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MANAGING EMPLOYEE RISKS EMPLOYEE BENEFITS CAPABILITIES · PDF file 2014-10-13 · Page 5 SERVICE OFFERING GROUP RISK CONSULTING Our expertise and experience in the management of insured

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Text of MANAGING EMPLOYEE RISKS EMPLOYEE BENEFITS CAPABILITIES · PDF file 2014-10-13 ·...

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    MANAGING EMPLOYEE RISKS

    EMPLOYEE BENEFITS CAPABILITIES

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    OUR APPROACH The Willis Employee Benefits approach is simple. We work in partnership with you to manage your benefits and to help you to:

    Optimise your benefits spend; Reduce your administration burden; Enhance your employees’ awareness and understanding

    of their benefits through education sessions that are tailored to your organisation.

    We achieve this through building long-term client relationships, working in partnership with you and ensuring our consultants fully understand your objectives, strategy and requirements.

    This enables us to work proactively, providing advice and guidance that is relevant to you and to respond and adapt quickly to changing conditions.

    A competitive employee benefits programme is at the heart of most reward strategies. Whilst its primary objective is often to provide financial assistance to an employee and/or their family during their working life and beyond; it can be key in attracting, retaining and motivating talented people. Providing a cutting edge programme will meet not just your requirements, but also those of an often diverse workforce.

    OUR APPROACH Our approach is simple. We work in partnership with you to manage your benefits and to help you to: — Optimise your benefits spend — Reduce your administration burden — Enhance your employees’ awareness and understanding of their benefits

    We achieve this through building long-term client relationships, working in partnership with you and ensuring our consultants fully understand your objectives, strategy and requirements. This enables us to work proactively, providing advice and guidance that is relevant to you and to respond and adapt quickly to changing conditions.

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    A competitive employee benefits programme is at the heart of most reward strategies.

    Whilst its primary objective is often to provide financial assistance to an employee and/or their family during their working life and beyond; it can be key in attracting, retaining and motivating talented people.

    Providing a cutting edge programme will meet not just your requirements, but also those of an often diverse workforce.

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    CREATING A STRATEGY Willis Employee Benefits have considerable experience in providing innovative client-focused solutions to the employee benefit challenges that you might face, with programmes that align with your current objectives and are designed to meet and adapt to changing requirements in the future.

    We work closely with you to fully understand your business, your objectives and any specific challenges and we use this knowledge when designing your programme and negotiating terms on your behalf.

    We will:

    Develop a long-term strategy with you Complement your HR team providing guidance on various issues including changes in market practice and

    legislation

    Help you communicate with your employees Review and appraise existing arrangements Provide access to quality, experienced staff Work in partnership with you to ensure your goals are our goals

    Willis Employee Benefits work closely with you to fully understand your business, your objectives and any specific challenges. We use this knowledge when designing your programme and negotiating terms on your behalf from the market.

    By understanding you, your business and your employees we work with you to provide long term solutions that help you to attract, retain and motivate your workforce.

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    SERVICE OFFERING GROUP RISK CONSULTING Our expertise and experience in the management of insured Employee Benefits is applied to the design of insurance cover, selection of insurers and on-going management of your plan. We specialise in Group Life, Group Salary Continuance, Group TPD (Total and Permanent Disability) and Personal Accident.

    We will:

    Review policy terms; Assess the alignment of policy terms with your Employee

    Benefit objectives;

    Insurer selection/market tenders; Manage the implementation of your benefits; Provide on-going management of insurance underwriting,

    claims and annual policy renewals.

    SUPERANNUATION CONSULTING Our expertise in workplace based retirement savings plans is applied to assist with:

    Provider selection/market tenders; Monitoring of existing providers; Understanding regulatory compliance; Employee communications; Employee seminars on retirement savings and investment

    strategy decisions.

    CLIENT EXPERIENCE “Our benefits project was complex in nature with many key delivery points and fixed deadline requirements. Willis provided and maintained a detailed time lined project plan and they worked to diligently deliver all our required objectives on time and within budget”.

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    SERVICE OFFERING continued HEALTH & WELLBEING PROGRAMS A growing benefit in the Australian market, we can assist you in implementing a program that can assist with:

    Increasing presenteeism and productivity and decreasing absenteeism in the workplace

    Providing a better work/life balance for employees

    VOLUNTARY BENEFITS We can facilitate a range of benefits which are optional and funded by the employees who elect to take advantage of them. Benefits include private medical cover, travel insurance and critical illness cover, all at corporate discounts.

    EMPLOYEE COMMUNICATIONS Clear, concise, easy to understand communication is key to any successful employee benefits programme and all communication material must be relevant to the audience.

    EMPLOYEE BENEFITS DUE DILIGENCE We provide specialist advice for organisations involved in or considering a merger or acquisition:

    A benefits review prior to agreement of a transaction; Highlighting potential risks and liabilities for further

    investigation;

    Rationalisation of benefits programmes after conclusion of a transaction.

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    SERVICE OFFERING continued

    SERvICE OFFERINg PENSION CONSULTINg Our pension consulting expertise covers: — Pension provider reviews — Strategic advice and design — Auto-enrolment guidance and advice — Pension scheme implementation — Employee engagement — Scheme governance — Investment default fund guidance

    gROUP RISk ANd HEALTHCARE CONSULTINg We provide advice and administration services for Death, Disability and Healthcare. Our services include: — Scheme appraisal and design — Market reviews to ensure competitive terms — Claims mediation, documentation review and accounts reconciliation

    TOTAL REwARd/FLExIBLE BENEFITS We have considerable experience in assisting firms who want to adopt a structured approach to the communication of total reward and/or a fully flexible benefits strategy. Our consultancy solutions include feasibility, design, communication and implementation of benefit and salary sacrifice schemes.

    “ Our benefits project was complex in nature with many key delivery points and fixed deadline requirements and Willis provided and maintained a detailed time lined project plan which they worked to diligently deliver all our required objectives on time and within budget.”

    CLIENT ExPERIENCE

    BUSINESS RISK A business can become highly exposed in the event of the loss of a key director or employee. Key Person insurance will protect your organisation against the loss of individuals who matter most. Another business risk is where a partnership comes to an end due to a death or disability of a business partner. This risk can be minimised by the use of life insurance and a buy/sell agreement. We provide expert advice on the management of this risk and the implementation of insurance solutions.

    GLOBAL MOBILITY Willis can lay claim to having the most experienced Global Mobility Practice in Australia, with a team with over 70 years of combined experience.

    Whether it be sending your staff to overseas destinations or bringing in personnel on 457 visas, we have the solutions to help keep them safe and to ensure they have the required specialised medical cover.

    Our services include:

    Providing medical coverage for both Inpats and Expats;

    Providing a safe environment and risk management plan for your Expats who are in dangerous parts of the world (Special Contingency Risks).

    MULTINATIONAL SOLUTIONS If you have a global business we can work with you to:

    Audit and benchmark your overseas benefits; Define and set global strategy for mobile and local

    employees;

    Determine the most appropriate solutions, both insured and non-insured;

    Achieve global governance; Implement multinational pooling and captive

    solutions.

    FINANCIAL PLANNING Advice regarding current investments and an investment plan that will ensure a satisfactory life in retirement, consistently rate as the most sought after benefit by employees in benefit surveys.

    Willis Financial Planning has a team of highly qualified Financial Planners who will be able to run employee seminars and be available for one on one discussions to provide advice on debt ma

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