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 wide 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.
Employee Benefits Live is on 24 and 25 September.
Hear how at Employee Benefits Live on 25 September.
EXCLUSIVE: Enrolment window also aligned with financial year.
EXCLUSIVE: New benefits will also include Apple devices.
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The latest trends in flexible benefits.
Social media is a useful tool.
Take-up rates for individual benefits can vary because of a number of factors.
Thomsons Online Benefits research: Up from 78% in 2013.
JLT research: Auto-enrolment has changed the view of benefits platforms.