Flexible Benefit Consultants

Give your employees the freedom to choose the benefits they will value most

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What are flexible benefits?

Everyone has different needs – and throughout their lives, these can change. A flexible employee benefits strategy allows employees to create a personalised package of benefits to suit them, often organised by a flexible benefits portal that does the heavy lifting.

A flexible employee benefits solution can deliver more value than a traditional one-size-fits-most solution – and can increase employee engagement by providing tailored services. A flexible employee benefits arrangement could include Dental insurance, Childcare vouchers, Gym membership or enhanced pension payments for example.

Why introduce flexible benefits

A successful Employee Benefits strategy can set businesses apart from their competition. It’s an opportunity to show employees that they are valued, to increase engagement and even provide tailored services for executives.

Our Workplace Consultants can deliver the implementation and ongoing communications support to ensure your investment is valued by your employees. With increased employee engagement on an ongoing basis, companies see a return on investment through improved retention and productivity.

  • Meet your business objectives – Increased employee engagement, healthier employees and lower employee turnover are just some of the benefits to an effective flexible benefits strategy.
  • Stand out in your industry – A successful Employee Benefits strategy sets businesses apart from the competition and stand out to top candidates. Attract and retain talent in your company with benefits beyond their salary. Our Workforce Demographic Analysis can help you find out how you compare to your competitors.
  • Take care of the admin – When you’ve chosen the suite of benefits you want to offer, we can help you set up and roll out your own branded Flexible Benefits portal which handles your benefits administration.
  • Easy to access and understand – With your flexible employee benefits in one place, we can assist with communicating benefits and run financial education sessions to ensure employees understand their valuable benefits.

 

Our flexible benefits process

What a business wants to include in the flexible benefits offering will depend on what your employees will value. Simply offering a large range of benefits isn’t cost-effective and can be difficult to manage, which is why our flexible benefits consultants take the time to learn about your business and its employees:

Why choose Wren Sterling to support with your flexible benefit strategy

  • 450+

    businesses as clients

  • 600+

    Workplace Schemes advised on

  • 80,000+

    employees supported

Correct as of September 2024

Speak to our experts

Talk to us about your flexible benefits strategy and what you want to achieve.

Flexible Benefits FAQs

  • What can flexible benefit schemes include?

    What can flexible benefit schemes include?

    A flexible benefits scheme can contain many different options, but popular choices include Group Health and Life insurance, Dental Insurance, Childcare and Optical vouchers, Gym membership or event additional pension contributions.

  • Are flexible employee benefits a legal requirement?

    Are flexible employee benefits a legal requirement?

    Flexible employee benefits are not legally required. The only mandatory benefits are Holiday pay, Statutory Sick pay, Maternity/Paternity leave and a Workplace pension (for eligible employees). Employers can choose to offer other voluntary benefits.

  • How can you choose the right flexible benefit scheme?

    How can you choose the right flexible benefit scheme?

    How a business decides which benefits to offer will depend on the business’ goals, budget, and their employees needs. This is where our Workplace Consultants can help. With their experience, they can help you focus your thoughts, create and implement a suitable flexible benefits package, and communicate this to your employees.

  • Can flexible benefits motivate your workforce?

    Can flexible benefits motivate your workforce?

    We believe your people are at their best when they’re able to focus. Flexible benefits can help employees address issues affective them at home, like health concerns or childcare provision. Giving your employees the freedom to choose their benefits can help them take control and improve their general wellbeing so that they can be more focused at work.

  • Why are flexible benefits important?

    Why are flexible benefits important?

    A successful Employee Benefits strategy can set businesses apart from their competition. It’s an opportunity to show employees that they are valued, to increase engagement and even provide tailored services for executives.

    • Meet your business objectives – Increased employee engagement, healthier employees and lower employee turnover are just some of the benefits to an effective flexible benefits strategy.
    • Stand out in your industry – A successful Employee Benefits strategy sets businesses apart from the competition and stand out to top candidates. Attract and retain talent in your company with benefits beyond their salary. Our Workforce Demographic Analysis can help you find out how you compare to your competitors.
    • Easy to access and understand – With your flexible benefits in one place, we can assist with communicating benefits and run financial education sessions to ensure employees understand their valuable benefits.
  • Are flexible benefits taxable?

    Are flexible benefits taxable?

    Unfortunately this depends on your financial situation and the benefits you receive. It can be a complex calculation, which is why we recommend speaking to a Financial Adviser.