Flexible Benefits
Flexible Benefits
Flexible benefit schemes enable employers to allow staff to tailor their benefits to their lifestyles. Flexible benefits can help with recruitment and retention and improve loyalty and commitment from employees.
Very often employees are not really aware of the investment that the company is making on their behalf as they do not see the full value of benefits such as Pensions Contributions, Death in Service or childcare vouchers. Introducing a flexible benefits scheme will increases employees’ perception of the value of their benefits package.
Flexible benefits schemes can include a wide range of options for staff to choose from that can include:-
• Pensions
• Holiday (buying and selling through salary sacrifice)
• Life assurance
• PHI
• Private medical insurance
• Gym
• Car/car allowance
• Computers for home
• Childcare vouchers
• Dental insurance
• Critical illness insurance
• Travel insurance
• House insurance
• Retail vouchers
Flexible Benefits advantages for the company:-
• Improved recruitment and retention
• Provide a range of benefits that suits the needs of your employees
• Manage and reduce the cost of your benefit package
• Improve employee appreciation of the value of their benefits