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What is Flexible Benefits
Flexible benefits allow employees to choose the benefits that best meet their individual needs and preferences. With flexible benefits, employees are given a certain amount of benefit credits or a flexible spending account (FSA) that they can allocate towards a range of benefits.
This type of benefits program provides greater flexibility and control for employees, and can help employers manage benefits costs while attracting and retaining top talent.
Why You Need Flexible Benefits?
respondents see a huge demand for flexible benefits solution in their company
Ref: GUM Flexible Benefits Survey 2022
respondents believe flexible benefit solution can help to retain staff
while 61% believe flexible benefit solution would be an employer branding differentiator for recruitment purpose.Ref: GUM Flexible Benefits Survey 2022
No extra budget and resources
to acquire vendors, keep track the usage and claims are the two major hurdles respondents encountered.Ref: GUM Flexible Benefits Survey 2022Flexible Benefit Program Can be Fully Customised
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