Flexible Benefits

Organisations today need to attract, motivate and retain talent at a time when salary boosts are not a viable option. Flexible benefits and a clearly communicated total reward package offer a creative, personalised, cost-effective way in which to attract, motivate and retain employees, without huge increases in the wage bill.

MidlandHR have partnered with best of breed flexible benefits solutions provider, Staffcare, to offer a fully integrated benefits management solution. Employees are able to access a portal for benefits data in an easy to use website which provides them with a concise view of their total reward package together with employee handbooks, financial guides and interactive planning tools.

The flexible benefits solution enables organisations to flex a huge array of benefits, most typical being: pensions, child care, dental care, buy/sell leave schemes, private medical and critical illness cover. The application enables employers to transform their current benefits package to one where employees are able to make informed choices about their reward package.

Flexible Benefits allows organisations to:

Enable employees to tailor benefits to suit their lifestyle and needs
Recognise the diverse needs and values of the workforce
Promote employee understanding and appreciation of their benefits package
Make the most of tax and NI breaks
Reinforce the concept of total reward

Flexible Benefits application features include:

Total reward statements
Benefits portal for selections
Content management tools for scheme handbooks
Full integration of data from payroll, HR and benefit providers
Benefits aggregation from different providers in a consistent format
Contribution schedules and management reports
Pension fund monitoring and financial guides
Interactive benefit modelling

MidlandHR’s iTrent solution can be delivered as HR and payroll outsourced services, cloud-based software as a service or as an on-premise software solution.