Flexible Benefits
Attract, retain and motivate your workforce through flexible benefits
Recruiting quality employees is no mean feat, but then managing to retain them in today's competitive labour market proves an ever tougher task.
Motivano's Online Flexible Benefits Scheme is the perfect way for you to please all your employees at the same time, as you enable them to mix and match benefits to suit their own particular lives. In most organisations, there is a difference in people's age, marital status and lifestyle, which means that their wants and needs will vary considerably.
"Research shows that 97% of employees would like some degree of choice when it comes to their benefits"*
Motivano's Online Flexible Benefits demonstrate, internally and externally, that a company is in touch with the needs of its workforce. According to research in 2006, 35% of companies already offer a flexible benefits scheme, with 31% planning or considering implementing it in the future**. Today, they are considered an essential ingredient for any "employer of choice". More companies than ever now offer a flexible benefits plan, and in some sectors not having a scheme is likely to mean losing points in the recruitment and retention stakes.
The people's choice
Instead of just providing standard employee benefits every year, Motivano's Flexible Benefits scheme responds to the evolving needs of employees. In recognising that individuals have different personal priorities, the 'flex' approach will make your staff feel valued and fairly compensated for their loyalty.
By giving your employees the opportunity to make their own benefit decisions, within certain parameters, you put them in control. With the freedom to choose, your employees will naturally take a keener interest in their benefits, which will place a higher value on the final package they receive.
Aligned with your business goals
It's up to your company how flexible it wants to be. Your company determines what is mandatory, what falls into your benefits scheme and what additional benefits may be offered at discounted rates. Motivano consultants can support, guide and advise you at every stage, helping deliver a scheme that is relevant both to your employees and your company's objectives, and within your budget.
Quick to implement, easy to maintain
Motivano has taken away the hard work of launching a flexible benefits scheme. We will help you identify, build and communicate your benefit options to your workforce through our secure online Flexible Benefits Platform, saving you the expense of a costly bespoke system. We can also help you create a unique 'reward brand' which can be used across the website and all communications.
Employees have a personal online account with a set "spending allowance" so that they can use it on the benefits that they consider most suitable and adjust them according to their requirements. Offering them via salary sacrifice means even more benefits can be derived for all parties.
Why choose flexible benefits?
- The ability to tailor their own total reward package with regards to life changes such as marriage and promotion
- A clear message that the company is committed to them and values their contribution
- The opportunity to fully involve their families when making benefit decisions
- The opportunity to reduce Tax and NI payments
For more information on Flex, please download our Flexible Benefits White Paper which takes a comprehensive look at flexible benefits schemes, current trends, the types of benefits on offer, steps to implementing a successful scheme and the types of costs involved.
*Employer Attitudes to Flexible benefits 2000-2001
**Employee Benefits 2007
***Research by Deloitte & Touche in 2003 revealed that two thirds of companies (67%) operating flexible benefits confirmed that they reduced the cost of rewarding employees, with the most significant savings achieved through the utilisation of technology
