Flexible benefits:

Flexible benefits schemes offer employees an element of choice about the benefits they take. Some will provide an allowance, and let employees pick from a range of benefits, with very few restrictions. Others will impose more rules, while some will offer a core package, and some flexibility around it. Many employers also include tax-efficient benefits such as childcare vouchers and mobile phones or salary sacrifice pension contributions. In recent years, providers have been offering cost-effective flexible benefits systems through off-the-shelf solutions, making them a realistic option for many smaller employers. .

Flexible benefits schemes offer employees an element of choice about the benefits they take. Some will provide an allowance, and let employees pick from a range of benefits, with very few restrictions. Others will impose more rules, while some will offer a core package, and some flexibility around it. Many employers also include tax-efficient benefits such as childcare vouchers and mobile phones or salary sacrifice pension contributions. In recent years, providers have been offering cost-effective flexible benefits systems through off-the-shelf solutions, making them a realistic option for many smaller employers.