How to stop your top talent walking out the door
Your lunch has been bumped to a tenner, employees are hounding you for a pay rise, add in a staffing shortage and you’ve got the perfect storm for top talent hot tailing it out the door. Luckily, we’ve been cooking up the perfect solution.
The sad news is the cost of living crisis isn’t blowing over. Cathedral City is security tagged, fuel prices are tipping the scales, and don’t even get us started on heating the home. It’s double jumpers all around. The truth is, we’re all feeling the pinch, inside and outside of work.
Anyone with high hopes of recruiting top talent will know it’s cut-throat out there. Large corporates are putting silly salaries on the table, making it difficult for SMBs to compete.
Hearing the cries of customers, and the market, our product and engineering team quickly gathered around the (virtual) table. Shirts on the top, pyjamas on the bottom, coffee splattered notebooks at the ready. The Chief of Product was looking for brilliance. Countless virtual whiteboards, long pauses and GANTT charts later, it arrived.
“What if we enhanced our employee benefits package?” One weary product manager cried.
“What if we work with a market leader?”
*Dramatic pause*
For those of you who don’t know, Moorepay are part of the Zellis group. As part of that group we pay 1 in 6 in the UK. Pretty neat right? Leading benefits provider, Benefex, are also part of our group. So, we called upon our sibling for a spot of help.
Why everyone loves our benefits package
Gone are the days where an attractive salary will catch an employee’s eye. We all know looks fade. Employees are after an employer with sustenance, who really cares about them. Implementing employee benefits is a quick way to support employee financial wellbeing, add real value and go above and beyond bog standard salary.
The real kicker? As an employer there’s heaps of tax and NI savings up for grabs.
Easy to use
Sandra likes a spot of cycling, Paul wants to pop more in his pension and Neil wants someone to nosey at his nashers. We’re all different, like snowflakes. Whatever tickles the pickle of your employees, we have it.
Employees can select their own benefits through self-service, while payroll & HR teams can sit back and let the technology do its thing. That’s enrolment windows automatically closing, quick calculation of contributions, all wrapped up with some pretty whizzy reporting.
Easy to access
Our benefits platform is truly integrated into the Moorepay system. So, what does that mean for you? Well, no manual payslip calculations, no applying salary sacrifice rates to payroll, it’s all done for you. We’ll chuck in the employer tax & NI relief for free.
Your employees can access benefits directly from their Moorepay platform, through Single Sign-On of course. Browsing benefits, snooping and selecting as they go. The best part? That one weary product manager is working on integrating benefits into our Mobile App. They signed themselves up for that one.
Easy to trust
It goes without saying, trust is a huge part of payroll and benefits. Our benefits integration considers complex variances in pay, benefit selections, and the minefield that is legislation. Making sure employees get paid accurately, whatever their mix of benefits. With our cloud-based software, backed by the latest Microsoft Azure technology, you can trust we make compliance worry-free.
Could employee benefits be the answer to your recruitment dry spell? And a quick way to put a smile on the faces of your employees? We think so. If you’re ready to support employee financial wellbeing and make some tax & NI savings while you’re at it get in touch today.
(P.s it’s much cheaper than giving everyone a raise)
