Employee Benefits at Bay Union
At Bay Union we believe the primary role of the Employee Benefit Consultant is that of a trusted advisor to implement, manage and monitor solutions for employers. We work closely with our clients to identify, and act upon, their group insurance, group retirement savings and medical aid needs and objectives.
As such we see ourselves as your problem solver and business partners. Being totally independent, we act as both a Gatekeeper and Watchdog to service providers giving you unconflicted advice.
Group Retirement Savings
South Africa does not have a strong savings culture. A recent industry survey revealed that less than 6% of the South African population has sufficient savings to be financially secure in retirement. The need for employers to provide a cost-efficient retirement savings vehicle is therefore more important than ever. Doing so places the employer in a competitive position when it comes to recruiting and retaining employees.
It is important to note that we act solely in the best interests of our clients: we are totally independent of any of our many service providers and have no financial interest in the providers we ultimately recommend.
No employer can prevent or protect employees from unforeseen personal hardships such as death, disability, dread disease and funeral costs. However, providing a financial cushion when unfortunate events occur, demonstrates just how much that employer cares for its employees and their families.
At Bay Union, people are at the heart of our business and taking care of their healthcare needs is a priority. We believe it is very important to ensure employees have access to private healthcare in the most cost-effective way. Due to our independence, we are able to market an array of medical products through various providers to you depending on the suitability to the needs of the employees. Our offering includes traditional Medical Aid Schemes, Gap Cover, Primary Care and Employee Assistance Programs.