Benefits are the elements you provide to your employees in addition to their basic pay, eg. a pension, shares and incentives, flexible benefits, or total reward. We can work with you to assist in the communication of any or all of these elements – making sure your employees really understand and value their package.
Our services:
Pensions
We are one of the few leading consultancies that truly understand the current pension environment. Whether it's assistance with ongoing communication, the closure of an existing DB scheme, the introduction of a DC, career average revalued earnings (CARE) or cash balance scheme (a mix of DB and DC), or encouraging a higher level of employee participation, we can help.
Reward change
We have successfully worked with numerous organisations to communicate all areas of reward to their employees. We aim to assist in attracting and retaining the best people by ensuring employees fully understand the employment deal they get in exchange for their contribution.
Our role can include researching, planning, designing, writing and testing a complete suite of materials; or it can be simply drafting a booklet or an article for a staff newsletter.
Total reward
Total reward encompasses anything from immediate benefits – such as basic salary, bonuses and car allowances – to deferred benefits – such as pension, life assurance and medical cover.
The total employment deal can be best illustrated through a total reward statement (TRS) to create greater understanding and appreciation of real benefit value. In addition, the TRS clearly demonstrates how to achieve maximum personal gain and encourage employees to plan financially. They are one of the most effective ways of promoting your organisation's reputation as a considerate and high-value employer.
Shares and incentives
Buck Consultants has developed an enviable reputation for designing and implementing a wide variety of employee and executive share incentive plans. We can advise you on the implementation and operation of all types of plan – approved and unapproved, real and phantom, UK and global. Our services cover plan design, documentation (including trust deeds and rules), all forms of employee communication, and advice on plan administration.
Flexible benefits
We are a leading provider of flexible benefits (flex) communication.
We offer:
- Assistance in developing plan design
- Advice on suitable administration providers
- Advice on employee terms and conditions
- Brand identity development
- Design and literature production
- Advice, guidance and training for all key stakeholders
- Comprehensive project management services
- Research and measurement
Benefits communication case study:
Case study F - researching, designing and communicating effective reward programmes