Benefit adminstration and communication

As if human resource (HR) management isn't difficult enough already, auto enrolment is about to add significantly to the burden. You've heard of the straw that broke the camels back?

In addition to these responsibilities, there's the compulsory employer pension contribution to add to your costs. If you plan ahead, there are ways to minimise the financial impact of the new regulations. That might involve adjusting pay by 'salary sacrifice' or maybe limiting earnings growth over time. Maybe you'll want to add compulsory or voluntary benefits to add 'value' and 'appeal' to the overall package at lower cost.

Whatever you do, HR administration will only get more complex. Furthermore, you'll want to make sure that employees can tune in to the TOTAL value of their benefits so that they can see very clearly, everything that you're doing for them.

Let systems take the strain

For large companies, in house HR teams use dedicated benefit administration software to lighten the load. For small and medium enterprises however, these systems have always been too costly. Large implementation and associated consultancy fees have made system acquistion unattractive.

Grove Corporate Pensions can provide a solution. You can have full HR administration and communication functionality for a low set up fee and competitive ongoing charges. Click here for further details, or get in touch to discuss your particular needs.

 

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