WSB aims to help its audience get the most out of existing benefits spend and use their benefits strategy to more effectively recruit and retain staff at a key point in the market’s history.
Writing in the first issue, editor Jonathan Stapleton said WSB’s arrival came “just months ahead of the start of auto-enrolment, the biggest change to workplace savings for a generation”. He noted that according to Department for Work and Pensions estimates as many as 10 million people will be enrolled in a workplace pension scheme for the first time ever. “Such an influx of members will have a huge impact on company pension and benefit strategies – leading many firms to conduct a review of their entire offering to make sure they can cope under the new regime and to check the increased cost is not unmanageable,” he added.
The inaugural issue features a profile of transport business FirstGroup, which has already revamped its benefits offering with auto-enrolment in mind, but many companies have yet to fully address the subject while some are yet to begin.
Its website (www.wsandb.co.uk) and twitter feed (@WSandBenefits) have also been unveiled alongside the monthly print edition. Owain Thomas is senior correspondent on the publication.
