Benefit plans are flexible packages that allow the employee to choose both the benefits and coverage levels that best suit their specific needs each year. The money, points or credits, the company gives each employee to be spent on benefits are calculated each year (or whenever there is a significant change in your life, such as the birth of a child or a promotion) through a formula that can be a function of one or more variables: family status, cost of the old salary, seniority, performance, etc..
For companies, flexible benefit plans are dynamic, as the products and services offered may vary each year. Also, maximize the appreciation of the employees because they get benefits or services at lower costs with respect to market, distribute their benefits according to the needs of each year, or change over time, and know the specific cost of them understand and appreciate the effort of the company.
They also allow cost control, as there is greater control over their increments. In short, flexible benefit plans are an important competitive advantage to make a tool to attract and retain talent.
Some plans cover not only benefits but also other elements of remuneration: learning and development or working environment. There are even companies that have already begun to design flexible total compensation plans where the employee can design it how you will receive what the company will spend on it. In these plans, the employee chooses what he wants as a reward in cash, you want the benefits, training or leisure.
Intranets are especially useful for the development of these plans in large firms. Intranet Unadecuado approach can help to manage more efficiently the flexible benefits program, as it not only managed, in an efficient program, but will be a useful tool for internal communication.
Using the Intranet, employees will learn how the program works, they will have information about each of the services involved, their coverage, cost, etc.. The site may also include the possibility that employees perform simulations of benefits (such as the provision for estimated retirement benefits under various scenarios of the employee’s contribution or savings).
In addition, each employee can actively participate in the program through the site, choosing not only benefits, simulators and seeking information, but also ideas and suggestions: do what you like, what features you want to add …
Each year, the system will process the individual information of the plan obtained by the employee Intranet and they made their choices of inputs and levels of coverage through it. Elections for each employee will be collected by the system and the latter process, producing information that each individual employee may confirm, once more, through the Intranet.
And every time you have additional information on the pattern of interest, can be added to the site: changes in suppliers, new options … Everything that is interesting for the employee.