PIB is at the forefront of delivering innovative products and services across the whole spectrum of employee benefits. We believe there are many factors in an organisation’s employment proposition and what makes them attractive depends on the employees’ own circumstances and how they are perceived.
We therefore adopt an approach of supporting organisations across all areas of financial and non-financial rewards that meet the needs of the business and its employees.
A pension is money you will use to live on when you retire. Most people get a state pension from the government which covers your basic needs but it is also a good idea to invest money in a pension fund in order to provide a secure retirement.
Group Risk & Healthcare
Risk and healthcare includes benefits such as: Group Life Assurance, Group Income Protection, Group Critical Illness cover, Private Medical Insurance, Health Cash Plans and Dental cover.
Many organisations already take steps to protect their business against major catastrophes, however, research shows that few business owners give enough thought to protecting against loss of their most important business assets that is, themselves and their key employees.
Taxation & Salary Sacrifice
Certain employee benefits attract preferential tax treatment; these include benefits such as pensions, cycle to work and child care. Under salary sacrifice arrangements an employee gives up part of their salary and, in exchange, the employer agrees to provide a benefit.
Online & Voluntary Benefits
It is becoming increasingly common for employers to offer access to a suite of voluntary benefits. Employers can utilise their buying power to secure deals that are simply not available to individuals and can include benefits such as discounted gym membership and retail discounts.
Communication & Engagement
The continuous changes in legislation mean that now more than ever companies need to be aware of and meet their statutory duties. At the same time, however, companies should make sure they receive a return on their investment.