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The “Holy Grail” of employee benefits is to provide a range of benefits that actually match employees lifestyle requirements and that are are cost effective in the face of rising employment costs. The secret of recruitment and staff retention is for each employee to easily identify and appreciate their "Total Reward"
In a competitive recruitment market, being seen as an ‘employer of choice’ is key. Benefits can be less tangible such as working environment, opportunities to develop, and training. However, employees do value empowerment through choice and flexibility, this is why Flexible Benefits Programmes are increasingly relevant to the changing nature of today’s workforce. Flexible Benefits provide:
• Good communications that highlight the value of what is being provided • The ability for employees to choose, within defined limits, the benefits they want • Initiatives to help the work/life balance
However, fixed benefits may be more appropriate for the smaller employer. CCB regularly conducts reviews and provides reports upon clients' risk benefits.Typically these include:
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- Employee Assistance Programmes
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(Home Computer Initiatives, Childcare Vouchers, Ride to Work Schemes and Employee Assistance Programmes are not FSA regulated products) |