When it comes to looking after your staff, employee benefits is an important subject. Some companies love to offer lots of benefits to their staff, whilst others aren’t big believers in offering a lot to their employees. Some companies can afford to offer lots of benefits, whilst others maybe don’t have the financials available to offer lots, but regardless there is an option out there for everyone.
To attract the best staff into your business you need to entice them. Of course you could offer them an above average salary, or you could offer them some extra holiday days, but in this ever changing world I would suggest that most of the time this isn’t going to cut it with them. Employees these days take great pride in the overall packages they are offered, not everything is about money. This is where the introduction of flexible employee benefits has taken over for a lot of organisations looking to hire the best staff into their business.
Flexible employee benefits are formalised systems that allow an employee to vary their pay and/or benefits package to meet their own personal requirements. One thing to make clear here is that they are NOT the same as voluntary employee benefits where the employee would have to pay for the extra benefits.
Some examples of Flexible Employee Benefits are:
- Health Schemes
- Buy / Sell Annual Leave
- Bicycle Loans / Cycle to Work Scheme
- Childcare Vouchers
- Private Medical Insurance
- Gym Membership
- Dental Insurance
- Health Screening
That is just a selection – there are plenty more that could have been listed, all with their own little benefits. If you take a second to consider it, a lot of these flexible employee benefits could be more important to your staff than their actual salaries, so it would be remiss of you to not consider introducing some of them into your offer.
If you are interested in discussing the possibility of introducing flexible employee benefits into your organisation then take a look at Fair Care. Fair Care can be found at https://www.faircare.co.uk and you will find a whole host of options available relating to flexible employee benefits at different levels.
If you have any questions or queries, the Fair Care team will be on hand to assist you, but I implore you to have a read through their website as it will present you will a whole host of information and key stats relating to flexible employee benefits and how they can enhance the happiness of your workforce. In an ever-changing world, flexible employee benefits are the way forward.
Remember, if you want the best staff you need to make them the best offer. Flexible Employee Benefits are a great tool.