Today’s talent market is highly competitive, which makes attracting and retaining top talent increasingly challenging. As personalization, both in remuneration and mobility, becomes increasingly important, companies are looking to stand out by offering a more attractive and flexible, but still budget neutral, compensation package. Offering flexible rewards or cafeteria plans is a step in the right direction, but smart organizations take it one step further and offer their employees the freedom to tailor their package to their individual and shifting needs. This is where the Flex Reward Tool comes into play.
The platform has been designed to be used in a very intuitive way, helping to make the sometimes complicated world of flexible payrolls or mobility plans understandable for your people. With the Flex Reward Tool you can offer:
- Flexible Rewards: Employees can create budget, choose benefits and simulate the impact of their choices in the cafeteria plan in a user-friendly environment. The processes are fully automated to decrease the administrative burden for HR and your employee.
- Flexible Mobility: Employees can choose alternative mobility measures, create budget by downgrading their company car and see the immediate impact on their mobility budget and cash for car.
- Total Reward Statement: Our web-based tool provides your employees with a real-time view of their total reward package.
With the KPMG Flex Reward Tool you receive a customizable web-based tool that offers benefits both to your employees as well as your HR department, as it can be tailored to what you as an organization want to offer to your current and new employees. It takes into account the latest updates and helps you be compliant with the latest relevant legislation. This flexible reward plan can be up and running withing your company in a matter of months.
Why it's different?
What makes our approach different? Our reward team acts as your one-stop shop, specializing in HR, communication, IT, tax, social security and labor law. This way all bases are covered when implementing your flexible reward plan. In addition, the tool offers a high degree of flexibility as it can be tailored to the cafeteria plan of your organization and can be adapted based on the benefits you decide to offer to your employees. This way we customize our assistance to exactly what you need.
We start by defining your needs, work with you to implement the Flex Reward Tool and stay with you to support you with the communication and change process in your organization.
Need more information? Don't just take our word for it, the proof is in the pudding. One year after the implementation within KPMG, the results are clear.
Convinced? Click here to request your personal demonstration.
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