Recruiting, motivating and retaining able staff is a key preoccupation of many businesses, getting the rewards mix right is an important ingredient in successfully managing such staff. Remuneration menus made up of pensions, life insurance, tax efficient bonuses and benefits are common in well-managed businesses but they require careful planning and selection depending on the type of business and the type of staff who are involved. What motivates and retains staff at an Internet start up business or a bio-science research operation may require a different balance than at a manufacturing business with a substantial production line workforce.
If staff are the keys to successful businesses then well founded and managed reward strategies are vital. Taking the right advice early on means that the right moves can be made without having to make them as the business goes along, the result should be contented and efficient staff who are confident that they are getting the best deal for their time and their labour.
Are you considering implementing benefits for your staff, for example private healthcare? We offer advice to clients in this area and help design a benefit package around your business and your circumstances.
We also help senior management, directors and business owners with more specialise and bespoke financial planning needs, we specialise in helping business owners buy premises for their business to trade from within their pension funds using SIPP and SASS schemes.
JonSimon Financial Advice Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.
Find out what we can do to help you with your finances. Get in touch with us today!