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Article: Voluntary benefits: voluntary benefits have proved a cost efficient way to get more benefits bangs for your bucks. (employee benefits.buyer's guide).
- Article from:
- Employee Benefits
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Most of the human resource and benefits community will see the increases in National Insurance (NI) announced in the last Budget as just another cost pressure. But for voluntary benefits providers it presents a marketing opportunity. As the pressure to reduce benefits costs increases, so voluntary benefits, which are cheap to implement and don't incur NI, may rise in popularity.
Not that voluntary benefits need much of a boost. The market has boomed in recent years, with employers attracted by the idea of enhancing the benefits they offer, for little or no extra cost. It therefore comes as a bit of a shock to hear that not everything in the world of voluntary ...