Flexible benefit schemes factsheet

Published on: 03/02/2015

Guide to a flexible benefits scheme for employees. 
 
Introduction

The incentive for the employer to introduce a flexible benefits scheme is to get a competitive edge in the market place by providing benefits of choice to employees to aid recruitment and retention.

Value for money is also relevant to the workforce of today that sees many couples both working and receiving duplicate benefits, for example, private medical cover for the family or company cars.

Supporting a culture of empowerment and to make staff more aware of their total reward package are other reasons why companies introduce such schemes.