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Flexible Benefits: Creating competitive advantage

Flexible Benefits: Creating competitive advantage

Author: Philip Hutchinson
Publisher: Chartered Institute of Personnel and Development
ISBN: 9781843982036
Published In: February 2008
Format: Paperback , 60 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
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Should you introduce a flexible benefits scheme into your organisation? How will it support business goals? What benefits will you offer? How do you go about building the scheme? Who should communicate and manage it? And how will you measure its success?

This is the second edition of a popular CIPD report. Written by Mercer, it looks at the key issues you need to consider in deciding whether flexible benefits are right for your organisation. It covers design, communication, implementation and administration factors, and takes in recent tax and legal developments.

The report looks at issues such as:

- the advantages of flexible benefits for employers and employees
- the importance of a feasibility study and what it should include
- developing a design strategy
- approaches to sourcing individual benefits
- whether or not to include pensions
- how to brand your scheme and communicate it to staff
- what's involved in administration and reporting
- questions to ask when considering outsourcing.

Benefits for you:

- an insight into the experiences of three case study organisations
- guidance in building a business case for flexible benefits
- an outline of a structured approach to scheme implementation
- a look at how flexible benefits schemes are likely to evolve in the next few years.

Case Studies:

- BlackRock
- First direct
- IBM
1. What are Flexible Benefits?
2. Building a Business Case for Flexible Benefits
3. Strategy and Design
4. Building the Flex Scheme
5. Pensions and Flexible Benefits
6. Tax and Employment Law Issues
7. Communicating, Branding and Launch
8. Management and Administration
9. Installation, Implementation and Outsourcing
10. Where Next for Flex?
11. Are you Ready for Flex?
'If your company hasn't yet leveraged its benefits package by the use of a Flex plan, this report provides one of the clearest insights I've read into what's involved and how you decide what sort of plan would suit your organisation, then gives clear guidance on how to get it up and running. Flexible benefits isn't a nice to do, it's a must do, and this report is essential reading for those seeking to improve the attractiveness of their package.'
Paul Bissell
Head of Rewards
Nationwide Building Society