FLEXIBLE BENEFITS
Expansion in flex set to continue
Advances in flex technology have eased the delivery and administration of flexible benefits schemes, overcoming the grounds for many employers' concerns, according to research by Employee Benefits magazine.
Moving schemes online, for example, has enabled organisations to pass even greater control over their benefits to employees. The technological advances have also helped employers to consolidate the management of their benefits packages.
The 32-page supplement by Employee Benefits also suggests that the expanding competitive marketplace among suppliers offering low-cost schemes specifically designed for smaller employers has helped to open up flex to a much wider audience.
Avoiding the pitfalls
Few organisations or staff fully appreciate the value of keeping flex schemes fresh, warns Employee Benefits. "The message is loud and clear: flex should not be installed only to be ignored." Organisations must maintain momentum and should look to review the situation at least every year.
Want to know more?
Title: Flexible Benefits Supplement, September 2004, Employee Benefits.
Availability: Employee Benefits is published monthly. You can subscribe online to the magazine at http://sales.centaur.co.uk or tel: 020 7292 3719.
The research is available on the Employee Benefits web site at www.employeebenefits.co.uk. Once you have registered (it's free to do so), click on "Archive of articles" and type "Flexible benefits" into the search box. The articles are dated September 2004.
Posted 18 October 2004