Thomsons Online Benefits‘ 2008 Employee Rewards Watch survey showed, that the number of companies who had implemented a flexible benefits package had increased to 23.91%. This had increased from the 5% who had a flexible benefits scheme in 2004. In addition, over a quarter (25.27%) were considering the implementation of a flexible benefits scheme in the next calendar year.

Of the 755 UK employers who responded, a 63.19% majority believed that their reward strategy was effective in meeting the objectives of attracting and retaining talent, driving better business performance and driving better individual performance.

The survey also showed that 20.71% of respondents used web based employee benefts software, up nearly 12% from last year.

Thomsons Online Benefits currently use Peoplevalue’s Advantage voluntary benefits platform as a part of their flexible benefits packages. For the full report, click here