Personalised, employee benefits management and staff solutions

PERSONALISED, EMPLOYEE
BENEFITS MANAGEMENT AND
STAFF SOLUTIONS

Left quote | Legacy Wealth Solutions Employee's come first, if you take care of your staff
your staff will take care of you and your business Right quote | Legacy Wealth Solutions

- Richard Branson

As an Employer, be their mentor and help manage their risk and retirement planning. Benefits Matter!
Also known as Perks or Fringe Benefits, these are additional benefits offered to employees and added to their Salary or Wage Package.

Employee Benefits assist employers by considering the well-being of their staff, to attract, retain, motivate, and reward employees, ultimately leading to happier staff and increased production.

  • Group Scheme - Pension / Provident Funds
  • Risk, Disability, Dreaded Disease, Funeral & Education
  • Holistic Retirement Planning - retiring from a company
  • Preservation of Retirement Funds - Resignation / Retrenchment
  • Medical Insurance
  • Investing

Have you ever wondered what would happen to your business if passed away today? If yes, then succession planning is key to ensuring the open.

Employee benefits management Employee benefits management

Frequently Asked Questions

Employee benefits are non-wage compensation that employers provide to their employees in addition to their salaries or wages. These benefits can be financial or non-financial, and they can be provided by the employer or by a third party.

The specific benefits that an employer offers will vary depending on the size and industry of the company, the location of the workplace, and the budget of the employer.

  • Attract and retain top talent: When employees are offered a competitive benefits package, they are more likely to be attracted to and stay with a company. This can help employers to attract and retain the best and brightest employees
  • Reduce employee turnover: High employee turnover can be costly for businesses. Employee benefits can help to reduce turnover by making employees feel valued and appreciated.
  • Improve employee morale and productivity: When employees are happy and healthy, they are more likely to be productive. Employee benefits can help to improve employee morale and productivity by providing them with financial security, health care, and other resources.
  • Reduce financial risk: Employee benefits can help to reduce financial risk for employers. For example, health insurance can help to protect employers from the cost of medical care for their employees.

Employee benefit programs work by providing employees with financial security, health care, and other resources that can help them in their personal and professional lives. These programs can be offered by employers, governments, or other organisations.

The specific benefits that are offered will vary depending on the organisation that provides them.

The way employee benefit programs work can vary depending on the specific program and the organisation that provides it. However, the general process is as follows:

  • The employer or organisation decides which benefits to offer employees.
  • The employer or organisation negotiates with insurance companies or other providers to get the best possible rates.
  • The employer or organisation enrols employees in the benefits program.
  • Employees pay their portion of the cost of the program, if applicable.
  • Employees receive the benefits that they are entitled to.

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