Their situation
Setting up a scheme from nothing
No existing scheme to compare against, just a decision about what to offer. We will ask a handful of questions about the roles and where people are based, and come back with what is typical for a company your size and what it would cost to go further.
Three things to consider
- What is typical
- What companies your size usually offer, as a starting benchmark rather than a recommendation.
- Where to spend
- Whether the budget does more on the core plan or on dependant cover. For a team with families, it is usually not close.
- Room to grow
- Setting the scheme up so it scales with headcount without a rebuild in two years.
What we do
- Ask about the roles and where people sit, then come back with what is typical and what going further would cost.
- Set the scheme up so adding people later is administration rather than a new decision.
- Run it once it is in place, including the renewal and the adds and leavers.