Strategic Employee Benefits Planning for Your Business
Planning financial benefits for employees has far-reaching implications for staff recruitment, retention, and overall satisfaction, which in turn can have a direct impact on your company’s profitability and long-term success.
As specialist financial advisers for employers, Thornton Enterprises Limited helps you evaluate and design the most effective benefits packages, tailored to both your employees’ needs and your business objectives.
Private Medical Insurance
Private medical insurance allows you to support your employees when they need it most. It is a key element of recruitment and retention strategies, helping attract and retain the right talent. Coverage can be arranged for all staff through group schemes, or individually for selected employees. It complements the services provided by the UK’s National Health Service (NHS) and can also be structured for employees who travel internationally on business. Key benefits include:
Shorter waiting times for consultations and treatments
Quicker diagnosis and access to specialist care
Better facilities, such as private rooms
Access to specialist drugs and treatments that may not be available on the NHS or affordable to pay for directly
Dental Insurance
Dental coverage helps employees manage the costs of private dental care. As a fast-growing component of employee benefits, it provides tangible value and demonstrates your commitment to staff welfare. Thornton Enterprises Limited can help you tailor dental plans to suit your workforce and budget.
Group Life Cover
A group life insurance policy enables employers to provide a tax-free lump sum to an employee’s family in the event of their death during employment. It is cost-effective, easy to set up, and highly valued by staff, enhancing recruitment and retention. Group life cover typically applies to all employees and is often calculated as a multiple of the individual’s salary, showing genuine care for staff welfare while encouraging loyalty.
Group Critical Illness Cover
The diagnosis of a serious illness, such as cancer or heart disease, can be life-changing. Group critical illness cover provides employees with a tax-free lump sum pay-out upon diagnosis, helping alleviate the financial burden of serious illness and offering both emotional and financial support during challenging times.
Group Income Protection Insurance
Income protection insurance ensures a replacement income for employees who are absent from work due to long-term illness or injury. In addition to financial support, these plans may provide access to rehabilitation services designed to help employees return to work as early as possible. Typically, available products provide between 50% and 75% of an individual’s salary for a defined period.
At Thornton Enterprises Limited, we believe that employees should fully understand and appreciate the benefits you provide. We can deliver on-site employee presentations and briefings, helping your staff recognise the value of their benefits and enhancing engagement, loyalty, and overall satisfaction.