Services: Flexible Benefits

The most expensive benefit is an unappreciated benefit. With an increasingly diverse and demanding workforce, selecting the correct benefits for you employees can be hard. So why not let them choose themselves? One employee may have no need for life cover, another may want full medical cover for their family. Why implement benefits for someone who doesn’t need, and therefore doesn’t appreciate them?

Flexible Benefits is the name given to a system allowing each employee to select the benefits that that are of most relevance to them from a menu. These choices can change, usually once a year, as the individuals circumstance, age and demographic also change.

The Chartered Institute of Personnel and Development found that while Flexible Benefits (Flex) are still predominantly the preserve of companies with more than 5000 employess, new systems and technology has brought Flex to the SME sector.

Good organisation and management of "who wants what" is essential and we have close working relations with both an indepndent company who offer online solutions, and also large insurance companies who can offer in-house flexible benefit administration systems to compliment their group pension offering.

As with all benefits, consultation and education are vital, but if done correctly, flexible benefits can be extremely cost-effective.

For a free, no obligation consultation and discussion on your options please contact us to see how we can help, or call 0800 169 2827 and ask for Andreas Hunter or Mike Denton.