In January Lorica will launch a new fixed cost flexible benefit product aimed at small and medium enterprises (SME).
Cube Uno, the sister product of Lorica’s flex solution Cube, will comprise of seven pre-populated benefits, total reward statements and a discount scheme with around 600 discounts available to employees.
The Cube Uno platform can be built, distributed and implemented in 48 hours and will cost employers £5 per employee per year regardless of company size.
Aimed specifically at the SME marketplace, the pre-negotiated benefits are childcare vouchers, bikes for work, critical illness cover, private medical insurance, medical cash plan, dental cover and leisure travel insurance.
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The total reward statements will be live on the Cube Uno system, but employers will also be able to print them, or email a hard copy to staff.
Tobin Murphy-Coles, director flexible benefits and marketing Lorica, said: “Our research shows there is a strong requirement for employee benefits technology, particularly around total reward statements and the provision of benefits via technology, in the SME space.
“It has been recognised now that SMEs have a big part to play in benefits provision, and for the first time the marketplace is starting to think about how benefits are distributed into SMEs.
