Employee benefits

Clearly, first-class employee benefits package are a prerequisite for companies that want to attract and retain high-calibre, skilled employees. They help to ensure the health, well-being, financial security, growth, and development of employees—and to keep them happy and productive. But today’s workers are different from their parents: They won’t settle for a gold watch following a lifelong career at a single firm. They entirely different expectations. Finding—and keeping—quality workers can be difficult for even the most competitive firms. The rules have changed: today, borderless offices include local employees, expatriates abroad, offsite consultants and others, all of whom have different attitudes toward their careers. And as this pool of available talent widens, demand for their skills has likewise increased. But the challenge is about more than retention. The best companies satisfy their people’s expectations and build sustainable corporate value by nurturing, motivating and aligning the talent of their workforce with the company’s business goals.

If this is your situation:

• You need help to define and analyse the different components of your employee benefits package; the type and level of coverage, the staff to be signed up, the type of plan, the pension vehicle, analysis of the tariff conditions offered by a variety of insurers, and the actual and real costs.
• You want to align your reward strategies with your business objectives to create value for shareholders.
• You would like to carry out global and sectoral benchmarking exercises in order to determine the position of your compensation package within your sector.
• You want your reward strategies to better support the objectives of recruitment, retention and motivation.
• You want to confirm that your reward plans are tax efficient in all relevant jurisdictions.
• You want to ensure your reward plan is competitive in the marketplace and reasonable to shareholders and other stakeholders.
• You are dealing with pension deficits which are causing problems with employees, shareholders and the rating agencies.
• You need to comply with new legislation and corporate governance codes.
• You optimise the P&L, balance sheet and cash flow aspects of your compensation and benefit programmes.
• You require a turn-key employee communications plan that can generate personalised information sheets; presentations to staff, brochures, newsletters; and other tools for enhancing employees' perceptions.

How PwC can help you

PricewaterhouseCoopers’ (PwC) is dedicated to providing a complete range of HR-related services—deployed globally, delivered locally throughout the world, and closely integrated with industry-specialised resources. At PwC we not only provide advice and counsel on developing and deploying first-class benefits programs, but we also offer services in such key areas as recruitment, training and development, performance management, retirement provision, diversity and ethics, and health and safety. We can put the knowledge and proficiency of our widely-experienced professionals at your disposal in virtually every industry and business discipline; and, by blending the compensation, benefits, pension and financial expertise of our global network, we help organisations link executive and employee rewards to business goals and shareholder value. It’s all part of our commitment to serving you and your business needs, worldwide.