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Flexible and online benefits
We now have four generations in the Irish workforce for the first time. We also have an ever changing dynamic in the workplace with flexible working, dual income families and a growing international workforce. This brings a multiplicity of needs when it comes to developing a relevant, engaging and valued benefits package. To draw a simple conclusion from this, the one-size-fits-all approach to benefits is no longer fit for purpose. Employers are looking to the Flexible and Online Benefits model to help make their benefits more relevant and appealing to their workforce.
As a result, the role of the employer has changed. The continued shift from state and employer funding to a co-funding approach between employer and employee is accelerating the need for more flexibility and choice for employees. Consequently the demand for flexible and online benefits platforms has grown considerably in the Irish market.
The drivers behind the emergence of flexible and online benefits include benefit cost containment, providing access for employees to benefits information in one hub or portal, offering more choice and flexibility and having a robust technology and administration platform behind this to support the effective outsourcing of benefits administration.
Our proprietary benefits technology underpins our solutions. You and your employees will benefit from a single, market leading portal that delivers a unique, user-friendly employee experience that drives awareness, understanding and appreciation of their benefits and reward.
Our online and flexible benefits solutions include:
- Flexible benefits feasibility studies
- Outsourced benefits administration (enrolment, changes, provider reporting and HRIS/Payroll administration reporting)
- Online total reward statements
- Benefits content
- Voluntary benefits
- Risk benefits
- Health insurance benefit administration, upgrades, multiple providers
- Pension choices – contribution levels, AVCs and investments
- Employee wealth programmes - stock plans, savings plans, holiday savings funds or Christmas plans
- Financial education module
Our expert team are on hand to work with you every step of the way to evaluate your current offerings, and devise a comprehensive and engaging flexible benefit package that is strategically aligned, cost-effective, efficiently administered and well communicated to your staff.
To discuss the value of offering financial education to your staff, contact us at [email protected] or speak to one of our friendly staff by calling 122666267.
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