Select by Mash Mercer Benefits (Select by MMB) offers a range of leading employee benefits specifically designed for small to medium sized businesses (SMEs) with between 10-250 employees.
Select by MMB is an effective way to look after key and loyal staff with health, workplace wellbeing and employee insurance benefits.
Does your business have employees you can’t afford to lose? Select by MMB can help you retain and reward them.
For SMEs, offering company benefits to key employees is a way to care for loyal staff, or reward them. It’s a great tool to attract high quality new employees as your business grows.
With Select by MMB, you’re protecting the health of your business into the future.
Select by MMB employee benefits are built on our global negotiating power and leverage, and we pass that advantage onto your business.
They’re a range of benefits we can offer your company, that you can pass on to your employees as recognition for their value.
Offering Select MMB solutions to your employees can help your business retain those key valuable staff or attract high quality potential employees to your business.
Select MMB benefits include solutions for health, life, and travel insurance, and workplace wellness initiatives.
Several ways. First, offering Select MMB benefits demonstrates you care for, and appreciate, your employees. Creating a healthy workplace culture can boost productivity as your staff feel happier, valued and motivated to do a good job.
Second, it’ll give your business a positive point of difference from your competitors, which can help you to attract high-quality job applicants and more business.
Third, some of the health and wellness benefits can help avoid employee downtime and interruption to your day-to-day business, so you can remain more profitable.
Yes, you can. Some SME businesses do this, starting with one or two of the Select MMB benefits and extending it, as the value to the business of Select MMB becomes clear. Typically, they then add additional benefits to further build on the employee benefit program with further budget approvals. We understand this can take time.
The cost will depend on how many of the Select by MMB benefits you adopt in your business, and how that’s structured.
But something to consider is the cost of NOT having these benefits. Typically, the cost of Select MMB can range between 0.5% to 1.5% of wages*. The cost of not having Select MMB can be anywhere between 5% - 15%* of wages, when you consider hiring, retraining, and business interruption costs.
*Approximate figures only.
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.
LCPA 25/141
