What is an employee benefits platform?

There are many aspects to developing an employee benefits scheme. First you need to outline your needs – number of people to be included, budget, logistics and benefits required, for example. Careful planning is essential in order to create a benefit scheme that provides optimal benefit to employee and business.

Many businesses choose to work with independent employee benefits brokers, like Engage Health Group, as we can answer all their questions about the process and guide them through all the stages required to create a benefits package which fulfils key business objectives.

Employee benefits platforms have become an indispensable part of the set-up and management of benefit schemes.

There are now so many platforms available (see section above) and each has its own strengths and weaknesses. Or, more accurately, best use cases. We’ve helped connect a wide range of companies to platforms which best address their requirements. There is no one solution which best supports all business types, but there will be one that best supports yours.

Flexibility is at the heart of any good employee benefits platform. The degree of flexibility and personalisation will vary depending on the provider. 

For example, if you have a health insurance plan you can set a qualifying period. i.e. an employee has to work for the company for 6 months before they can access it – and this can easily be set-up within the system so that it automatically kicks in once that time is reached.

A flexible benefits platform also enables you to set rewards or allowances according to your budget.

For instance, as a company you could set a fixed cash value for each employee – and they get to spend that allowance on the benefits which they want most on the platform. This could include, learning an development opportunities, gym memberships or even extra holiday entitlement.