More companies than ever now offer a Flexible Benefits package, demonstrating they’re aware of, and value, the different lives, needs and priorities that come with a diverse workforce.
Overview of Flexible Benefits
Flexible Benefits are a formalised way to let employees adjust their pay and benefits package to suit their individual needs. They can select from a range of benefits paid for by you, choose salary sacrifice options or take cash. Instead of providing a standard benefits package every year, a flexible scheme can respond to your employees’ changing lives.
Why choose Edenred Flexible Benefits?
Giving your employees control and recognising their different priorities helps them to feel valued and fairly compensated. Their increased engagement with their benefits package also increases both their awareness of it, and its perceived value.
It's up to you how flexible you are you set up your scheme : you can decide which benefits are core and which are flexible, and whether you’ll offer additional Voluntary Benefits
at a discounted rate.
We’ll support and advise you at every stage of crafting a Flexible Benefits scheme that’s relevant to your business objectives and your staff, and that fits your budget. We can also help you coordinate how you inform people of their options through both online and printed communications – and even create a unique rewards brand for your organisation.
- Can be used to harmonise benefits across a group of companies
- Can help increase NI savings by promoting salary sacrifice benefits
- Can help organisations control the cost of benefits over time
- Increases employees’ engagement with their package, giving it a greater financial impact
- Sends a clear message that you’re an employer of choice, aiding recruitment and retention
Since 2007, Motivano have provided solutions to support our reward strategy and we look forward to continuing our partnership with them as Edenred.
Carlsberg
- Engaging and empowering to make decisions about their benefits
- Packages can change to fit with life changes such as marriage and promotion
- Feel fairly and personally rewarded
- Opportunity to fully involve families in decisions
- Can reduce tax and NI payments
Since 2007, Motivano have provided solutions to support our reward strategy and we look forward to continuing our partnership with them as Edenred.
Carlsberg