Employee Benefits
FEBRUARY 21, 2024
The extent of the savings will depend on an employee’s salary , with annual savings of £457 for employees on average earnings of £35,400 and £754 for employees earning over £50,270 per annum. So, employees should see an increase in their monthly net salary. Is it all good news? Unfortunately, the answer is no.
Employee Benefits
FEBRUARY 22, 2023
Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?
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Employee Benefits
APRIL 22, 2024
Employers should ask employees about their financial pressures to understand how to support them. A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag. In order to combat this, how can employers help manage employees’ financial pressures ? This could add further strain to employees.
Employee Benefits
AUGUST 22, 2023
UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. Therefore, it’s vital to familiarise yourself with the core pension obligations for both employees and employers. Here’s the breakdown.
Employee Benefits
FEBRUARY 14, 2024
The UK government plans to increase the retirement age from 66 to 67 by 2028 and 68 by 2044, with experts believing it may eventually rise to 71 (Workplace Wellbeing Professional). With the retirement age continually increasing, many UK employees rely on their salary for longer.
Griffin Benefits
MARCH 22, 2022
through 2028. Our HR Technology Specialty Practice experts are well-versed in helping employers navigate this ever-evolving landscape of HCM technology. Our HR Technology Specialty Practice experts are well-versed in helping employers navigate the ever-evolving landscape of HCM technology.
Empuls
JANUARY 29, 2024
Employee retention trends predict the future of work—the anticipated patterns influencing how employers can maintain their workforce, enhance loyalty, and increase competitiveness. Simultaneously, the marketplace for AI technology is on an upward trend, expected to hit a staggering value of a trillion dollars by 2028.
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