Property consultancy EC Harris allocates a pot of money for employees to spend on benefits through its flex scheme each year. Staff receive a fund of between £400 to £3,000 a year, depending on their seniority.
The company, which introduced flex in 2005, also allows employees to take any leftover allowance as cash.
International reward analyst Will Boyce says: “A flexible benefits fund gives the employee control of their benefits and allows them to tailor a suite of benefits that matches their lifestyle requirements.†
“The structure means that organisations can manage the scheme simply, as well as being able to better respond to changes in the benefits marketplace.”
Read more case studies on flexible benefits