Flexible Benefits

By: HR Management Support  03/02/2011
Keywords: Employee Relations Advice, Employment policies and procedures

HR Management Support are experienced in providing and managing bespoke flexible benefit schemes.

Schemes for smaller employers can be administered simply, without specialised software and can be operated in tax efficient ways

Flexible benefit schemes can include a wide range of options for staff to select from creating a plan that has something for everyone. Benefits are generally either considered to be ‘core’ or ‘flexible’, which are organised into the following categories:

Future Wealth and Security

  • Pension
  • Life Assurance
  • Permanent Disability Insurance
  • Personal Accident Insurance

Health

  • Private Medical Insurance
  • Health Screen
  • Dental Insurance
  • Healthcare Cash Plans

Lifestyle

  • Holiday (Buy & Sell)
  • Childcare vouchers
  • Bikes
  • Travel Insurance
  • Retail vouchers

 

Core benefits are those that we feel are vital for all employees to have – whether this is for statutory (legal) reasons, or just as a responsible employer.

Core benefits are made up of: Pension, Life Assurance, Permanent Disability Insurance cover and Holiday. As well as the option to select increased levels of core benefits, Flex offers you a choice of other benefit options

Flexible benefits plans are very popular with companies who are merging or who are buying/being bought because it is easy to integrate the packages.

Keywords: Employee Relations Advice, Employment policies and procedures

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