Scheme administration by myteam

It's generally accepted that the introduction of Total Reward Statements and Flexible Benefits in to the workplace brings value to all those associated with it. Certainly many processes become more streamlined and HR resources can find that they are "freed up" from previous cumbersome duties now that there is an on-line provision in place.

However, the system can only be as good as clients allow it to be. Employee records must be regularly updated and, certainly in the case of flecible benefits, payroll and providers must be communicated with on a regular basis. Nothing can undermine the provision of a new service more than showing incorrect or out of date information on the system. To enable clients to apply the "freed up" resource to other areas of HR business the myteam can offer an administration outsource facility to streamline the updates to the system.  

Let us take care of the paperwork

myteam have in excess of 10 years experience with regard to flexible benefits administration - working with government bodies, banking and financial institutions, construction, pharmaceutical organisations. So your data and our processes/experience go together to make a winning combination.

Having introduced flecible benefits it is important that existing staff, new joiners, leavers and those employess experiencing a "qualifying lifestyle event" (eg: marriage, divorce, having a baby etc) are administered in an efficient manner that instills confidence in the system and your organisation

Using a simple monthly feed from thr client myteam can:

-Process new joiners

-Process Leavers

-Liaise with employees who are experiencing a "Qualifying Lifesytle Event"

-Process all monthly provider interfaces

-Process payroll reports

-Fully reconcile all reports

-Provide detailed statistical feedback interms of the "myteam" performance each month

-Deal with bulk processing eg: open enrolment each year and any mergers/acquisitions

Should you decide that you'd like us to take care of the administration of your scheme, your employees will have access to our helpline and e-mail facility. Each client who has outsourced their administration to myteam is provided with their own helpline telephone number and dedicated e-mail account. All employee, provider and payroll enquiries relating to flexible benefits can be handled by us, leaving HR to focus on other issues