A voluntary benefit scheme gives employees the opportunity to select and buy benefits at a lower cost than they would be able to get directly. It allows you to offer a larger range of benefits at little or no extra cost.
Overview of Voluntary Benefits
Voluntary Benefit schemes let you offer additional benefits and services at little or no extra cost to the organisation. They’re paid for by employees, sometimes through payroll; they pay less for their chosen products than they would pay directly. Benefits that offer a tax break can be paid for by salary sacrifice.
Why choose Edenred Voluntary Benefits?
Voluntary Benefits offer a wider coverage and more flexibility with fewer costs. You can use them as an introduction to Flexible Benefits or as a range of additional discounted benefits sitting alongside your current scheme.
Giving your employees their choice of Voluntary Benefits 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.
There’s no need to set up complex administration; we’ll help you select the benefits to offer and, if you wish, set up payroll deductions. Products include Childcare Vouchers, Cycle to Work schemes, personal accident, critical illness, dental and private medical insurance, employee assistance programmes and medical cash plans.
- Offers a wider range of benefits
- Increases employee satisfaction without exceeding your budget
- Increases employees’ engagement with their package, giving it a greater financial impact
- A cost effective way to introduce salary sacrifice benefits
...a pan European operation... which provides our staff with a consistent and flexible services
Eurostar
- Offers a wider range of benefits
- Allows employees to choose a personalised package
- Gives employees lower rates than buying benefits directly
- Allows employees to enjoy tax and NI-efficient benefits
...a pan European operation... which provides our staff with a consistent and flexible services
Eurostar