Providing your employees with benefits gives your recruitment and retention strategy a very competitive edge.
AIA New Zealand employee benefits can cost less than a cup of espresso per employee per week, however the perceived value is much higher.
In a recessionary market it’s a smart business move to utilise a tactical tool that enhances your employment brand.
AIA New Zealand’s innovative, flexible products can be tailored to provide financial security for everyone from junior trainees to senior managers. You need only 10 or more staff to be eligible for group concessions.
$125 per employee a year may buy… *
- $340,000 life cover for a 35-year-old female executive or
- $85,000 life cover and $85,000 total and permanent disablement cover for a 35-year-old tradesman or
- 75%-of-salary income protection for a 35-year-old office worker.
* Approximate sample only; Income Protection based on a five-year benefit, 60-day wait, employee group of 20 staff, normal commissions. All applications are subject to individual consideration. Special terms, exclusions and premium loading may apply to individual circumstances.
Attracting the best people
The employment market is tight. So tight that employers are having to sharpen their remuneration and benefit packages more than ever before. By offering attractive employment benefits, you have a better chance of becoming an ‘employer of choice’. It is important to differentiate your company in the employment market and give candidates a tangible reason to prefer your offer.
Reducing employee turnover after a year or two
After 18 months, an employee resigns - just when your company is finally getting a return on money invested in recruitment, induction and training. By providing rewards that are additional to salary or wages, you are giving employees a reason to stay. Not only are they getting something that has tangible value, they’re also getting the impression that you are a good employer - and good employers can be hard to find.
Retaining valuable, long-standing employees lured away by other employers
Losing a key person is hard on business. In some cases it can be totally disastrous, leading to loss of clients or contracts. And what if they’re leaving to work for the opposition? Even more reason to worry.
Employment benefits can be tailored to create levels of reward within your business. You can create groups based on length of service or level of responsibility. Employees will have an incentive to stay on and they’ll get a clear message about how much they’re appreciated.
You will love what AIA New Zealand can do for your business and staff. To look into the opportunity further, call our Employee Benefits team on call free 0800 800 242 or send us an email: nz.group@aia.com
This website is provided as a general guide only and is not to be relied upon as a substitute for obtaining professional advice on your specific circumstances.
The information contained on this website should not be regarded as a full explanation of the policies offered by AIA New Zealand. It does not in any way form part of your insurance contract with AIA New Zealand or make any representations or promises as to the cover you may receive. Please refer to the relevant policy document for full details of the insurance contract and the terms, conditions, limitations and exclusions that may apply.
Get Good Advice - Call 0800 800 242
In today’s employment market it’s a smarter business strategy to look after your best people, by making them feel valued and rewarded - for less than the price of an espresso per employee each week.
With help from an AIA New Zealand’s Employee Benefits Insurance Adviser, you can create a tailor-made package of employment benefits that would be hard to leave behind.
To request an appointment with an Insurance Adviser, contact us on call free 0800 244 477 or email: nz.group@aia.com