In the race for success, organisations compete not only for market share, but also for talented people. Offering attractive benefits is key in winning this competition. Managing the benefit spend is also a factor that organisations need to consider. Balancing these elements is no easy task and, in fact, highlights the need for specialised assistance in delivering the most effective and efficient employee benefits programme.
The UK Willis Employee Benefits team is part of the Willis Global Employee Benefits Practice, headquartered in New York City, the practice spans 110 countries. We believe our greatest differentiator is our ability to provide the most effective global solutions through local expertise.
Key Benefits
- Pension Consulting
- Death Benefits
- Disability Benefits
- Healthcare Benefits
- Flexible Benefits / Total Reward
- Voluntary Benefits
- Employee Communication
- HR and Reward consulting
Pension Consulting
We provide full pension consulting services including scheme management and reviews, and we assist in developing leading pension programmes. Our services include:
- Analysis of business needs
- Recommending changes to align to business needs
- Managing change & scheme implementation
- Trustee guidance & management
- Scheme governance & account management
- Legislative updates
Group Risk & Healthcare Consulting
We provide advice on the design, implementation and administration of insured and non insured programmes , including:
- Death Benefits
- Healthcare Benefits
- Disability Benefits
- Employee Risk Management
- Claims Management
- Occupational Health
Our services include:
Appraisal and redesign of programmes to ensure compatibility with your aims, local legislation and market practice
- Market reviews to ensure competitive terms
- Full administration, including claims mediation, documentation and accounts
Employee Benefits Due Diligence
We provide specialist advice for organisations involved in or considering a merger or acquisition.
- A benefits review prior to agreement of a transactionwist@willis.com
- Highlighting potential risks and liabilities for further investigation
- Rationalisation of benefits programmes after conclusion of a transaction
Business Risk
Business can become highly exposed in the event of the loss of a key director, employee or shareholder. We provide expert advice and can negotiate savings on key person cover, together with shareholder and partner loan protection.
Multinational Co-ordination
Companies with operations in different countries may benefit from risk pooling rather than insuring on a country-by-country basis. We can provide advice and active management of such arrangements to maximise potential savings. We have the resources required to advise on international issues
- Overseas secondees or foreign nationals working in the UK
- Co-ordination of international benefit programmes
- Guidance on benefits legislation
Employee Communications
Effective communications are vital if employees are to understand and appreciate benefits. We can provide:
- Comprehensive communications programmes that are easily understood via email, paper, intranet and one-to-one meetings
- Regular workplace seminars, whether on-site or multi-site throughout the UK
Administration
We help reduce your daily administration burden by:
- Implementing the latest technology
- Providing advice on whether bundled (provided by the insurer) or unbundled (provided by a specialist administrator) arrangements are more suitable for present-day requirements
- Proactively managing the implementation and ongoing service elements of outsource solutions
- Proactively supporting human resources and finance departments by ensuring information and documentation are accurate and timely
Creating a Strategy
Our strategy for improving your EB programme focuses on four key areas:
- Gaining an understanding of your requirements and your employee benefits goals
- Ensuring that the structure of your benefits programme meets the needs of your business by reviewing all existing arrangements
- Implementing a clear strategy for renewal and where appropriate, reviewing your group risk benefits programme
- Working with you on communications to ensure that your employees understand value and appreciate their benefits
Our Approach
Our approach is simple. We work in partnership with you to deliver a value proposition which helps you:
- Maximise the value from your benefit spend
- Reduce your HR work load
- Increase employee awareness and understanding of their benefits
As part of the world’s largest employee benefit practice we have extensive experience and expertise across all employee benefit arrangements and deliver innovative, effective and cost-efficient solutions through
- Fully understanding your corporate objectives and strategy
- Developing a long-term relationship and strategy with you aligned to your corporate objectives
- Complementing your HR team providing guidance on various issues including changes in market practice and legislation
- Helping you communicate with your employees
- Reviewing and appraising existing arrangements
- Providing access to quality, experienced staff
- Working in partnership with you to ensure your goals are our goals
Willis Remuneration
Willis follows a policy of total transparency regarding all facets of our remuneration
Next Steps
We welcome the opportunity to speak to you further.
At Willis we deliver!