Purple cow employee benefits 2011 (conclusions)
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Transcript of Purple cow employee benefits 2011 (conclusions)
7. CONCLUSIONS7. CONCLUSIONS Purple Cow is the ANSWER Purple Cow is the ANSWER
Compensation in the PH cannot provide financial security during emergencies, and needs a lot of back-up support;
Employee Benefits can provide that back-up support, as most ‘emergencies’ are either life, accident or health-related.
The FS Problem…and EB Solution…
1
EB offers the best back-up support for compensation
Purple Cow 2011
Conclusions
If Employee Benefits = financial security, more Employee Benefits =
more financial security.
If Purple Cow = more Employee Benefits, Purple Cow = more financial security.
The EB Formula…and PC Brand…
2
Purple Cow offers the best EB formula for growing SME
Purple Cow 2011
Conclusions
anxiety depression state of emergency debt desperation
A job without financial security:
3
LESS financial security = MORE worry at work
Purple Cow 2011
Conclusions
security peace of mind happiness focus productivity
A job with financial security:
4
MORE financial security = LESS worry at work
Purple Cow 2011
Conclusions
5% of Salary (Max!):
that’s all you need for Purple Cow.
The cost of Purple Cow:
5Purple Cow 2011
Conclusions
Why pay MORE if you can pay LESS? (and still cover up to 99%)
Treat Purple Cow as:
1) a social investment in staff (CSR);
2) a recruitment & retention tool (HR);
3) a cap on your financial liability (FIN).
Our Recommendation:
6Purple Cow 2011
Conclusions
Purple Cow makes good business & social sense