11/3/2022 0 Comments Caboodle case![]() #CABOODLE CASE HOW TO#We’ve written about this before in an article about communicating employee benefits, including quick and actionable tips on how to improve benefits communications and boost engagement. If employees are fully aware of how their benefits work, the company will get a more accurate picture of how effective their benefits are and most importantly how popular they are. If employees aren’t utilising their employee benefits because they don’t know their value this may hinder the business when deciding which benefits to introduce, remove or improve. The benefits on offer are becoming increasingly important in candidates’ decisions on joining a new company.Įqually, a more valuable employee benefits package that has a real, tangible benefit for the employee and even their family can make a huge difference.Ī better insight into the benefits that work If, for example, employees know the value they can get from flexing up their life assurance through flexible benefits, and thus potentially saving on sourcing life insurance elsewhere, they’re more likely to utilise it and gain the benefit from it.Ĭommunicating the value of your employee benefits effectively with both your existing employees and new candidates can both improve recruitment and retention. It sounds simple, but if employees know more of the value of the benefits available to them, they’re more likely to use them and get the benefit of them.įor benefits like salary sacrifice schemes, this can even translate to increased tax and NI savings for the employer.įlexible benefits are a great way to personalise the employee benefits experience for employees.Įmployees can essentially choose which benefits they want to take advantage of the most and tailor their benefits to them.įlexible benefits are hugely valuable, and so communicating their value effectively is incredibly important. Whereas, with more effective communication benefits could be utilised more effectively by employees and the employer benefits from a more realistic view of how popular their benefits really are. ![]() If the value of your employee benefits isn’t communicated, they may be underutilised and eventually cut from your benefits offering. ![]() Here are just a few of the most important ones.Ī more realistic perceived value of employee benefitsĬommunicating the value of your employee benefits package better aligns the perceived value your employees have with the actual value of the benefits you provide.Įssentially, don’t undersell your employee benefits! It’s also important that employees understand the true value of their benefits package.ĭo your employees know how valuable your Bike to Work scheme could be to them? Or even how valuable an enhanced Life Assurance benefit, flexed up through flexible benefits, could be and how much money it could save them?Ĭommunicating the value of employee benefits has many advantages. ![]()
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