Flexi-benefits find more takers among employers, employees: TeamLease study

Only 10-15% of salary, flexi-benefits carry perceived value of 42% of package for employees

Flexible benefits (or flexi-benefits) are fast gaining traction among employees and employers alike as a critical component of compensation packages, finds the latest report by TeamLease Services.

So much so that though flexi-benefits such as health/wellness plans, maternity/paternity benefits, performance bonus and stock options form 10-15 per cent of salary, they carry a perception value of 42 per cent of compensation packages for employees.

"While they form a smaller portion of the overall package, features like tax exemption and higher take-home component increases perception value of such flexi-benefits," said Sonal Arora, vice president of TeamLease Services.

Covering the changing dynamics of