The world of work has shifted from a culture of flat paternalistic benefits to today's more personalised and individual approach to employee benefits and reward. As the generations in each workplace widen it is important to make sure that your benefit structures remain relevant.
Join other HR professionals next month to explore the variety of benefits employers can offer and discover what to consider when implementing or reviewing employee benefits as part of your reward strategy.
Outcomes:
- Appreciate how benefit plans are designed and reviewed
- Understand how benefit plans are financed and taxed
- Understand the different types of pension schemes
- Ensuring you make benefit communications effective
- Gain confidence in in budgeting for benefits
- Influence benefit strategy
Pre-Coursework
Participants will be required to familiarise themselves with their existing employee benefits and consider what works well and where improvement can/should be made. These can be reviewed during the event to help learn and see where and how key changes can be made.
Course Content - Day 1 Tuesday 14 November (09.30-12.30): Benefit Design and Content
- Understand the design and basics of core benefit plans, including risk benefits (medical, life, income protection)
- How these benefits may help and be part of your health and wellbeing program.
- Voluntary benefit plans and how these can add value
- Salary sacrifice schemes, changes in legislation and Optimal Remuneration Arrangements (OpRA)
- Pensions, key points, contribution structures, investments and retirement options
Course Content - Day 2 Tuesday 21 November (09.30-12.30): Benefit Communication
- Effective communication of benefits
- Consider how benefits communication can be enhanced by the use of total reward statements and interactive flexible benefits platforms
- Financial education in the workplace
- Gain insight into the use of employee data, including age, gender and similar demographic data to inform benefit communications practice
- Review the contribution which can be made by third party providers
Post-Course Actions
At the end of the day participants will be provided with copy learning materials /slides and be asked to make a note for themselves of their top five key learning points and top two actions/changes needed to improve their own employee benefits package, from the business and employees' viewpoint.
For more information get in touch with Sarah Gleadell on learning@cambridgenetwork.co.uk or 01223 760108
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