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Employee Benefits in the UK: Unlocking the Perks of a Happy, Productive Workforce

Empuls

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

Taxable examples of fringe benefits might include: Gym memberships Moving stipends beyond the actual moving cost Personal use of a company car Frequent flyer miles when converted to cash Certain life insurance payments Information like this can come as a shock. Overspending on benefits is a surefire way to sour the experience.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

If you are a leader or HR professional, you know how important benefits are to the modern workforce. It's no secret that employee benefits are an excellent employee retention strategy. In fact, 51% of employers said that the use of benefits as a retention tool would become even more important in the next 3 to 5 years.

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7 Noteworthy Fringe Benefits for your Workforce in 2020

Vantage Circle

But, there’s also a list of few tax-exempted fringe benefits that you can consider for curating a lucrative employee benefits plan. Here, are some of the tax-free fringe benefits and why you should count them in your employee benefits package. Employee Health Insurance Benefits.