Employee Benefits
The contribution of employees to business success is universally acknowledged. It follows that a key objective for any organisation should be the attraction and retention of quality staff.
Over the years, employee benefits specialists have devised many different types of employee benefit structures that require a commitment from the employee to the company in order for the benefits to be paid. The Trustcorp Group provides the administration services required for the successful operation of these structures.
The advantages of non-salary-based employee benefits include:
- Attraction and retention of all your staff
- Targeted incentives to select employees based on company performance/profitability (performance criteria could relate to corporate, departmental or personal achievement)
- Encouraging teamwork and commitment by giving employees a 'collective voice' as stakeholders in your business
- Conserving cash by reducing the cost of performance based cash bonuses or extensive pension contributions - an employee share plan can provide the promise of a valuable benefit, but defer the cost into the future
- Succession planning: in a private company, retiring shareholders can supply shares to employee share plans in return for cash, with no need for external investors or for existing investors to raise finance
Trustcorp's team of employee benefit specialists focuses on solutions for employers wishing to retain key employees by way of performance incentives and structures. We offer a full range of trust, company and plan establishment and administration services relating to:
- Employee Pension Plans
- Employee Benefit Trusts
- Varied Employee Share Incentive Plans
- Deferred Bonus Plans
- Offshore Employment Companies
For further information on Trustcorp's Employee Benefits Services please contact us to request our Guide to Employee Benefits.