SIMPLIFY YOUR EMPLOYEE BENEFIT NEEDS SO YOU CAN FOCUS ON YOUR BUSINESS
Streamlined Employee Benefits, Payroll, and Compliance in One Solution
Running a successful business today is about far more than just managing and optimising your profit margins. It’s also about managing the people that make up your business and all that comes along with that – such as administering employee benefits, payroll, retirement funds and more. The challenge for many organisations, though, is that these functions are often done by different external providers that then need to be coordinated internally. This means different points of contact for different functions, lots of administrative work and, crucially, a risk of non-compliance or gaps in service.
A consolidated solution: Premium EB
With this in mind, we’ve created Premium EB: a fully integrated, fully tailored employee benefits solution that’s a streamlined service hub with one point of contact. What does this mean for your business? You get one invoice, one dedicated consultant and one solution to manage everything from retirement and risk benefits to payroll processing, corporate governance and ongoing regulatory compliance. This means far less administrative work, more cost efficiencies and huge time savings. The result? You can focus on running your business and making it the best possible workplace to attract the best possible people.
Here’s how our Premium EB solution works in more detail.
- A dedicated consultant who does the heavy liftingOur dedicated, skilled and experienced consultant will manage every part of your employee benefit process—from payroll and claims management and compliance administration. They’ll also handle compliance registers, re-broking of risk benefits and member presentations. Think of your consultant as your in-house employee benefit expert, but without the salary overhead.
- Comprehensive payroll task administration
As specialists in taxation, accounting and payroll services, we’ll administer the payroll for your staff, whether they’re remunerated monthly, bi-weekly or weekly. Along with payroll processing, we’ll handle your UIF, EMP201 and EMP501 submissions, as well as compliance administration, UI19 issuing when staff are terminated and Will drafting for all staff if required. We also provide administration and monthly billing support to take the pressure off your payroll department.
- Real-time governance and compliance support
Corporate governance isn’t just a tick-box exercise – it’s how you protect your business and your employees. Our Premium EB solution includes outsourced governance and secretarial support, from setting up Management Committees to drafting resolutions and minutes. In doing so, we help ensure your employee benefit fund stays compliant with the latest legislation and that your teams understand their fiduciary responsibilities. We also regularly issue informative and educational booklets to your employees, notifying them on things like legislative changes as well as providing valuable knowledge on various personal financial topics.
- Tailored investment portfolio structuring and reviewWe build and structure employer-specific Investment Default Strategy portfolios in line with your employee demographics, their risk tolerance, risk capacity and investment horizons. We monitor and appraise Fund Investment Performance to facilitate the best returns, and we assess the overall value of the Asset Manager, facilitating switches where necessary.
- Cost-conscious risk benefits
We take a cost-conscious approach to Group Risk management through annual scheme reviews where we engage your insurers and, where necessary, conduct market risk re-brokes to ensure you’re always getting the most competitive prices.
- Regular reviews of the fund benefit structure
Every workforce and every business is different, and each one requires a different employee benefit structure. We conduct an in-depth needs analysis to ensure that your employee benefits are in line with your company’s strategy, contracts and culture. As part of this, we’ll regularly review your group benefit structure to make sure it’s effective and relevant to your employees’ needs, and that it stays competitive in relation to your industry peers. We’ll also measure the impact of benefits on employee wellness, productivity and morale.
- One consolidated invoice Premium EB consolidates all your employee benefits services—such as retirement, risk, payroll and compliance—under one umbrella with a single fee. This means no more chasing up multiple suppliers or reconciling multiple statements for things like payroll, benefits management or compliance. With one centralised billing point, your employee benefit function is more transparent and efficient.
Why use our Premium EB solution?
Managing employee benefits isn’t just about processing payroll and staying compliant. It’s about contributing to your employees’ wellbeing so that you improve staff retention and boost company morale. In this way, we offer far more than just a service with Premium EB: we give your organisation a strategic advantage in an increasingly competitive business landscape. Whether your business is in a solid initial growth phase or expanding into maturity, we’ll help you manage your benefit structures in a seamless and streamlined way using our expertise funneled into one comprehensive solution.
Are you ready for a smarter and simpler way to manage payroll, benefits and compliance? We’d love to partner with you to see your business reach new heights of success.
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