"Smaller businesses face many of the same challenges as larger employers when it comes to attracting and retaining staff."
- Brett Hill - Broadstone
Broadstone has announced the launch of its new employee benefits proposition.
Elements+ aims to bring together pension, health and protection benefits from providers, chosen by Broadstone's team and available on competitive terms.
Businesses can select one, some or all of the available benefits, depending on the needs and priorities of their workforce.
The proposition has also been designed to simplify the process of choosing and managing employee benefits for start-ups and growing businesses, providing access to a ready-made selection of benefits without requiring businesses to navigate the market and choose individual providers themselves.
Broadstone says that each business is supported by one of its specialists through the set-up and launch process.
Businesses can also add Flexcel Elements, Broadstone's employee benefits platform, which brings benefits information and employee communications together in one place.
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The package launches in a competitive labour market as employees increasingly expect SMEs to offer the kinds of benefits traditionally associated with larger employers.
This is particularly true of healthcare cover, with growing demand for employer-funded health benefits, rising NHS waiting lists and pressure on primary care services.
"Smaller businesses face many of the same challenges as larger employers when it comes to attracting and retaining staff, but often lack the time and resources to put comprehensive benefits packages in place," Brett Hill, head of health & protection in Broadstone’s Employee Benefits Consulting division.
"Elements+ combines a range of quality pension, health and protection benefits, giving SMEs greater access to the support their employees increasingly expect, without the administrative burden of managing multiple providers themselves."
