A Win Win Solution for Benefits & PayrollQuin-essence Limited has developed a suite of integrated Flexible Benefits, Payroll Management & Payroll Processing Solutions that utilise ASP technology. This not only allows users secure access to their payroll and benefit data without the need for any additional hardware or software but it also allows this information to be comprehensively communicated through one Total Reward / Pay Statement.
The Solutions have the functionality to be multi-site, multi-lingual and multi-currency; indeed the payroll covers all of the main payroll jurisdictions across all five continents. Reports can be produced in the local currency and/or a designated common currency e.g. GBP, USD etc, thus giving HR and financial departments instant access to a fully concolidated report providing total costs per individual, per location and per country; making it an invaluable tool for reporting and cost comparison.
Quin-essence can also offer this holistic solution to the SME market. Historically this has not been an option, as providers would typically only consider flexible benefit schemes for companies with more than 150 employees. We have overcome this and have negotiated arrangements with leading providers becoming the first benefit consultancy to sucessfully design and implement a fully flexible benfits scheme and payroll bureau for a client with less than 20 employees.
Our research has shown that implementing Flex & Payroll in unison allows companies to capitalise on the benefits our integrated solutions provide:
Reduced administrative burdens
Improved methods of communication
Benefits targeted to individual needs
Improved employee appreciation
Improved recruitment and retention
A prime example of where a win-win scenario can be created for both employer and their employees.