What are flexible benefits?

There are five generations in today’s workforce. Employers need to offer more employee benefits options to address their wide range of needs.

Flexible benefits help you better attract and retain top talent by allowing your employees to tailor their benefits to best suit them.

Read more in our blog post: https://www.peoplekeep.com/blog/what-...

CHAPTERS:
0:00 - Introduction
0:28 - What are flexible benefits?
1:13 - Why should you offer flexible benefits?
2:03 - Examples of flexible benefits
4:36 - Conclusion

Flexible benefits are perks that employees can choose to participate in and customize according to their individual needs. In many cases, employees typically don’t pay extra to receive these perks. Flex benefits can be adapted to cover things that matter most to employees.

Employers can choose to offer flexible benefits plans on a reimbursement basis. With this setup, employees receive a monthly or annual allowance, such as a lifestyle savings account, and pay for the products and services of their choice. Employers then reimburse them for the cost.

PeopleKeep is the leader in personalized employee benefits administration software. We make it easy to create and manage your employee benefits and perks, such as HRAs and stipends, in minutes.

Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.

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