Research: Key findings of flexible benefits research

Our survey, which was carried out in January 2009, received 832 responses from Employee Benefits readers and users of www.employeebenefits.co.uk

Key Findings

  • 36% of respondents say the recession will result in greater pressure to introduce tax-efficient benefits via salary sacrifice, while the same percentage (36%) say they will review providers to get a better deal.
  • 81% of respondents believe flex recognises the diverse needs and values of the workforce.
  • 60% say their flex scheme has successfully promoted employee appreciation/ understanding of benefits.
  • 28% allow staff to take up tax-efficient benefits via salary sacrifice making it the most popular way of structuring flex schemes.†
  • 91% of respondents offer childcare vouchers through flex, making it the most commonly-included option.
  • 40% of respondents do not know how much their flex scheme costs to run per employee per year.
  • 64% measure the success of their flexible benefits scheme, with 72% basing this on employee satisfaction levels.

Click on the links below for more sections:

Attitudes to flexible benefits
Structure of flexible benefits schemes
How flexible benefits schemes are administered
Salary sacrifice in flexible benefits
Alternatives to flex plans
Pensions and flex
Crucial communications
Sponsors Comment: Realise the full value of flex