Do your employees actively engage with the pension component of their reward package?
Do they feel confident about making those tough choices and planning for their retirement – however far away that day may appear to be?
Well, if the answer is no, then they’re not alone. According to another research report published by HSBC, the majority of employees in the UK feel that they are underprepared for their retirement and many are not making plans to fund it all. This also echoes the concerns of the reward professionals who regularly participate in our annual Employee Rewards Watch survey, now in its eighth year. The pension benefit is probably one of the most valuable and expensive aspects of the total reward package that you offer to your employees, that ‘s why Thomsons Online Benefits has made some exciting new changes to their unique Darwin™ benefits administration platform. We not only understand the issues that your employees face with planning for their future, we’ve been busy coming up with new and practical ways of helping them to respond to those very real challenges.
The latest release of the Darwin™ Reward Centre gives your employees a practical tool that will make them feel more confident about making decisions about their pension contributions and their retirement options. Reward Centre has undergone a complete transformation and redesign of the pension selection area aimed at giving better support and guidance to your employees. Our new Reward Centre enables everyone to gain a greater understanding of what their pension will be worth when they retire and model the impact of different scenarios such as their own personal contributions and salary sacrifice options as well as their employers’ contributions on their future life options. Help and guidance is provided via the thoughtfully laid out screen design of the Reward Centre, with helpful videos and guides in plain language that everyone will find easy to understand.
If you’d like a demonstration of the Darwin™ Reward Centre and to find out how to help your employees get the most out of their reward package please don’t hesitate to contact us. One of our experienced consultants will get back to you right away.