Increasing numbers of companies are re-evaluating their benefits package to reflect the demand for greater flexibility and choice, as well as initiatives to help the work/life balance. However, the need to retain control of costs remains a priority.
Flexible benefits can help resolve this dilemma and can take many forms, from a fully flexible 'menu' approach to one that involves giving employees additional lifestyle-based options on top of traditional core benefits such as pension scheme membership and death in service entitlements. This can be anything from more flexible holiday entitlements to voucher-based loyalty schemes. Salary sacrifice is also a popular tax-efficient option for employees.
Moreover, flexible benefits allow more progressive companies to harmonise their benefits package across the workforce and offer greater choice to employees who are increasingly looking to improve their own 'work/life balance'
With its knowledge of the market, Jacobs Financial can assess and obtain the best flexible benefits package for your company.
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