Attracting and retaining: the role of flexible benefits
Recruitment and retention of good, skilled staff is a challenge for most employers, whatever the sector and whatever the economic climate. This has led to the increasing importance of having a reward package that is as attractive to existing staff as it is for new.
Flexible benefits
To respond to these changes, many employers are giving serious consideration to the adoption of flexible benefit schemes. This is a method of providing a range of benefits to employees and allowing them to build a portfolio of benefits to suit their own personal circumstances. The power comes from the control that it gives to employees and the change of focus that it creates; away from the cash element of a package to the value of the total reward.
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