Flexible benefits

Flexible benefits schemes enable employers to allow staff to select the benefits that suit them. Known as cafeteria benefits in the USA flex is seen as a popular way to integrate benefits packages during mergers and acquisitions and at other times of company change. Flexible benefits schemes can include a wise range of options for staff to select from, including tax-efficient benefits such as childcare vouchers and mobile phones or salary sacrifice pensions contributions. The growth of technology means more providers and consultants in the market have reduced costs and bespoke flexible benefits plans have become increasingly popular as a means of offering more tailored employee choice.

Flexible benefits definitions

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News

EXCLUSIVE: JP Morgan uses NI savings to relaunch flexible benefits scheme

JP Morgan has used its employer national insurance (NI) savings from offering some benefits via salary sacrifice to fund the rebranding and relaunch of its flexible benefits plan.

15 May Lloyds Banking Group renews share scheme contract

15 May CIPD/Benefex research: A third of employers to increase employee benefits spend in 2012

09 May Hargreaves Lansdown partners Staffcare on corporate wrap

30 Apr EXCLUSIVE: GKN focuses on employee wellbeing

30 Apr EXCLUSIVE: Mercer research: European employers move to outsource flexible benefits

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Analysis

How to offer flexible benefits internationally

Rolling out a flexible benefits scheme internationally promises to boost staff engagement and recruitment, but it can be a long and complicated process, says Tom Washington

02 Apr Employee Benefits/Towers Watson Flexible Benefits Research 2012

02 Apr Employee Benefits/Towers Watson Flexible Benefits Research 2012: Sponsor's comment: Flexible thinking is required

02 Apr Employee Benefits/Towers Watson Flexible Benefits Research 2012: Key findings

02 Apr Employee Benefits/Towers Watson Flexible Benefits Research 2012: Attitudes

02 Apr Employee Benefits/Towers Watson Flexible Benefits Research 2012: Structure

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Case Studies

Case study: CPP introduced a corporate Isa to flex

CPP, the card protection company based in York, introduced a corporate Isa to its flexible benefit scheme last year as part of the annual renewal process.

30 Apr Case study: Cheshire West and Chester Council reduces salary sacrifice car scheme risks

05 Mar Case study: Online tool handles global flex for Trowers and Hamlins

06 Feb Employer profile: 3663

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