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Employer News - Why even SME’s can offer an impressive suite of employee benefits thanks to group risk

A small bespoke software software firm based in Oxfordshire is proof that you don’t have to be a large employer to offer an excellent employee benefits package for staff.

Adactus Ltd already offered pension and childcare vouchers to its 28 employees. The company wanted to offer a more attractive and varied benefits package that would give it a competitive edge in terms of recruitment and retention, and are now expanding their benefits package with group risk products.

Employee feedback

The range of benefits selected was chosen by the management based on feedback from their employee survey to ensure it would be attractive to their employees.

Central to the new benefits offering are group risk benefits – life assurance and income protection. These are funded by Adactus Ltd, and are mandatory benefits, which employees can’t choose to opt out of – as Adactus Ltd believes them to be of critical value to both the company and its staff, with the financial, practical and emotional support they provide.

The group risk products particularly appealed due to the inherent added-value services. These include early intervention services from day one of absence when someone is ill, an employee assistance programme and second medical opinion service – all are provided within the group income protection cover. There is also a range of business support offered to Adactus Ltd itself. Bereavement counselling and a probate helpline are provided via the life assurance cover.

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