Insurance and Pensions for 2015

Flexible Benefits

For many businesses, motivating and recruiting good quality staff requires more than paying competitive salaries and bonuses, or offering a basic range of other benefits.

An increasing number of companies are re-evaluating their benefits packages, to reflect the demand for greater flexibility and choice, as well as initiatives to help the work / life balance. However, the need to retain control of the costs remains a priority.

Flexible benefits can take different forms, geared to each organisation’s market, priorities and staff profile. Some may incorporate a fully flexible “menu” approach, whilst others retain certain “core” benefits and allow the staff to make choices with the remainder that can be tailored to their own personal circumstances. Salary sacrifice is also a popular and tax efficient option.

All packages include certain features, such as total reward statements, to help communicate the benefits and emphasise their value to the employee. Some add value to the HR resource by including holiday booking and absence management reporting.

In every case, a fully integrated online system ensures efficient and cost-effective administration.

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Whichever solution appeals, we adopt a structured approach to consultation, design, implementation and communication, project managed through a number of defined stages:

Our services continue after the implementation process has been completed, to provide our clients with ongoing benefits, including: