Employee Risk Benefits

 Lashley Financial offers an Enhanced Employee Risk Benefits Programme with twocomponents:

• Risk Benefits Management – for group life, health and pensions
• Voluntary Employee Benefits.

 Risk Benefits Management

In Employee Benefits, one size does not fit all. Programmes must be created to be as unique and individual as the culture of the organisation.

Our process starts with a comprehensive assessment of your existing programme. This comprehensive review of the group employee risk benefits programme allows the employer to:

• Better understand and manage their risk benefits programmes
• Build a long term strategy for the provision of group employee benefits
• Have greater predictability and control over the cost of these programmes
• Over time, reduce the costs of the programmes to both employers and their employees
• Improve the effectiveness and reduce the cost of administering these programmes for employers (and insurers)
• Encourage the correct participation in employee benefits programmes by employees
• Enhance employer and employee satisfaction with the programmes.

In addition, we offer a number of ideas to improve the ongoing management of these programmes such as:

• Creating and implementing a plan for employee benefits education
• Identifying and implementing process improvements
• Developing and implementing performance management for plans
• Creating a premium stabilisation fund for large health plans that are performing well to make costs more predictable.

Voluntary Employee Benefits

Our comprehensive approach to designing, implementing and servicing the company’s voluntary employee benefits programme means we work along side you to develop a programme that is right for your organisation.

• We find the right providers, products and services to meet your employee relations, administration and cost needs
• We help you to put them in place in the organisation and ensure that they embed
• We monitor their performance against the objectives set.

With voluntary benefits, employees can choose to participate, while the employer facilitates the provision of these services providing both convenience and cost savings to their employees.  The employee pays the full cost associated with these services.  Voluntary benefits can be negotiated in the following areas:

• Insurance: optional life, supplemental health, retiree medical, critical illness.
• Banking Services: Loans and mortgages
• Personal Lines Insurance: home and motor insurance
• Asset Management Services: mutual funds, personal pensions, money market funds
• Major Purchases: real estate and vehicles.

DID YOU KNOW?

Money Management can be an effective Employee Benefit

Money management as an employer sponsored benefit is innovative and will become an increasingly popular benefit option. Employees want help managing their money and employers or organisations who provide it can realise significant advantages.

Lashley Financial’s Personal Finance programme can help employers to:

• Reward key employees
• Retain employees
• Encourage the correct participation in other company benefits
• Enhance employee morale and productivity
• Provide valuable services, with potential overall cost savings to the employees.

Employers can offer the following to their employees as a paid-for or voluntary benefit:

Financial Education

Companies can offer free, no-obligation educational seminars to their employees, delivered by Lashley Financial.   Employees can also gain knowledge from working with Lashley Financial.  Seminars will look at the key areas of personal financial management and can include specific programmes for areas such as Retirement Planning.

 Personal Financial Guidance

Employees can receive professional financial advice from Lashley Financial.  Through a face-to-face consultative planning process, they can clarify their financial priorities.   

 Personal Financial Plans

Financial plans from Lashley Financial are based on an employee’s current situation, needs and goals.   Lashley Financial will provide comprehensive, written plan tailored specifically to the employee’s needs and circumstances. 

Options
Employers can offer the programme in the following ways:

• Seminars, paid for by the company
• Financial guidance/counselling for the employee, on a fixed or an hourly rate, paid for either by the company or the employee, or both in proportion
• Financial plans for employees, paid for by the company or the employee
• The financial planning service as a benefit, paid for by employees, at a discount to normal rates to the public.

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