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Bond Payroll extends services to benefits

Bond Payroll Services has joined forces with London-based employee benefits broker Generation Financial Services in a move to expand its service offering.

The arrangement will allow the company to integrate a dedicated employee benefits service with its outsourced payroll provision.

As the service will be sold on a ‘highly flexible modular basis’, Bond says it can be tailored to meet the needs of
each individual client. Clients will also have the combined resources of both organisations at their disposal.

Both companies claim that clients signing up to the all-in-one service will benefit from significantly reduced costs compared with implementing each service individually. According to Andrew Waller,director at Generation Financial Services, the industry often sells each module as add-on extras at a cost of between £5,000 and £50,000. ’This is quite unlike anything our competitors have to offer,’ he said. ‘The fact that we are offering our integrated solutions
at a competitive monthly fee, without any initial charge, obviously has the potential to increase our customer base.

Together, Bond and Generation can offer their services at a far better price than would be possible if working separately.’

Neil Lagden, head of Bond Payroll Services, added: ‘Complementing our service with Generation’s platform and service
will vastly improve the customer experience for employers wishing to outsource both payroll and employee benefits, and is anticipated to deliver full return on investment within months of sign-up.’

Bond Payroll Services is a division of Bond International Software, an international provider of recruitment and human capital management software and services.