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Services we provide

your employees are protected

 

We tailor your staff benefits programme to suit your business using a consultative process that is explained overleaf. Our dedicated account managers work closely with you to create, deliver and administer tailored programmes that ensure your staff enjoy the rewards they receive for their contribution, promoting loyalty, good attendance and hard work.

Your programme will offer a full range of best-of-breed products that are carefully selected from our chosen suppliers, eliminating any risk to you. If you have any specific or unusual requests, we’ll research the market and identify the optimum solution and supplier. Your staff benefits programme can include the following elements:

Group retirement

Pensions are likely to be the most expensive item on the benefits checklist, after salary. Obsidian will assist you to select the most suitable type of scheme for your requirements and research the market to find the best provider for the scheme. Clients increasingly have a legacy of schemes accumulated over years, sometimes as a result of company acquisition. We can help streamline these arrangements into one and provide the necessary resource to communicate such changes to staff.

Obsidian can assist with the liability problems associated with Final Salary arrangements and find solutions to problems associated with Trusteeship, whether in Final Salary or Money Purchase schemes.

Auto-Enrolment

Whether or not you agree with it, Pension Auto-Enrolment is coming and will directly impact your company’s profitability. By the end of 2018* all businesses will be required to contribute 3% of salary to a workplace pension arrangement on behalf of their employees. Just as likely to impact your business are the administration and reporting requirements of managing Auto-Enrolment for your business. The Pension Regulator has stated that it will enforce non-compliance with the new legislation robustly and that ignorance of the obligations will not be an acceptable excuse.

Obsidian employment benefits has the expertise and tools to quantify the risk of Auto-Enrolment to your business and provide solutions to run and manage your Auto-Enrolment proposition. More than this Obsidian Employee Benefits can work with you and your colleagues to maximise engagement and Return on Investment for your investment in your staff – Auto-Enrolment is an imminent and unavoidable cost to your business – Obsidian Employee Benefits can turn it to your advantage by promoting it as an excellent benefit to your staff?

Healthcare

Maintaining good health is not only vital – it is a key part of Government policy. An effective and competitive healthcare scheme should be at the centre of your benefits programme, both for the wellbeing of your employees and to help attract and retain the best talent. Out healthcare consultants are experienced with the changing marketplace from both a need and supply perspective.

Absence Management

Absenteeism costs UK business a staggering £13.4 billion per year**. Obsidian’s experts have a proven track record in analysing and understanding the drivers behind absenteeism, we provide the tools to help our clients reduce working days lost through effective but sensitive absence management programmes.

Flexible Benefit Solution

These allow employees to tailor the benefits offered to a package most relevant to their specific needs, within a budget decided by the company. Obsidian has the capability to offer schemes online for smaller companies for whom such schemes would not normally be economically viable. This streamlines the scheme, providing optimum return on investment and simplifying communication and administration.

Risk Benefits

Security and peace of mind play a crucial role in retaining and attracting good staff. We work with the best insurers to secure the most rewarding and cost effective deals for death in service, income protection and critical illness cover.
*Some businesses will be affected earlier than this date. **Confederation of British Industry figure, 2007

Salary Exchange

Additional benefits can be offered to staff at no cost to the company but at a reduced, favourable rate to the employee - representing a true benefit to both. Salary Exchange or Salary Sacrifice can be used to maximise tax efficiency on pension contributions or to offer tax efficient provision of motivational benefits such as childcare, bicycles for work, bus travel and mobile phones.

Making use of Technology

As an integral part of your staff benefits scheme, employees can enjoy 24/7, password-controlled online access to their package. To include a summary screen and details of their benefits as well as human resources information such as holidays and career development. This facility can be hosted by Obsidian and will carry your company branding.

Obsidian Employee Benefits Ltd is an appointed representative of Obsidian Financial Limited which is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 745269 http://www.fca.org.uk/register.

Obsidian Employee Benefits Limited Registered Address: Obsidian House, Hints Road, Mile Oak, Tamworth, B78 3PQ. Registered in England & Wales, No. 10028540.

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