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MANAGING EMPLOYEE RISKS

EMPLOYEE BENEFITS CAPABILITIES

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OUR APPROACHThe 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 APPROACHOur 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.

CLIENT

EFFI

CIENCY PARTNERSHIP

ACCOUNTABILITY INNOVAT

ION

CLIENT

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 STRATEGYWillis 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 OFFERINGGROUP 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 CONSULTINGOur 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 projectwas 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 CONSULTINgOur 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 CONSULTINgWe 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 BENEFITSWe 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 RISKA 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 MOBILITYWillis 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 SOLUTIONSIf 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 management, transition to retirement, superannuation and other investment concerns.

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NATIONAL David RowellManaging Director t: +61 3 8681 9869e: rowelld@willis.com

MELBOURNE / HOBARTPaul DervanConsultant t: +61 3 8681 9711e: dervanp@willis.com

WILLIS EMPLOYEE BENEFITSWillis Employee Benefits Pty Ltd • ABN 68 059 019 911 • AFSL 233764 • www.willis.com.au

W01

72AU

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ABOUT WILLIS Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 17,500 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world’s leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.

Willis has nine offices throughout Australia and New Zealand, and in 2008 celebrated 50 years of operation in the region. Visit us online at www.willis.com.au

SYDNEYNigel GroomeNational Development Manager t: +61 2 9285 4043e: groomen@willis.com

BRISBANEMichelle LoveConsultant t: +61 7 3167 8553e: lovemk@willis.com

ADELAIDEBerry TreffersNational Sales Manager - Expatriate Riskt: +61 8 8224 4717 e: treffersr@willis.com

PERTHAngela UsherConsultant t: +61 8 9420 9207e: ushera@willis.com