In the past a benefits package only offered a set range of benefits to every employee. Which, in turn, could lead to a lack of engagement in benefits, wasted spend by the employer and an inefficient package which wasn’t competitive.
Flexible benefits schemes solve these problems. They allow you to give individuals the freedom to vary their pay and benefits package to satisfy their individual needs.
Historically, flexible benefits were only available to companies with upwards of 2,000 employees. Today, we can give smaller companies of around 250 employees, who are prepared to fund a core benefit, the power to offer them.