Introducing Benefits Deck
Infinite Choice introduces it’s innovative “select and source” system, the most straightforward way to compare and contrast employee benefits that we know of….
We start by allocating current UK benefits and services to one of three main profiles for employee benefit package design: Core, Optional and Voluntary. Next, each product is market reviewed to obtain best terms for premium and benefit levels, and the reports are fully tailored to detail the critical information you’ll need to identify the most suitable benefits and services, as well as comparing each product within it’s peer group.
So at a glance, you can see what mix of products would make up a truly dynamic employee benefits package, whilst simultaneously evaluating against your chosen budget. Alternatively, you can select products that are the most tax efficient, or highly regarded in the workplace, or the most suitable for a flexible benefits regime….you’ll get the picture when we meet.
CORE
FUNDAMENTAL TO A GREAT BENEFITS PROGRAMME
These products provide core legislative and market standard coverage whilst an employee is working for the business.
Typically consisting of retirement planning, life assurance, disability insurance, private medical insurance and eye care assistance. Normally employer funded to provide the essential protection with optional trading functionality if required.VOLUNTARY
THE FINAL COMPONENT OF A GREAT BENEFITS PACKAGE IS USUALLY VOLUNTARY
Whilst the employer may fund the product set-up and manage the over-all implementation, the employee funds the purchase of any products or services linked to the host site. Examples of in-demand voluntary benefits are discounted shopping portals, childcare vouchers, bikes for work and charitable giving.OPTIONAL
AN OPTIONAL COMPONENT WOULD OFFER ADDITIONAL COVERAGE
The optional profile will offer products like private wealth clinics, holiday trading, critical illness insurance, dental insurance and health screening. Normally co-funded by both the employer and employee, with optional trading functionality if required.