Legal Expertise for Strategy and Benefits
Strategy and Employee Benefits Lawyers
Thankfully, not all employment or HR issues are bad ones!
Despite the rise in automation and advances in technology, people are still the core of a successful business – at least until AI takes over the world.
Recruiting the best you can is the starting point, and then the challenge is to develop and retain them.
That’s a good issue to have.
Beyond Corporate’s employment lawyers have decades of experience helping clients find real-world solutions to these practical problems.
We can guide you through designing attractive but sensible employment terms that work for you and your employees.
Employment contracts and policies are not just a stick to beat employees with – properly used they are tools to keep staff happy and loyal.
Why are HR Strategies and Employee Benefits Important?
In a competitive job market, careful thought given to basic matters like appropriate notice periods can pay dividends.
An understanding of, and readiness to consider, employee-friendly approaches such as flexible hours and home-working may be critical these days.
It’s also vital to consider the downsides of these from the business perspective – and draw on the experiences of others in the post-COVID environment.
Long gone are the days when an employee viewed a salary on its own as all that was wanted.
Bonus and commission arrangements are commonplace (as are disputes from those that have been ill-thought-out or not documented properly).
There is also a whole range of non-cash benefits that an employer may be expected (or want) to provide, such as:
- Pension scheme membership
- Private health insurance
- Life assurance
As always the devil can be in the detail and it’s essential to make sure each of these benefits are implemented effectively and in a way that will not create potential liabilities for the business down the line.
Looking forward, a business will want to not only lock in valuable employees but also incentivise them to perform at their absolute best.
One of the most effective methods is to align their interests with those of the owners – particularly if the latter’s aim is to sell at some future point to realise the capital value of the business.
Enabling employees to share that value in a tax-efficient way creates that alignment.
How Beyond Can Help
Beyond has extensive experience in advising on implementing a range of employee benefit proposals – particularly through the use of corporate means.
Typically this will involve the use of a tax-advantaged share option scheme (such as an EMI or CSOP scheme) or, where these are not appropriate, growth shares.
The possibilities are many and varied, but the aim is always to maximise employee engagement and loyalty without any loss of control for the business owner.
We are not, however, blind to the risks inherent in employment and can help you protect your business by ensuring you put in place robust contractual provisions that apply both during employment and to prevent unfair competition after it ends.
Our advice in relation to recruitment, incentivisation, and post-employment matters is not limited to employers.
Experience gained in acting for employers provides a real advantage in advising employees in their current roles (and making sure that they know, and benefit from their worth) and in making plans for what they may do in the future.
Speak to us
Get in touch to let us know how Beyond’s employment team can help you. Let us share our knowledge and market intelligence with you.
Employment Capabilities
Reach out to Our Strategy and Benefits Lawyers
Our Employment team is focused on providing tailor-made support for businesses, HR, and people teams and individuals. Our team has years of experience in employment strategy and benefits, so no matter your issue we can help.
To speak with our team, give us a call at 0333 202 6433 or send an email to [email protected].
