Member Article

Law firm launches new employee benefits package

DICKINSON DEES has launched a new benefits package for the region’s businesses who are looking to reward staff.

The economic climate has caused the demise of many businesses over the last 18 months and with survival at the forefront of employer’s minds, the issuing of purely financial rewards to executives and senior management has been out of the question for the majority of businesses in the region.

This, coupled with the negative press surrounding the so-called ‘bonus culture’, has led employers to think more creatively about the incentives and benefits they provide for key individuals in their business, leading to a sharp increase in ‘benefits in kind’ being adopted as a meaningful alternative.

In response to this, Dickinson Dees has been working with HR Directors to develop an a solution for employers to allow key individuals to benefit despite the tough times.

Elevate, the new service on offer by Dickinson Dees, will provide employers with an executive benefits package for senior management, incorporating a menu of legal, tax and financial advice from which specific services can be selected, such as will planning, lasting powers of attorney, living wills, investment and pensions advice and personal tax compliance.

David Dale, head of wealth management at Dickinson Dees said: “Financial rewards for employees are often one of the first casualties of economic hard times. In spite of this, the wish and need for employers to support their staff through an appropriate scheme or package of benefits often remains strong.

“Elevate is a cost effective, flexible, benefits package which allows employers the opportunity to reward their management team in a meaningful way and sets them ahead of the competition when it comes to retaining their key people.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .