Employers

How can employers make cost savings without cutting employee wellbeing?

Ways to respond to COVID-19 now

Times have changed

How will you respond?

Whatever your plans were for 2020, no doubt your priorities have changed. Overnight, the COVID-19 pandemic has shifted employers’ efforts from their original objectives to focus on survival.

Although we don’t yet know the long-term impacts of the pandemic, or how the government’s response will impact on business, the economy and our personal liberties, we do know:

  • What actions you can take to lower your costs now.
  • How to keep employee-related costs sustainable for the long term.
  • How to give you back your time with simple solutions to complex challenges.
  • That we can help your organisation achieve these things without making cuts to your employee benefits that harm your reputation and employee wellbeing.

Whatever the future has in store, we can help you focus on the things you can control, change and improve today so you can face tomorrow with greater confidence.

As the lockdown begins to ease, it’s time to begin making the decisions needed to ensure your business can survive in the post pandemic environment. There will be challenges ahead; let’s help get your organisation fighting fit.

The time is now

With over 15,000 customers and a decade of experience behind us, Creative can ensure you are operating with the greatest financial efficiency and the best possible employee care.

COVID-safe
service delivery

Virtual
meetings

Telephone
helpdesk

Remote
employee support

We specialise in making the complex simple and providing attainable solutions for employers of all kinds. Whatever your circumstances, our solutions and technology allow us to provide services with minimal disruption, minimal impact on your professional time and all fulfilled in a COVID-safe way.

Creative can lower your costs

Legislation and employer duties are complex and ever-increasing. Many employers resort to paying expensive third-party consultants for services, including auto enrolment; compliance; group risk and healthcare insurance consulting; pension governance; benefits management and employee care.

Creative can:

  • Help your organisation recover from the economic impacts of COVID-19
  • Significantly reduce consulting costs in almost all circumstances
  • Provide all these services with our in-house experts
  • Coordinate service delivery in a sustainable way so you can budget for the future

How?

Creative is an altogether different kind of financial services organisation. We’re not just financial advisers and corporate consultants – we’re also a provider of financial products too. This gives us the flexibility to recommend the best solutions in the market to our customers or to create a solution if the right one doesn’t exist.

We bring the full spectrum of financial expertise together in one place, offering the experience, professionalism and accountability needed to simplify the complex and solve your challenges.

With Creative, you don’t have to choose between the costly expertise of a financial adviser or employee benefits consultant and the value for money you get from dealing with a provider directly – you can have both. We can show you how to make your money go further – no compromises necessary.

Example

  • £15,000 per annum saving on Workplace Pension and Governance Services
  • Manufacturer
  • 500 employees

Creative makes Salary Exchange a cinch

Legislation and employer duties are complex and ever-increasing. Many employers resort to paying expensive third-party consultants for services, including auto enrolment; compliance; group risk and healthcare insurance consulting; pension governance; benefits management and employee care.

Creative can:

  • Help your organisation recover from the economic impacts of COVID-19
  • Significantly reduce consulting costs in almost all circumstances
  • Provide all these services with our in-house experts
  • Coordinate service delivery in a sustainable way so you can budget for the future.

How?

Employers pay less Employer National Insurance Contributions as a result of agreeing a reduced salary with each employee. This saving can be used to reduce the overall cost of managing the Workplace Pension or it can be used as an additional incentive to employees, boosting their contributions.

By giving up an amount of their pay before they would otherwise receive it, employees benefit from a reduction in both their Income Tax and National Insurance Contributions. This makes their pension contributions far more effective.

Many corporate consultants and financial advisers avoid Salary Exchange schemes because of the administration involved.

Our technology makes Salary Exchange a cinch, giving you a simple and long-term solution to provide your organisation and employees with more cash when they need it most.

Example

  • £400,000 per annum employer saving.
  • National childcare organisation
  • 3,500 members

Creative enhances your employee care

Finding smart and sustainable ways to reduce employee-related costs doesn’t need to come at the expense of employee care. To ensure your organisation is competitive in the post-pandemic environment, you’ll need your workforce to be on top form.

Creative can support a wide range of positive outcomes that can support and enhance employee wellbeing:

Personal Wellbeing:

  • Timely renewals for group risk and healthcare policies
  • Insurance brokerage to obtain optimal terms and pricing
  • COVID-safe employee services

Mental Wellbeing:

  • Consulting and implementation healthcare strategies
  • Provision of confidential employee assistance and support
  • Complementary services that prevent claims becoming long-term issues

Financial Wellbeing:

  • Reduced Workplace Pension plan charges
  • Provide access to better Workplace Pension investments
  • Deliver remote financial education and personal financial planning

How?

Creative are more than just Employee Benefits Consultants, Chartered Financial Planners and Financial Product Providers. We are what happens when you bring all of this expertise into one integrated approach, drawing together a whole range of services into a partnership built entirely around your needs.

It is because we sit at the intersection of these professional disciplines that we can offer financial solutions that work for organisations of all sizes and cover the full range of financial planning, organisational and employee wellbeing needs.

Enhanced financial wellbeing

  • 0.4% reduction in Workplace Pension Annual Management Charges
  • Multiple industry sectors
  • 10 – 10,000 employees

Enhanced personal wellbeing

  • Extended Income Protection coverage to entire workforce and saved £12,000 in premiums.
  • Car manufacturer.
  • 450 employees.

Enhanced mental, personal & fnancial wellbeing

  • Introduced unlimited Virtual GP appointments, confdential employee support and shopping discounts at no additional cost.
  • Coffee manufacturer.
  • 180 employees.

Making improvements to your employee benefits programme can make a huge difference to employee wellbeing, particularly in the post-pandemic environment when many employees will be working from home. It needn’t be complicated or expensive – talk to Creative today to find out how.

COVID-safe
service delivery

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