If you would like to increase the range of benefits available to employees without making a major impact on your company costs, voluntary flexible benefits may be the answer.
This type of benefit is hosted by the employer and can be added to a scheme without any major financial repercussions. Employees can pay for the benefit through choice by using their own salary.
Some of the most common voluntary benefits include:
- Discounted shopping
- Discounted holidays
- Health Insurance plans
- Travel Insurance
These benefits offer advantages to both employer and employee. Employees gain access to a broad range of products and services that the employer has endorsed, at a better price than they would have obtained on the high street.
A greater number of organisations are using voluntary benefits to complement their flexible benefits schemes. They can be particularly useful for those companies who would like to set up such a scheme but do not have the budget to do so.