Introduce, manage and review a flexible benefits scheme

Key points

• A flexible benefit scheme allows employees to tailor their benefits package according to their individual needs.
• Employers that are considering introducing a flexible benefits scheme need to decide on the appropriate design of their scheme, how to administer it, and which benefits to include.
• A flexible benefits scheme will require ongoing maintenance and reviews to ensure that maximum value is gained from the organisation's benefits spend.
• The employer could make use of tools such as employee opinion surveys and exit interview comments to elicit employee views on the scheme.
• The employer will also need to review benefit take-up and how actively benefits are changed.
• Benefits within a flexible benefits scheme can be offered under a salary-sacrifice arrangement.

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