Introduce, manage and review a voluntary benefits scheme
Key points
A voluntary benefits scheme enables employees to access a range of discounted products or services, usually at little or no cost to the employer.
Employers can negotiate with individual suppliers or enter into a relationship with a provider.
Issues that employers will need to consider include: how the voluntary benefits scheme fits within the wider benefits strategy; details of the package to be made available; the launch; employee communication and engagement; and how success will be measured.
Employers operating a voluntary benefits scheme should carry out a regular review to check that it is fulfilling its objectives. This will allow them to make sure that the benefits being offered are relevant and being used by employees.
Voluntary benefits can be introduced alongside, or as a combined package with, flexible benefits.
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