Voluntary Benefits

Voluntary Benefits

If you would like to increase the range of benefits available to employees without making a major impact on your company costs, voluntary flexible benefits may be the answer.

This type of benefit is hosted by the employer and can be added to a scheme without any major financial repercussions. Employees can pay for the benefit through choice by using their own salary.

Some of the most common voluntary benefits include:

• Discounted shopping
• Discounted holidays
• Health Insurance plans
• Travel Insurance

These benefits offer advantages to both employer and employee. Employees gain access to a broad range of products and services that the employer has endorsed, at a better price than they would have obtained on the high street.

A greater number of organisations are using voluntary benefits to complement their flexible benefits schemes. They can be particularly useful for those companies who would like to set up such a scheme but do not have the budget to do so.