Flexible and voluntary benefits
Put employees in control of their workplace protection benefits
Flexible benefits allow the employee to top up their workplace protection cover from a minimum amount that the employer provides.
Voluntary benefits allow employees to choose whether they want to be covered by the protection benefits chosen by the employer, as well as make changes within the options available.
- Which products to include in a flexible or voluntary scheme.
- The minimum level of each flexible benefit they’ll provide.
- The options an employee has for making changes to their benefits.
- A starting level of cover when they join
- To increase cover, usually at an agreed yearly date, or following a life event milestone like the birth of child
- To decrease cover as their needs change
- Check workplace content created by employers for their employees.
- Platform design specifications to help employees access and change the benefits.
- Guide employers with options chosen to help employees become aware of the cover available.
The advantages of flexible and voluntary benefits
Employee engagement
Giving employees a choice about the level of cover that suits their needs can improve workforce engagement with flexible benefits.
Duty of care
Offering the whole workforce a wide range of benefits so ensuring all employees have access to cover.
Targeted spending
Choose where to target spending on benefits and this cost can be offset against corporate tax liabilities.
Integration
An easy way to integrate reward packages when merging benefit schemes.