Flexible Benefits
For years flexible benefit packages have been used by employers to recruit and retain their most valuable asset - their employees, by offering them a choice of how to allocate the additional remuneration paid in a variety of ways i.e. pension contributions, life assurance, cars, childcare vouchers, gym membership etc. However many providers now incorporate powerful human resource tools into their packages which greatly aid the employer in running their organisations.
These include - Centralised data with complete security;
- Absence reporting and records;
- Employee maintained holiday booking and records;
- Employee maintained personal records;
- Easy integration with with payroll;
- Powerful HR reporting facility;
- Output P11D data in desired format;
- Easy to allocate flexible benefits based on variable criteria;
- Total reward statement capturing the value of all benefits;
- Employee access for all HR information to aid communication.
These have been available as individual purchases for a number of years, however now some group pension providers are offering them with their pension schemes. For further information please contact us.
These services are not regulated by the Financial Services Authority.