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BENEFITS STRATEGY
overview
flexible benefits
- services
standard benefits
salary sacrifice benefits
total reward statements
voluntary benefits
International benefits
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Voluntary benefits are where an organisation provides single or aggregated discounts to employees off various services such as insurances, theatre tickets and retail outlets. Typically these are provided to employees via an online site and supporting printed literature and then employees contact the provider direct to buy the services they want.
The employee pays for these services directly and so there is no further company involvement but if the employee does not find the service and fulfilment of the provider satisfactory this can be perceived negatively on the employer.
Vebnet is able to offer these benefits via its standard flex website functionality or help companies select the most appropriate party.
Vebnet differentiates its services by helping organisations understand the value of marketing techniques in this area. Simply, such services are not free and set-up fees are subsidised by small commissions on sales to employees over time. Understanding this dynamic helps employees prevent mis-selling and also ensure that super provider profits are shared back with the company. |
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