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

Aviva announces 95m bulk annuity deal with the BBA
Aviva hs announced it has completed a £95million bulk purchase annuity transaction with LawDeb Pension Trustees, Sole Corporate Trustee of the British
First place in the British Isles to release from lockdown
The financial services sector in the specialist global jurisdiction of Guernsey is preparing to come out of Covid-19 lockdown at the end of the week.
Royal London announce the sale of Ascentric
Royal London announces the sale of its platform business, Ascentric, to M&G plc (M&G). The sale follows the completion of Ascentric’s re-platforming i

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


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