Whilst today’s employee may be more aware of their complete remuneration package, there is still boardroom debate as to the value of a comprehensive benefits programme
The success of a benefits package is linked not only to the individual benefits within it, but to the planning, implementation and communication of the entire programme. Successfully undertake these tasks and your benefits offering is more likely to be a hit, cost effectively achieving understanding, appreciation, and sustained engagement.
Online benefits
myreward from the Jelf Group is an online benefit management and communication platform which enables you to manage your employee benefit offering with ease. It gives you the ability to effectively manage your employee benefits whilst reducing administrative strain. It also gives your HR team access to detailed management information to aid budgetary planning and the management of people-related risk.
Flexible benefits
myreward provides employees with the opportunity to tailor their benefits package to suit their own lifestyle. Furthermore the myreward team will provide you with the information necessary to choose the right benefits for your employees and will then source and negotiate them for you as part of the process.
Through myreward, employers can also enhance the overall package by adding modules such as voluntary benefits.
Voluntary benefits
myshopping offers your staff access to the most comprehensive voluntary benefits website in the UK. The site provides a mixture of savings, discounts and cash back awards from hundreds of retailers. And because it’s part of myreward, your employees can see how much they’re saving via their Total Reward Statement. As well as discounted shopping we can source other voluntary benefits such as a “bikes for work” scheme and childcare vouchers.
Total reward statements (TRS)
TRS are an effective means of communicating the real value of an individual’s complete benefits package. The statement clearly shows the monetary value of each benefit alongside salary, demonstrating your investment in each employee.
TRS are available via the myreward platform but if an online solution is not for you then they can be easily delivered in hard copy (see the Virgin Holidays paper TRS opposite).
Employee opinion surveys
Employee opinion surveys are a vital component of any HR professional’s toolkit. Conducted via myreward and managed by our administration team, they can provide you with compelling and meaningful insights to enable you to put together the most effective benefits package for your company.
Administration services
Nothing can undermine the provision of a new scheme more than incorrect or out-of-date information. Employee records must be regularly updated and, certainly in the case of flexible benefits, payroll and providers must be communicated with on a regular basis.
We can offer an outsourced administration facility to streamline myreward updates, lightening the load of this time-consuming responsibility.
Communication
Communicating benefits is an essential part of the service we offer. For your benefits package to be a hit, your staff need to be aware of it right from the start. As you can see from some of the examples on the right, we have extensive experience in delivering high quality paperbased launch campaigns using posters, desk drops or in-payslip communications. We can also deliver launch roadshows to groups of employees should this be more appropriate
Click here to view the full brochure
“Jelf’s experience and expertise in the field of benefits provided us with unstinting help and support in what can be a maze of information and detail.
As a consequence we have put in place an improved benefits package which is not only market competitive but provides return on investment through employee satisfaction.”
Elizabeth Thynne
TT International