It’s always wise to squirrel away some savings for a rainy day, but nothing decimates a bank account quite like winding up in hospital, or being unable to work without sufficient disability cover.

Many of us have medical aid to fall back on, but perhaps not enough of us are asking if our employers are doing anything to assist us in any way other than simply paying our salaries.

Sure, the SMS around payday confirming the eagle has landed in the bank account is always a lovely tonic, but maybe you should ask your boss(es) to consider taking things a step further.

We spoke to Consequence Private Wealth director Jeff Middelmann, and he had these pearls of wisdom to offer surrounding additional benefits employers could offer.

The whole field of employee benefits has become a lot more interesting as tech and product innovation have brought fees down and improved benefits. We are still primarily a private client business, but over the years many of our entrepreneurial clients have asked us to look after their employees. We now look after more than 40 businesses in Cape Town including some of the top fast growing Fintech groups.

We’ve realised that employees value choice, easy online access and attention – they essentially want to be treated as personal clients and that’s what we do. As independent advisors, it’s fascinating to watch how product providers have used tech to improve their offerings.

For employers there are now great choices available, and for them it’s an opportunity to attract new talent and have peace of mind that staff will be looked after no matter what. We advise on and implement a range of benefits including medical aids, group gap cover, life and disability policies, as well as retirement funding.

Employees can even pay school fees via payroll in the most tax efficient manner. It really is a world of opportunity and an exciting space to be working in at the moment.

In other words, there is a multitude of ways in which your employer can go the extra mile.

With good help increasingly hard to come by, a company like Consequence is well versed in the art of helping employers hang onto their top talent, and attract new talent in their respective fields.

You can find further details on the employee benefits portfolio here, and get in touch with the team at Consequence here.