Flexible benefits – definitions

This is a formal plan run for a set contract period whereby staff can opt into or out of employer-paid benefits, select employee-paid benefits or take cash. This is not the same as voluntary benefits which are discounted products made available through the employer and the contract is between employee and provider. In some cases, if employees do not wish to take any of the benefits on offer, they can choose to keep the cash.

Common terms related to flexible benefits

Cafeteria benefits

Flexible benefits

Flexible benefits consultants

Flexible benefits technology

Online flexible benefits modelling tools

Pensions in flexible benefits

Tax–efficient flexible benefits