Flexible benefits a popular choice

Flexible benefits schemes are increasing in popularity with 62% of employers offering a flexible benefits package and 21% planning to do so in the future, according to research by Aon Hewitt.

The global human resources consultancy’s Benefits administration survey 2012 also found that 60% of respondents are outsourcing the administration of their flex schemes, with 85% satisfied with the administration service they receive. For organisations handling admin in-house only 50% were satisfied with the administration.

Lorna Bradford, client director in flex administration at Aon Hewitt, said: “Offering a flexible benefits plan has very much become the norm across a number of industries. We frequently hear from employers that the tax efficiency, positive impact on employee engagement and ability to cater for diverse needs make flex plans increasingly attractive solutions.”

Read more articles on flexible benefits.