Give your business the competitive edge

Developing a strong employee benefits package can make your business more attractive to potential new recruits and give you a cost effective edge over your rivals. Introducing a benefit such as company medical insurance can prove massively beneficial.

By Richard Holden, Chase Templeton

Further to this, company medical insurance is a highly valued benefit. Last summer HR Magazine reported that 50 per cent of employees would find company medical insurance “personally valuable” – 9 per cent more than said the same for occupational or workplace pensions.

Finally, with the assistance of specialist and impartial advice, businesses of all sizes can take advantage of, policies specifically designed for SMEs. A good adviser can help you design a bespoke scheme. For example, you may wish to offer more comprehensive medical insurance to your more senior employees and secure high loyalty and low absence rates with a cash plan for your more junior people. As business in Lancashire becomes more competitive it’s more important than ever for you to consider how attractive your benefits package is to new recruits.