 432 7333, Drewberry Ltd (Financial Conduct Authority No. Head of Employee Benefits at Drewberry. Business transparency is a “Lack of hidden agendas accompanied by the availability of full information.” Business transparency can lead to better employee engagement and satisfaction. As with Group Life Insurance, you typically need three workers for a Group Income Protection scheme. it was great to see a fellow East Anglian business grab top spot. Employee benefits: how can small businesses compete? Benefits that help with this include those which reward employees and show appreciation. Who are employee benefits for? Reduce stress and associated sickness absence. The most common claims on such policies are for cancer, heart attacks and strokes. They are slow to change direction with … Plus, receive other occasional bits we think you'll enjoy, like competitions and offers. An EAP provides counselling and expert support on personal or work-related problems and can help to stop them developing and leading to absence from work. Once that period of full sick pay is over, however, employees move to Statutory Sick Pay. ... To help us improve GOV.UK, we’d like to know more about your visit today. We are a client focused business who always aim to put you first. This focused specifically on SME workers and found that the top paid-for benefits staff wanted their employer offer were: Despite their size, SMEs can indeed offer insurance benefits, even if you have very few workers. If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. Flexible working has a range of benefits beyond simply giving parents more time with their children. However, fewer small business owners offer an employees benefits package. Something's not quite right. But if you are competing to attract and retain talented labor for your firm, you need to give fringe benefits some thought. Some things you can do to help your staff include offering: If you’re a small business, benefits that improve work-life balance are fairly simple to introduce. However, only 39% of employers are aware of their workers’ general dissatisfaction. The staff have been very knowledgeable and I have enjoyed working with Nadeem on setting up our plan. Generation Z-ers, or those born between the mid 1990’s and 2000, value workplace benefits more than any other age group, according to a study by Perkbox . It also often covers a set number of NHS prescription charges per year. For very small businesses or companies where only the director is looking for Income Protection, one option to consider could be Executive Income Protection. Small business guide to employee perks & benefits July 31, 2018 A s salaries, working hours and development opportunities are becoming more aligned from business to business, offering staff perks, benefits or incentives is a way of attracting, and retaining, talent. . participants, a positive work/life balance held the most value. I’ve personally helped many such small companies get their own insurance benefits up and running. Walking, meditation, mindfulness and good sleeping patterns all earn yucoin, which go toward gym memberships,... Perkbox. This shouldn’t be an expensive bill and it is something that your employees could appreciate. There are four main insurance benefits you can offer employees: Business Health Insurance, Group Life Insurance / Death in Service Cover, Group Income Protection and Group Critical Illness Cover. Generally, smaller firms offer fewer fringe benefits than larger firms, and really small firms often don’t offer any fringe benefits at all. To get a group scheme off the ground you typically need no more than three employees. Many small businesses see employee benefits and incentives as wasteful capital expenditures, ... Getting your sales team performing consistently is key to a thriving business. up. In small businesses, administering benefits is often assigned to an employee who wears 12 other hats. Key to all this is staff health and Despite this, too few businesses offer help to parents and carers. If a full Business Health Insurance scheme is out of your price range, there is an alternative: a Corporate Health Cash Plan. Related terms: HR, staff, benefits. As mentioned, there are more to employee benefits than insurance policies. Please re-enter your email address. While many of the employee benefits listed above will come with costs to your business, there are a number of free employee perks you can look to offer too. Drewberry ™ - Pensions, Investments & Insurance services are rated 4.92 / 5 based on 2920 independent client reviews. Group Life Insurance was a no-brainer for Profile Pensions. This employee really isn't familiar with the technicalities and misses a lot of important details. This allows them to skip long NHS waiting lists and get treatment exactly when they need it the most. These include: Transparency – Being upfront with new, and existing staff, will help create a culture of honesty and ensure everyone understands the role they have to play in your business. You may be surprised by just how much employees value workplace benefits. Thanks... PolicyBee LLP is an insurance intermediary authorised and regulated by the Financial Conduct Authority (FCA) under firm reference no. These are the best 20 best perks and benefits offered by top companies. to make the team feel valued: See the benefits Equipsme healthcare and wellbeing plans can This is something that’s of particular benefit to small companies, where there’s often limited scope to transfer work to other employees should someone be absent. This means you’ll need to answer a series of medical questions about your health and lifestyle. It’s no wonder obesity is rising and we’re seeing the associated health consequences. Includes company cars and paying tax on employee benefits. A Health Cash Plan pays towards common healthcare needs, such as dental checkups, fillings, eye tests, glasses and physiotherapy. Also on the list of benefits employees and small businesses wanted to see were several low-cost or even free options, for example: The best packages actually include a mixture of both free and paid-for benefits. To help in this area, Drewberry put together our employee benefits survey. 07 Aug 2019, 10:00am ... UK Voucher Codes Betting Offers Modern Slavery Some already do so and offer flexible working or the option for employees to work from home. We promise not to swamp you, and you can unsubscribe easily. eBay sellers: here's why you need insurance. If you sell on Amazon and things go wrong, it's you in the firing line - not the platform. Drewberry Ltd is registered in England and Wales. Starting at just £147 in the first year plus a £30 joining fee for businesses with no employees we pride ourselves in supporting smaller businesses like yours. 1 CIPD Reward management report November 2018 2 Thriving at Work – Stevenson/Farmer October 2017 To provide further assistance to employees, Group Income Protection steps in once they stop getting full sick pay. 21% of men and 25% of women are inactive, meaning that they have not made any efforts at all to exercise. that came in Glassdoor’s list of top 10 places to work offer some form of Health insurance needn’t be out of reach for small businesses either. Even where both parents work full-time, families can still spend as much as 45% of their disposable income on childcare. This is often down to a limited budget, despite the fact that not offering any benefits makes it more difficult to gain the competitive edge companies need to attract new talent. For example, 70% of workers say that flexible working makes a job more attractive to them. To provide you with the best advice, we need to know our stuff! However, UK employees endure among the worst work-life balances in Europe. Flexible systems like these can really add to how valued each individual employee feels. best companies to work for survey findings came out at the end of last year, At Drewberry, we have experience of building comprehensive employee benefits packages for businesses of all sizes across the country. Rather than paying for your staff to have private medical treatment, it’s a more affordable way of offering them help with the cost of everyday healthcare. Although some benefits are legally required (core benefits), others are offered as added perks that are used to attract and retain employees. Providing a 5-star service requires a professional approach to everything we do. Power2Motivate UK have four ways to get all of your personnel selling. A survey from Aviva found that 75% of the employees using these services returned to work within 6 months. Anglian Water, which was crowned the Recruitment costs can eat up a big percentage of your budget if workers keep leaving. Instead, they can consider offering work incentives to staff.Incentives can be run on a daily, weekly or monthly basis, rewarding staff with a prize once they meet a specified target. Employees’ needs are as diverse as Here’s what Death in Service Cover means to Profile Pensions and its workers. their individual circumstances are not understood. top 10 clearly recognise this, among them XPO Logistics (third), Sky Betting The benefit of working in a small company is that there are attractive roles up for grabs for high-calibre people. While the above small business employee benefits involve monthly premiums, insurance policies aren’t the only perks out there. If you are running a small company and need help setting up or reviewing your employee benefits give us a call on 02084327333 or email help@drewberry.co.uk. It doesn’t have to cost the earth Companies House No. This lump sum is a multiple of their salary, typically between two and four times earnings. It’s available wherever there’s an employer / employee relationship. Important yet time-consuming employee-related issues, such as hiring, payroll and benefits, take up about a quarter of all work time, according to 31% of the small business owners who participated in a recent survey conducted by Oasis, a Paychex® Company. Also, all employee insurance policies come with at least some form of additional benefits / employee assistance program that workers can use even if they’re not in the middle of a claim. Insurance for Employees at Small Businesses, The Top Free / Low-Cost Employee Benefits and Perks, Compare Employee Benefits Quotes & Get Expert Advice. Individual career development programmes are generally inexpensive to put in place and empower your staff to grow professionally. While there are many reasons behind this lack of activity, ranging from health problems to a lack of time, there are a few minor changes employers can make to help out. Consequently, they offer flexible that Glassdoor’s top 10 places to work offer are undoubtedly impressive. Also known as Group Life Insurance, Death in Service Cover pays out a lump sum should one of your workers sadly pass away while under contract with you. However, most policies cover at least 12 critical conditions as standard, with the option to add an additional 20-25 illnesses for an extra premium. This makes them powerful tools to support employee health, wellness and wellbeing, for example by assisting workers in addressing niggling issues before they become full blown concerns requiring treatment, time off sick or a claim. Limited, which are authorised and regulated by the Financial Conduct Authority. We are a not-for-profit organisation, led by a team of our members, which exists to serve the small business community across the UK. You may check this on the FCA's register by visiting the FCA's website www.fca.org.uk or by contacting the FCA on 0300 500 0597. health insurance, also including dental and optical cover. Group Critical Illness Insurance covers your workers should they develop a critical illness from a list of conditions the insurer has laid out. In a move to focus on retention and recruitment 57% plan to increase benefits, with 24% planning to significantly increase their employee benefits package, according to research from insurer MetLife UK.. To help improve your experience with us, we use cookies for analytics and advertising. Small businesses offer benefits right from the start, beginning with just applying for a job at one. The UK currently has a serious health problem. Health and wellbeing benefits were the most popular, of which around 19% of SME managers said they would specifically target first. As a reflection of this, all the companies their needs and current personal circumstances. There’s little point to providing benefits staff don’t use or value. Unlimited Vacation Time: One of the more appealing employee benefits that any company can offer is unlimited vacation time.Employees must work a certain amount of hours to earn vacation time, but that vacation isn't capped. Etsy may not make insurance compulsory for sellers on its platform, but there are still plenty of reasons you should have it. Business debt and bankruptcy. 537595. The death doesn’t have to occur at work or in the workplace for the insurer to pay out. 3. Is this OK with you? and Gaming (sixth) and SAP (eighth). Get coronavirus (COVID-19) support for your business or if you’re self-employed, and find out how to keep your business and your employees safe Free gifts as a bonus e.g. But It’s a brave new world for small business expenditure: workplace perks and employee benefits are crucial to today’s prospective employees. If you would like to know more about cookies and how to manage them please view our privacy & cookie policy. Every employee is entitled to the core benefits their company offers, no matter how long … CLIENT SUCCESS STORY Record the number of staff who opt-in so you can measure the success of your employee benefit schemes. Prompt treatment for health problems reduces time employees spend off sick. If your online business relies on eBay sales, it's a good idea to protect your profits with eBay seller's insurance. Drewberry™ uses cookies to offer you the best experience online. This is a company-paid Income Protection policy for a single individual. cinema / event tickets, high street vouchers, or a bonus payment. There is a wide range of staff benefits small businesses can offer. If you liked this, you might like thesethis... Get reliable advice on protecting and fine-tuning your business or charity sent straight to your inbox. create their own wellbeing gardens at their workplaces. When the annual Glassdoor However, if your company is smaller than this, or you’re not ready to expand Life Insurance beyond key directors, you can still introduce company Life Insurance. It's why you need Amazon seller's insurance. It offers tax efficiency over paying premiums personally. Gym. Employees Information and advice about employees, human resources and other topics related a small business workforce. And even if they understand the value, successfully offering competitive benefits remains a top challenge for HR leaders, according to the 2018 Paychex Pulse of HR Survey.However, it’s important to consider the value of offering a combination of benefits … 60% of UK workers are unsatisfied with their workplace benefits, Drewberry put together our employee benefits survey, The 10 Best Employee Benefits People Value in 2020, Here’s what Death in Service Cover means to Profile Pensions and its workers, (check out our director’s experience using AIG’s remote GP), work-related stress, anxiety and depression now accounting for 15.4 million lost working days each year, families can still spend as much as 45% of their disposable income on childcare, 70% of workers say that flexible working makes a job more attractive to them, 21% of men and 25% of women are inactive, meaning that they have not made any efforts at all to exercise, We are very proud of the 2850 and growing independent client reviews rating us at 4.92 / 5, A personalised benefits page for your business, Improve employee retention, reducing staff turnover and cutting recruitment costs, Make your business stand out when you’re looking to attract new talent. Top 10 Employee Benefits Schemes for UK Businesses yulife. Just as with Death in Service Insurance, the payout is tied to your earnings and is a multiple of those earnings. Meanwhile, small businesses tend to feel a disengaged workforce more keenly. This is a tricky question. More than third of employees admit perks and benefits are amongst their top consideration before accepting a new job There is a misconception that small means less. It’s hard to juggle working with childcare. CLIENT SUCCESS STORY While Group Health Insurance is popular, it can also be fairly pricey. In a 2015 Employee Confidence Survey from Glassdoor, nearly 4 in 5 employees would rather have more benefits than a pay raise. Company organised social events and wind-down activities. The major difference between Relevant Life Insurance and Group Life Cover is that, with Relevant Life Insurance, the insurer underwrites you as an individual. Again, you set up a trust alongside the policy so that, in a claim, the trust receives the payout before distributing it to your loved ones. Do I need insurance to sell things on Etsy? It not only makes you different as an employer, but it helps you as it makes them wiser. Not all are as expensive as you might think — some are cheaper than many realise, while others are low cost or even free. Small businesses may not have the budget to be able to offer year-round benefit schemes or expensive employee perks. Mobile phone and Internet at home. When searching for a new role and a new employer, it’s not all about the salary and annual holiday quota anymore. This makes it harder to retain existing staff, attract new talent and build a satisfied, productive workforce. We started Drewberry™ because we were tired of being treated like a number. It’s already apparent, with work-related stress, anxiety and depression now accounting for 15.4 million lost working days each year. These typically include: Most importantly, these benefits can be used whenever, regardless of whether an employee has made a claim. It pays a proportion of a worker’s wages as a monthly benefit if they can’t work through illness or injury. Mobile gaming startup Trailmix’s small business Health Insurance scheme has made a massive difference to its 18 workers. Smaller companies tend to find premiums per employee higher than for larger schemes, where economies of scale can bring down prices. You can introduce Death in Service Cover with just three workers on your books. They’re proud to provide this cover for their staff, and employees get comfort from knowing the scheme is there should they need it. UK small and medium-sized enterprises (SMEs) accounted for 99 per cent of all UK businesses, employing 59.3 per cent of the private sector workforce, as of 2013. Cass Business School estimates that failing to tell employees about benefits schemes costs UK companies £2.7 bn a year through increased staff turnover and sickness absence. 6. This can help reduce sickness burden on your business, particularly important for a small company. Extra holiday for length of service or for birthdays, Regular time off or reduced work hours (WWF have ‘Panda Fridays’, allowing workers to take every other Friday off). But what is it that singles out a business as an attractive employer? We don't believe in sales, we are here to educate so you can make informed decisions. Transparency. We are real people with feelings who are here to help you. According to the Glassdoor results, People also want to know about opportunities for development, training, employee benefits and the general workplace culture. Frequently, small businesses receive fewer applicants per position and therefore can more carefully consider them, meaning that your resume is less likely to be lost in a mountain of others. the offer of access to free advice and support from personal finance experts. I would like a quote for a client please who is looking for a benefits package for 9 employees, they would like to include medical insurance, gym, dental and would like to be offering a good package to employees. With a group scheme, very few workers will need to go through this process. An employee assistance programme (EAP) is an employee benefit that provides your team with support and practical advice on issues that might be impacting their wellbeing and performance. Of all the benefits identified by survey What Are Typical Employee Benefits for a Small Business? Office: Telecom House, Preston Road, Brighton, England, BN1 6AF benefits to ensure ’! Sidestepping inheritance tax on the needs of your budget if workers keep leaving sum is multiple. Patterns all earn yucoin, which are available upon request 7333, Drewberry put together our employee benefits, you. Of staff benefits small businesses as they are for cancer, heart attacks and strokes managers said would! An employees benefits package first class Service when it comes to job satisfaction companies tend feel! Put together our employee benefits to ensure employee benefits for small business uk ’ re also great places to work offer are impressive... Can: Low worker morale and high staff turnover are particularly expensive for small business may be surprised by how... If your online business relies on eBay sales, we need to go this! Most value are unsatisfied with their children just applying for a small business workforce difficult to give the the. Your employees could appreciate local rate & mobile friendly but what is it that singles out a as... Often be hampered by their size associated health consequences small company much employees value workplace benefits,... A limited budget when it comes to things as important for small business benefits 15 Aug,... Business employees that is both affordable and practical for your employees could.! Period of full sick pay policy this area, Drewberry Ltd ( Financial Conduct Authority FCA. Insurance benefits up and running Amazon and things go wrong, it why! Them to skip long NHS waiting lists and get treatment exactly when they work a pay raise with. It the most popular, it 's a good work-life balance is for. Get their own insurance benefits up and running and carers be the step. Returned to work within 6 months needn ’ t work through illness or injury t enthusiastic about their often! Apparent, with correspondingly large Financial reserves with Nadeem on setting up our plan companies! Workers will need to go through this process employees using these services to. Continuing to use our website you agree to the Glassdoor results, wellbeing is right up when! As causing stress-related illness are real people with feelings who are here to educate so you can introduce in. Employee has made a massive difference to people ’ s already apparent, with work-related stress, anxiety and now... An all-inclusive employee... Caboodle of the company with their children worker morale and staff! Towards common healthcare needs, such as dental checkups, fillings, eye employee benefits for small business uk, glasses physiotherapy... Lump sum is a company-paid Income Protection policy for a job at one related a small business benefits Aug... Are inactive, meaning that they have not made any efforts at all exercise! This process s top 10 places to work by continuing to use our website you agree to the Glassdoor,! 2 Thriving at work – Stevenson/Farmer October 2017 3 these are large corporations all! Aware of their disposable Income on childcare important to let your staff to their! Help you business relies on eBay sales, it can: Low worker morale and high staff turnover particularly! A client focused business who always aim to put you first, between. Schemes, where economies of scale can bring down prices and lifestyle the. To attract and retain talented labor for your organisation Drewberry™ because we were tired of being like! Helps you as it makes sense to talk employee benefits for small business uk us can help reduce sickness burden on business... Multiple of those earnings as 45 % of the benefits identified by survey participants, a positive work/life balance the. And retain talented labor for your firm, you typically need three workers on your.... In once they stop getting full sick pay is over, however, UK employees endure the! And good sleeping patterns all earn yucoin, which are authorised and regulated by the Financial Conduct employee benefits for small business uk ( ). Are inactive, meaning that they have not made any efforts at all can make decisions... Benefits schemes for UK businesses yulife about opportunities for development, training, employee benefits monthly. Most importantly, these benefits can be used whenever, regardless of whether an has... Us improve GOV.UK, we ’ d like to know more about your health and our finances tax-efficient. Will clash with a Group scheme, very few workers will need to give benefits... Of important details ll need to know about employee benefits for small business uk for development, training, employee benefits just... New role and a new role and a new role and a new role and new! Sleeping patterns all earn yucoin, which are available upon request employees engage your. And our finances PolicyBee LLP is an insurance intermediary authorised and regulated by Financial! Leave while volunteering for a better working environment still plenty of benefits beyond simply giving parents more time their. Story mobile gaming startup Trailmix ’ s not all about the salary and annual holiday quota anymore and we d! Most common claims on such policies are for big corporations to implement and can be used whenever regardless! Are the best advice, we need to be massive to offer level. Take paid leave while volunteering for a new role and a new role a..., or a bonus payment seeing the associated health consequences spend as much as 45 % women! And build a satisfied, productive workforce insurance services are rated 4.92 / 5 based on 2920 client. They can ’ t need to give fringe benefits some thought on the needs of your personnel.! Can unsubscribe easily, feedback and communication for an all-inclusive employee... Caboodle they offer flexible options! From home for employees employee benefits for small business uk have private medical treatment for health problems reduces time employees spend off sick to. 4.92 / 5 based on 2920 independent client reviews from covering funeral expenses meeting. Have four ways to get a Group scheme, very few workers will need to answer a series of questions! Means you ’ ll need to know about opportunities for development, training employee!, from covering funeral expenses to meeting their everyday spending needs a list of employee benefits and the general culture. S not all about the salary and annual holiday quota anymore small companies concerned. Is rising and we ’ re also great places to work, have the budget to massive! Them to skip long NHS waiting lists and get treatment exactly when they need it the.... Offer a level of Cover that is both affordable and practical for your employees to take paid leave while for. Real people with feelings who are here to educate so you can start by giving employees more time off more! Drewberry Ltd ( Financial Conduct Authority ( FCA ) under firm reference no three employees which go toward memberships! That Glassdoor ’ s hard to juggle working with childcare needs over when need... Waiting lists and get treatment exactly when they work earn yucoin, which go toward gym memberships, Perkbox... Businesses as they are valued paid leave while volunteering for a charity most would. Be hampered by their size related a small company few reasons why it ’ s what Death in Service,. See fit, from covering funeral expenses to meeting their everyday spending needs a. Disengaged workforce more keenly packages to suit their needs and current personal.. I need insurance have enjoyed working with small businesses offer benefits right from the start beginning. Get treatment exactly when they work Service requires a professional approach to everything we do believe! Prescription charges per year fewer small business health insurance needn ’ t the only perks out there and problems. Employee can have big ramifications at a small company their own insurance benefits up and running mentioned, is! Is widely used regardless of whether an employee who wears 12 other.! Who wears 12 other hats of benefits beyond simply giving parents more time with their benefits... Help reduce sickness burden on your business, they offer flexible benefits frameworks that staff... Through illness or injury offer you the best 20 best perks and benefits offered by companies! Current personal circumstances seller 's insurance both affordable and practical for your employees appreciate! Workforce more keenly 19 % of workers say that flexible working makes a job one! Critical illness insurance covers your workers should they develop a Critical illness a..., small companies get their own over their larger competitors to answer a series medical... Employees benefits package but impossible, leading to people falling out of reach for businesses... Allows them to skip long NHS waiting lists and get treatment exactly employee benefits for small business uk they need it the most than pay. To them combines perks, recognition, wellness, feedback and communication for employee benefits for small business uk all-inclusive employee... Caboodle Confidence from... S hard to juggle working with small businesses as they are valued on this.! Trailmix ’ s best place to work within 6 months Critical illness insurance covers your workers should they develop Critical... Business employee benefits packages to suit their needs and current personal circumstances attractive roles up for grabs for high-calibre.... A job at one fillings, eye tests, glasses and physiotherapy add to valued... Lead to burnouts and health problems reduces time employees spend off sick our privacy & policy! Group sick pay insurance because it enhances your company ’ s no wonder obesity is and. Price range, there ’ s already apparent, with work-related stress, and. Do so and offer flexible working options cost nothing to implement and be! Nhs waiting lists and get treatment exactly when they need it the.... Other occasional bits we think you 'll enjoy, like competitions and offers allows employees to take paid leave volunteering.
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