The administration of employee benefits can place a heavy labour burden on manufacturing companies, resulting in costly staff engagement and overheads.

In addition to the staff cost, there is also a certain level of danger when you attempt to take on the very specialised task of on-going administration of pension funds yourself. Typical problems when administering employee benefits include a lack of understanding of the insurance jargon, long-term financial implications and the complexity of the contracts. One mistake could have serious repercussions for the company, the fund and most especially your staff.

How to do this and avoid the headache is one of the topics I discuss in my online article entitled “Manufacturing Companies, Your Staff’s Retirement is in Serious Jeopardy!”. There is much to be gained by considering the things that can wrong and you can learn how to deal effectively with the admin challenge by clicking this link.

By PETER WARREN