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What are employee benefits?

Whatever the size of your business, you will already know what a great asset your employees are. Employee benefits are employee-based plans that provide insurance cover for your employees.

Most insurance benefits can be offered to your staff as a workplace scheme, including:

What are the benefits?

The advantages to you (the employer) of offering workplace insurance to your employees are:

  • increased staff loyalty and retention
  • becoming a preferred employer by providing a great flexible benefit that gives you the competitive edge
  • improved staff morale, by showing a caring attitude
  • can be used as an effective salary-negotiating tool, which can help to reduce pressure on salary increases
  • ensures key people are protected, which can help to minimise productivity losses
  • reduce absenteeism, as staff can access healthcare quickly (for Medical Insurance schemes)
 
 

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