How do I recruit, retain and reward our employees?

Demographics in the UK are changing. There is a growing concern that as people reach retirement age there will be insufficient `young blood’ to replace them.

Business owners will be competing in a smaller pool for the people with the skills and talents that businesses require. Some skills and talents will be more difficult to replace than others.

How will your business attract new people?

Apart from interesting work and meaningful activity, prospective employers will be looking at the benefits on offer. No longer is recruitment a one way street in the direction of the potential employee.

How will your business differentiate itself as an employer from all the other employers?

A flexible benefits package is a necessity in today’s working environment if the right people are to be attracted.

Not so long ago, generous pension entitlement seemed to be the main concern, but employees are more discerning today and need to have a range of benefits which dovetail with their financial circumstances and family needs.

Of course, as the employer, any benefit package must be affordable and realistic and this is where business financial planning will help. As financial planners, we will spend as long as it takes to understand your business and its needs before we offer a solution. We prefer to work with people rather than for them and this entails building up trust and good business relationships. We are happy to work with your accountant to arrive at a sensible outcome which meets the needs of your business and your employees and directors.

The ways in which we can help you and your employees are varied but here are a few ways which may be attractive:

Formulating a robust and affordable retirement solution, either on a group or individual basis
Constructing tailor made pension plans for the directors
Developing a menu of financial services from which employees may pick and mix to suit their circumstances
Offering general and specific financial advice to staff members
Offering a staff helpline for financial matters

The way in which we are paid for our services will usually be by way of fees as we believe this method to be the most beneficial for the client and as such this eliminates product bias. A full menu of costs and services will be available during a first meeting.

As Henry Ford once said:
"Coming together is a start, staying together is progress and working together is success."

We hope we can work together for your success.