Around 90 percent of the employees are using the new model, which was introduced last December. Head of Human Resources Christina Hechtfischer is pleased with the huge interest: “At Raumedic, we wanted to create a provision environment that was open to all, with no hurdles.” As such, employees at German sites receive a monthly grant of €100. The sum can be used for pension provisions or for occupational disability, the latter of which even comes with a very simplified health check. In the view of the HR boss, this is a real unique feature: “I think our program is a one-of-a-kind in the region.”
Operational benefits at a premium
In doing so, the company is providing all employees, including trainees and students of dual programs, an additional €1,200 a year to cover potential provision shortfalls. “With this measure, Raumedic is in line with the spirit of the times.” Christian Zorn, CEO of insurance brokerage firm Securanto Pensions & Benefits, is certain of this.
Securanto supported the medical technology company significantly with the introduction of the new provision model. “We had all sorts of consultations with employees, since financial provision isn’t just an individual matter, but a hot topic as well,” says Zorn. According to a study by Willis Towers Watson, the majority of employees want more generous benefits from their employers.
Investing in the future
For Johannes Neder, Co-Director of Securanto Pensions & Benefits, employers with individual provision offerings can encounter several challenges: “Whether it’s the low pension level or the expected economic slump following the coronavirus pandemic, companies should now invest in their employees and adapt their company pension schemes to the demands of the future.”
The Securanto group is among the largest independent, owner-managed insurance brokers in Bavaria and advises medium-sized companies in operational provisions business and risk management.