Investment - Articles - SMEs not achieving maximum return on investment


Quantum Advisory, the leading independent financial services consultancy, has said that whilst more small to medium sized employers (SMEs) are now investing in quality benefits packages, many are not achieving their true potential in terms of return on investment.

 Richard Beddall, Senior Benefits Consultant at Quantum Advisory, said: “One of the main challenges for smaller businesses is understanding the hidden costs of recruitment – and therefore resource deficits. An attractive benefits strategy that has been specifically tailored to resonate with your employees is vital in the constant battle to attract and retain quality staff. The recent uplift in SMEs seeking to implement quality flexible benefits packages is encouraging and the first step towards levelling the playing field with larger employers. However, it is still too often approached as a one-off annual exercise, rather than an ongoing opportunity for engagement.

 “Companies should be reviewing and updating the available benefits on a far more regular basis to meet the increasingly varied needs of today’s diverse and multi-generational workforce. Any reward strategy should have a unique brand within the organisation too, so that it can be immediately recognisable from day to day business communications. Ultimately, the way forward is to adopt an all-inclusive engagement strategy. This is vital if organisations are to get the most out of their investment and maintain competitive edge against their peers for the long-term.”
  

Back to Index


Similar News to this Story

FCA and PRA cut senior manager regime red tape
In the first phase of reforms to the Senior Manager Certification Regime (SM&CR), the Financial Conduct Authority (FCA) and Prudential Regulation Auth
Captive insurance regime must be globally competitive
Marsh has welcomed the UK government’s announcement that it will facilitate the creation of a UK regime for captive insurance companies, enhancing the
Wealth taxes back in the spotlight
Wealth taxes are back in the spotlight, as a potential solution to the gap in the government’s finances. Over the weekend, the Transport Secretary qua

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.