How to build a flexible benefits package in just a few steps

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How to build a flexible benefits package in just a few steps

Table of Contents

To know how to build a flexible benefits package it allows the organization to deepen the quality of its relationship with its employees. Consequently, adding more motivation, productivity and reputation to the brand. For this, it is necessary to complete the following steps:

  1. Open the game with the collaborators;
  2. Flex and assemble the benefits;
  3. Implement a system;
  4. Officialize the new system for employees.

Understand everything about the steps above in the next chapters!

To know how to build a flexible benefits package for the company it is a great asset to add more strategic value to HR.

And do you know why? This type of action consists of working well-being and quality of life staff. What is reflected in productivity, engagement and loyalty.

For the company, specifically, we will teach how to build a flexible benefits package in 4 steps because the investment is a differentiated posture, and with high value for its reputation.

Discover, at once, the benefits and why to learn how to build a flexible benefits package!

What are flexible benefits?

For a long time, the modality of benefits proposed by a company responds to a fixed, static structure. However, the market, in general, identified that the alternative has become outdated.

After all, individuals carry unique needs and goals, and the basic items of a closed package of benefits does not serve everyone in the best possible way.

Here comes the discourse that the promotion of the well-being of employees has been constantly discussed. And the flexibility of benefits it has already become a consolidated trend among brands in different segments.

What does the flexible benefits package consist of?

In short, it is the freedom of choice, of the employee, in identify what is best for him. Therefore, it is necessary that HR understand how to build a flexible benefits package and, thus, offer services that perfectly meet the average profile of the company's employees.

Some examples of this:

Among other possibilities that deepen the good relationship between management and motivation and engagement of its employees. Are we going to see other advantages in investing in this idea?

What are the advantages of building a flexible benefits package?

Mobility and flexibility competitive advantages have been shown for a company to develop, today, in the market. And know how to build a flexible benefits package can take your business to a new level, based on the advantages below:

However, before executing the ideas that we will see below, your company must take into account the legal implications of this benefit transition.

For example: UK residents legislation is strict in this sense, since it requires equal treatment for all workers – which reduces the immediate possibility that two or more people will have different benefits.

Resolving the issue, therefore, is very well linked to the elaboration of a Collective Bargaining Agreement. Thus, the definition of benefits – as well as the equivalent distribution system for employees – must be deeply thought out to guarantee the collective well-being.

Not to mention obtaining written authorization from each employee when the benefits in question imply discounts on the payroll – as stated in the art. 462 of the CLT.

It is also worth noting that the flexibilization of benefit plan from the company it goes through a series of planning stages, which is precisely why it should be a strategy adopted in the medium term.

How to build a flexible benefits package in 4 steps?

Now that we’ve explored the concept, the differentiators and the legal implications of knowing how to build a flexible benefits package, it is time to understand, in practice, how the process works.

Below, we highlight the step-by-step for its realization in 4 steps. Check out:

1. Open the game with collaborators

Understand the demand, needs, expectations and objectives their. This can occur through a satisfaction survey, performance evaluations and meetings between the teams, the results of which are passed on to the HR sector.

2. Flex and assemble the benefits

Maybe the most challenging stage. Because it is here that those involved must reconcile the results obtained in the previous step, with the budget available for the project. In addition to building benefits that are considered equivalent, avoiding the disorder mentioned in the last topic.

3. Implement a system

When planning how to build a flexible benefits package, the company should consider the model on which the entire system will be run.

For example: each employee has a score and the benefits correspond to a value. Consequently, professionals can distribute their points strategically.

4. Officialize the new system for employees

The best thermometer, for your company, is the employee satisfaction. So, when the planning process is complete, share the option with everyone.

In this way, adjustments are made in advance, without interfering with the development of the project and with the least possible number of unforeseen events in this transition between theory and actual implementation.

Finally, it is worth noting thatHuman Resources Director must be deeply familiar with labor laws. Thus, it is avoided that a good idea, capable of engaging and generating more value to the organization, becomes a legal problem.

Finally, we would like to make an invitation to you, who just accompanied us on this step by step on how to build a flexible benefits package: like our page on Facebook and also follow us on Instagram, Twitter and LinkedIn. Thus, you will be on top of other tips to further qualify your company and get closer to your most valuable assets!

Conclusion

HR Consultant UK can help if you have any questions about How to build a flexible benefits package in just a few steps
. Our HR consultant in London can assist you if you live in London. Suppose you live further afield thats not an issue! Visit our HR Consultants Near Me page to find the best consultancy nearest to you.
See you next time!

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