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.
How to manage flexible benefits
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News
Philips rebrands flexible benefits plan and moves to new provider
Philips has rebranded its flexible benefits plan for its 2,300 UK employees to better reflect changes to the company's business structure. It has also switched providers.
01 Mar Sage introduces online flexible benefits scheme
01 Feb Mills and Reeve brings health screening on-site
22 Jan Allen and Overy aims to retain talent with flexible working
06 Jan Fair Care joins forces with NCP to offer a salary sacrifice car parking scheme
06 Jan TD Waterhouse revamps flexible benefits after acquisition
Analysis
Offering employee benefits to families of staff boosts employee engagement
Benefits for employees’ dependants are under pressure, but their contribution to staff engagement is clear, says Sam Barrett
01 Mar Thought leaders 2010: The year ahead: Changing times will bring flexible benefits to the fore
01 Feb Buyer's guide to flexible benefits administration systems
02 Nov Effective communication around flexible benefits
02 Nov Choosing a flexible benefits platform
03 Aug Flexible benefits can save costs and motivate staff in a downturn
Case Studies
Sage introduces online flexible benefits scheme
Sage has launched an online flexible benefits scheme for its UK staff, and introduced pensions salary sacrifice for its group personal pension.
01 Mar Philips rebrands flexible benefits plan and moves to new provider
01 Feb Mills and Reeve brings health screening on-site
07 Sep Case Study: Cofunds selects flexible benefits
07 Sep Case Study: Law Society staff take cash under flexible benefits scheme
07 Sep Case Study: Munich Re's business objectives for flexible benefits
Research
Research 2010: alternatives to flexible benefits
There has been a significant rise in the proportion of employers that do not think their organisation offers enough benefits to flex, says Debbie Lovewell
01 Mar Employee Benefits/Towers Watson Flexible Benefits Research 2010
01 Mar Research 2010: structure of flexible benefits schemes
01 Mar Research 2010: flexible benefits on offer
01 Mar Research 2010: attitudes to flexible benefits
