A total of 59% of human resources and finance personnel are reluctant to offer flexible benefits, according to employee benefit and pension consultancy Xafinity Consulting.
Only 56% of companies provide flexible benefits although 95% believe they would suit their company. Around 45% of industry professionals say they would help to recruit, retain and motivate staff. Those reluctant to offer flexible benefits cite complexity, cost and resources as the main barriers. Almost 20% cite a lack of resources as the single biggest factor against flexible benefits. Pat Wynne, director of Xafinity Consulting, says: “Flexible Benefits are not only an integral part of the recruitment process, but they are also instrumental in attracting and retaining the best talent i...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes