The traditional benefits format involves employers giving standard benefits to their employees. This is tantamount to ALL employees receiving, let’s say, 15 vacation leaves, 15 sick leaves, medical insurance, and group life insurance. Problems with this set-up? Among others: it might not be responsive to what the employee needs, there is a considerable cost factor when adding new benefits, and usually, the benefits included in the standard line-up do not really add much value in terms of exciting or motivating employees.
Flexible Benefits can change all that. It simply gives the employee the power of CHOICE. Employees under this scheme CHOOSE the benefits they need and want, eliminating unused benefits items, making the program so much more responsive to EACH employee’s particular situation. Maybe best of all for employers, the program does so at no significant increases to the benefits budget.
The STORM Approach
Testimonials