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12 months for a new bike – you would want to buy it at the point that it is needed. That’s where Anytime Enrolment comes into its own and enables you to go and get a new bike straight away. “When you find out you are expecting a child, your circumstances undoubtedly change dramatically. With Anytime Enrolment there is the freedom to take up Childcare Vouchers sooner rather than later, which would prove to be hugely beneficial.” There are also benefits for the employer: “Having Anytime Enrolment flexible benefits gives employees a more compelling product or benefit to working for a particular company, and demonstrates that the employer understands the needs of employees’ flexible lifestyles.” As Anytime Enrolment gains a foothold, the next natural step is to house all benefits in one place that is easily accessible for employees. “We are currently working to establish a one-stop-shop in Portal, where employees can manage all of their benefits,” Tim says. “At the moment we have the ESP Portal where people can transact on their shares, we have Shareview, which shows the
ordinary shares that we hold, and we have the Flex Portal for making flexible benefits choices. And so what we are trying to do with Portal is bring in an over-arching website linking all of these applications together. Along with that would come a total reward statement and pensions statement that would enable employees to get a really good picture of what their complete package is, working for their company,” Tim says. “Our benefits portal has huge scope for growth over the next four or five years. It’s something that we are investing heavily in and will continue to add to, which helps to make it constantly more appealing for staff. We are looking at all sorts of elements, spanning from HR services and payroll all the way through to financial education and things outside of the employee sphere in terms of linking personal bank accounts and mortgage information, which would help to make it a one-stop-shop for employees’ full financial planning. There is a significant piece of compliance work to do around this but it is something we are working on. It is an exciting time for flexible benefits.”
“As your circumstances change, you can tailor your benefits to suit you”
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