Flexible Benefits
Flexible Benefits allow employers to offer their staff a variety of reward options that they can select to match their personal circumstances.In today’s market, employees are looking for a package that not only rewards them financially, but also complements and enhances their lifestyle both in and out of the workplace.
Benefex has worked with a wide variety and number of organisations to deliver high impact, bespoke Flexible Benefit schemes which help to:
- Increase employee motivation and engagement;
- Improve recruitment and retention; and
- Generate significant financial savings
To read more about the advantages of Flexible Benefits please click here
What are Flexible Benefits?
Flexible benefits allow employees to select what they want from a range of benefit options available from their employer; allowing them to build a benefit package that suits their lifestyle and priorities.
Benefex can provide clients and their employees with a comprehensive portfolio of options that can range from traditional benefits, such as making additional contributions into a pension fund, to paying for discounted magazine subscriptions or wine plans.
Flexible Benefit Facts
- Four out of five employers believe the main advantage of Flex is that it recognises the diverse needs and values of the workforce*
- Over half of employers view Flex as an effective recruitment and retention tool**;
- Over 40% of organisations say that having choice around the benefit package increases employee engagement**
- 91% of the Flexible Benefit schemes we have implemented have generated a positive financial return on investment in year 1 (and the remainder over a 3 year period)
Alternatively, take a look at our case studies
* Employee Benefits Flexible Benefit Research 2008
** Employee Benefits Research 2007