Flexible Benefits & TRS                                   

Advantages to your Employees

• Benefits we can Flex

  • Holidays

    • For instance, you may wish to allow employees to buy up to another 5 days holiday each year

    • Or, they could sell you holidays if they don't want to take all their entitlement

    • All the calculations and permissions are handled online - no paperwork!

  • Pension Contributions

    • Allow staff to trade pension contributions against other benefits

  • PMI

    • Individual or Family Cover, let your staff choose and pay for the cover they really want

  • Cash Plans

    • Starting from as little as £1 per week, the low-cost way to provide Health Benefits for your Staff

  • Life Cover & Protection

    • DIS - If they have children they need lots of life cover, if they don't they probably don't need so much

    • Income Protection

    • Dental Cover, Optical Vouchers, Health Screening

    • Critical Illness Cover

• Discount Vouchers (either Online or via a Company Discount Card)

  • your staff can buy thousands of items and services cheaply without any admin to your company

  • Can be run 'stand alone', so even if you don't offer conventional staff benefits you can offer discount vouchers

    • Travel

    • Leisure

    • Home & Family

    • Gifts

• Salary Sacrifice, pass on National Insurance Savings

  • Pensions

    • Fundamental to any benefits package, see the separate section on it

  • Childcare Vouchers

    • £55 per week of tax-free child-care

  • Bikes for Work

    • You've probably never heard of it, but it is a great tax-saver

• Total Reward Statement TRS

  • Give a total 'heads up' on all benefits and what they are worth

    • Why pay for staff benefits if they don't know and appreciate what they are getting?

  • See Total Reward Statements section for more details

• Online information and facilities

  • View & amend personal details

    • When your staff move house, for instance, why waste time and money handling the admin?

      • They can go online and sort it themselves

  • Report absence, book holidays

    • Saves you money whilst empowering your staff, and makes it much more controllable

  • Full information on all the benefits package available

    • Scheme booklets online on all benefits

    • Employee Benefits Handbook available online

  • Pension Forecasting and ability to Consolidate Pensions

    • Professional pension planning made easy

  • Simple, easy to understand, statement of likely pension worth and retirement income

    • 'What If' scenarios

      • For Instance:- How much do I have to contribute to my pension to retire on £25K pa

  • Financial data, calculators, links

  • Info on Tax, including Car Tax

  • State Entitlements

    • See what you get from the state when you retire or are ill

  • Personal Finance

    • Information and help in sorting out mortgages and personal finances

  • Web-based, so your employees can access the system at work or home

Advantages to your HR & Finance Team

• Full training provided to your staff

• Migration of Data done for you

• System integrates with HR & Payroll Systems

• You can publish scheme booklets and company directories online

• TEBC's Staffcare solution offers:

  • Centralised, accurate data

  • Instant access to all employee data, including historic data

  • Streamlined management of joiners and leavers

  • P11D output data

  • Payslips produced and viewed online

  • Reduced employee queries to HR and Finance

  • Reduced overheads and admin

  • Individual and Group emailing facilities

    • Keep in touch with your staff easily

  • Can be used as a Company Intranet

• Flexible Benefits

  • Can easily control scheme benefits package

  • Allow individual configuration of employee benefits

• Potential Joiners

  • Give them access to scheme data

    • So they can view the benefits they will enjoy if they join

  • Telephone and email advice and support available to them from us

  • A huge aid to recruitment

• Absence Management

  • Employees apply for holidays online

  • Managers approve/disapprove it online

  • Employees also report sick days online

  • Full holiday and sick day analyses for HR and Management

  • Or, they could sell you holidays if they don't want to take all their entitlement

• Excel Spreadsheets

  • Forget what they are! You need never produce another one again!

• Web-based, so you don't host, maintain or have to fix, the system

Are Flex Benefits suitable for your Company?

• We can flex some benefits for companies of any size from 2 to 5,000 employees

• The more staff you have, the more benefits can be flexed and the lower the cost per employee of running a flex solution

• If you have a small number of staff we will probably run a manual flex arrangement for you

  • We do all the work, it doesn't give you an admin burden

  • Your employees will receive a customised hard-copy Employee Benefits Handbook explaining their benefits

• If you have more staff then we will probably put in an Online Staffcare Flex solution

  • This means your staff and FD / HR manager have full online access with lots of functionality

  • And we build in whatever functionality is appropriate for your organisation

  • So you get a fully customised Flex admin package

  • We can flex everything, or just a few things, so you only pay for what you actually want

• Even if Flex isn't suitable we can still run a full web-based admin system

  • So you get all the advantages above except for the ability for staff to change their benefits

• Before we put in any arrangement we will find out what you and your company really need

• Is Flex expensive?

  • No! Our Online Staffcare Benefits Systems means it may be a lot cheaper than your current benefits management

  • Some companies find that the cost-saving just from the absence management module more than pays for the system

                   Enquire about setting up a Flexi-Benefits Scheme

The Employee Benefits Consultants 

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Copyright © 2005 TEBC Ltd
Last modified: 20-May-2007