The Business Bulletin
Introducing a flexible benefit programme Flexible benefit programmes used to
Flexible benefit arrangements are
be something which were only really
accessible for SMEs and are a realistic
now something that are much more
accessible to larger organisations, due
option for small employers who want
to the administrative burden and costs
to ensure it best fits their workforce
to improve their benefits offering
involved. Flexible benefits providers used to
profile and meets their objectives of
require clients to have minimum employee
good employees.
numbers higher than many SMEs, or costs of the systems and support were prohibitively high.
attracting, retaining and supporting
What are flexible benefits? Flexible benefit programmes enable employees to vary their reward package to best suit them and their personal circumstances. They can either retain their existing salary whilst opting for selected benefits from an available range, or sometimes can vary their salary as well, either up or down by taking more or fewer benefits.
Issue 15 – Operations and Resources | 11
