UK - Employee benefits consultant Jardine Lloyd Thompson and the Chartered Institute of Personnel and Development have produced a guide for employers on flexible benefits.
The “executive briefing” gives a description of flexible benefits, how they benefit organisations and considerations on design and implementation.
It also urges employers to build a substantial business case for the introduction of the “flex” scheme and to determine an appropriate method of communication.
CIPD adviser of reward and conditions of employment, Charles Cotton, said: “By allowing employees to flex their pay and benefits packages, organisations are able to enhance the perceived value of reward packages. However, this is not a simple process. Our new executive briefing is a practical guide to the implementation issues and an excellent way of understanding this topic in more depth.”
The recent CIPD reward survey shows flexible benefits are becoming popular with firms, with 9% of respondents planning to introduce a scheme in the next year.
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