Employee Benefit Services

Risk management and financial protection for employees through comprehensive benefit packages.

The best benefits help attract & retain the best talent

Organizations strive to provide an appealing package for their employees in order to improve retention, working to achieve the ideal balance between a fair salary and an adequate retirement plan.

At SHMA, we understand that employee benefits play a crucial role in attracting and retaining top talent for your organization while ensuring the well-being and financial security of your workforce. As the region’s leading Actuarial consulting firm, we are dedicated to providing comprehensive and customized solutions that help you design, implement, and manage employee benefit programs that align with your business goals and values.

With a focus on Actuarial science and data-driven analysis, we offer a suite of services designed to optimize your benefits offerings, manage risk, and enhance the overall employee experience. Whether you are a small business or a large corporation, we are here to guide you through the complexities of employee benefits, ensuring your organization remains competitive in the ever-evolving job market.

How can we help?

Our team of seasoned Actuaries brings together a wealth of expertise and a deep understanding of the ever-evolving landscape of employee benefits. With our analytical rigor and innovative approach, we deliver data-driven insights that empower you to make informed decisions to optimize your benefit offerings. Whether you are a small business, a mid-sized company, or a large enterprise, we tailor our services to meet your unique needs.

Employee Benefits Advisory Services has been a part of SHMA’s field of expertise since 2013. We have helped scores of clients across the GCC and beyond implement the ideal benefits plans for their team, and we can do the same for you.

Our expert advisory services facilitate our clients get assistance in developing best-in-class employee benefits programs for their organization’s needs. This includes helping them design, fund, govern, administer and build communications for their ‘Employee First’ benefits programs.

SHMA has an extensive Employee Benefits client portfolio spread across Pakistan, Saudi Arabia, UAE, Egypt, Turkey and Qatar.

ESOP Schemes:

Employees Stock Incentive Plans is the top solution for companies looking for employees with a strong sense of ownership.
SHMA's expert consultants not only assist companies with the implementation of Share-Based Compensation Plans (ESOPs), but also design them from the ground up, while ensuring proper communication of the compensation structures.
At SHMA, we specialize in navigating the intricacies and difficulties of ESOPs. We offer comprehensive solutions that include customized plan design and 401(k) integration, efficient plan administration, repurchase liability analysis, and customized communication strategies. With our help, you can achieve compliance assurance and maximize the benefits of your ESOP plan.

Integrated 401(k)/ESOP administration

Our all-in-one service platform simplifies the management of your 401(k) and ESOP plans, providing a single resource to meet all your needs. With our integrated solution, you can streamline plan administration, optimize plan design, and ensure compliance with ease.


By gaining a deep understanding of your organization’s demographics, culture, and administrative procedures, we provide a broad range of value-added services. Our expertise enables us to deliver customized solutions that meet your specific needs, whether it’s optimizing plan design, streamlining plan administration, or ensuring compliance.

With our support, you can achieve your business goals more effectively and efficiently.

PUC Methodology

The calculation is performed separately for each employee with current salaries projected forward with an assumed rate of future salary .

We calculate the accrued benefit based on the rules outlined below, considering various probabilities, such as the likelihood of employees leaving the service due to resignation, death, and other factors that may arise throughout their working lives. Additionally, we consider the assumed retirement age to determine the employee’s benefits accurately. Our calculations are designed to provide a comprehensive and accurate understanding of the employee’s accrued benefits.

To calculate the present value of Defined Benefit Obligations and Current Service Cost, we attribute benefits to service periods under the benefit formula. The Projected Unit Credit Method considers the current and prior periods to determine the Present Value of Defined Benefit Obligations and the current period for determining Current Service Cost.

At SHMA, we believe that empowering businesses with robust and well-structured employee benefits is a cornerstone of sustainable growth and success. Our team of Actuaries brings a wealth of expertise to the table, leveraging data-driven insights and Actuarial science to design benefits packages that strike the perfect balance between attracting top talent and controlling costs. By partnering with us, you can rest assured that your organization’s benefits strategy will be customized to fit your unique needs, comply with regulatory requirements, and create a supportive work environment where employees feel protected and valued.

Let us handle the complexities of employee benefits, while you focus on your core business objectives. Whether you want to improve existing benefit plans, manage risks, or explore innovative solutions, we are here to guide you every step of the way. Contact us today, and together, we will build a brighter future for your employees and your business.