Since the start of the lockdown we have been working flat out supporting our clients in their approach to employee welfare.
Areas in which we have worked with clients in decision making and communications include: –
• Furloughing staff and understanding the Coronavirus Job Retention Scheme (CJRS)
• Impact on employee benefit schemes (Pension; Group Life/Death In Service; Group Income Protection) and corrective action, where necessary
• Possible redundancies and tax-efficient construction of redundancy packages
As we begin to come out of lockdown, government support will reduce and ways of saving costs in the short-term are undoubtedly going to come into focus. Some companies may have little choice but to accelerate redundancy plans.
At Richmond House we understand the process and can assist employers with the smooth transition of their business. We support employer processes with clear and positive communication designed to focus employees on the future rather than dwell on the initial shock.
At a staff level, our financial planners support employees in managing their finances and help them budget accordingly. Where employers rationalise their benefits programmes we can advise employees of the impact and how they might compensate.
If you feel you and your employees would benefit from our support then please do not hesitate to get in touch.
We are happy to offer a free initial consultation to discuss your specific requirements. Throughout the lockdown we have been working remotely with our clients via phone or video calls, and are strategically poised to give the help as and when its needed.
We are all in this together but we are not alone.
Support is available to allow you to tailor your situation to best effect while allowing you to concentrate on getting your business back in full working order.
Wendy Devlin Dip CII, CeFA, CeMap (MP & ER)
Corporate Business Development Manager