Call us on
0161 941 2426

Flexible Benefits

Posted On: 05/03/2019

A flexible approach to benefits is gaining in popularity for two main reasons. Firstly, businesses need to recognise the diversity of their employees and adopt an individualised approach to meet the needs of their workforce. Secondly, flexible benefits are essential to remain competitive and crucial for recruitment and retention.

When a business adopts this style of benefits package, they must ensure that their workforce fully understand the advantages and financial implications of all the benefits available to them. As always, communication and education are key.

Popular flexible benefits

The mix of people in your organisation will determine the flexible benefits you offer, but let’s look at some of the most popular benefits and explore in more detail the advantages to both the employee and employer.

Buying and selling annual leave. Every company will have a policy which states the minimum annual leave an employee must take every year. As long as this policy is adhered to, an employee can sell back any days they won’t be needing or buy some more under this scheme – whichever suits their needs.

Cycle to work schemes. We all know the benefits of cycling for our health so why not cycle to work. To encourage this healthy lifestyle a business must look to install changing rooms – preferably with a shower! If not, then your HR department may be receiving some complaint calls.

Pension contributions. Many companies are able to offer their employees an option to make contributions to top up their pension on a salary sacrifice basis.

Gym membership. It’s a great idea to secure a corporate discount for your employees. It not only boosts health but will boost morale and productivity too.

Health screening. This promotes wellbeing and empowers your employees to take control of their future health.

Empower your employees

Every one of your employees is unique and this should be reflected in their flexible benefits package. And never under-estimate the power of choice – choosing your own benefits is a benefit in itself.

If you want more information on how to put together the ultimate benefits package or need support with communicating the range of benefits to your staff for optimum take-up, please get in touch by calling us on 0161 941 2426.

Get In Touch

What Our Clients Say

“P3PM helped us to find a [360 degree feedback] tool which responded to our need for detailed and actionable feedback for senior staff within the business. They ensured that we were supported throughout the process. The outcomes have been tangible, with colleagues identifying clear areas for development which have been actioned and realised positive results. The process also helped us to understand the balance of skills and behavioural competencies within the senior team and tailor recruitment and development to move towards the balance we want to have. ”

S Anderson - Director

Read Our Latest Blogs

Management Training

Posted On: 14/08/2020

Confident managers with the expertise to positively influence and motivate employees are incredibly valuable to any organisation. They can help increase staff retention, boost engagement levels, and maximise productivity. Not only do effective;

Read More > >

Embracing an Ageing Workforce

Posted On: 31/07/2020

There are lots of reasons why many of us are choosing to work for longer. We enjoy better health, we love having purpose in our lives and, as workplaces embrace diversity and;

Read More > >

Subscribe to our HR News updates

Get the latest updates from P3 and great advice on how your HR can be improved.

To Top