For the fifth consecutive year, the optimisation of tax and national insurance (NI) breaks is the top way in which employers’ flexible benefits plans have been effective, according to the Employee Benefits/Towers Watson Flexible Benefits Research 2014.
This is closely followed by the positive impact of flex on staff engagement, which has continued to rise year on year. In 2012, 41% of respondents said their scheme had been effective in achieving this, rising to 53% in 2013 and 58% in 2014.
A further 33% of respondents in 2014 that have yet to launch a scheme or measure how their scheme has been effective believe it will improve staff engagement, which means 91% of respondents believe there is a link between flex and staff engagement.
Read more of the Employee Benefits/Towers Watson Flexible benefits research 2014