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Employee Benefits: A Key Part of Job Compensation

Money Talk

During this “Great Resignation” era when many workers are changing jobs or considering a job change, it is more important than ever to consider various types of employee benefits and their economic value. Also known as “fringe” (short for fringe benefits) or “perks.” health insurance) ¨ improve employee morale (e.g.,

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Exclusive: Central Co-op introduces electric vehicle salary sacrifice scheme

Employee Benefits

Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability. The scheme also includes insurance, maintenance, road tax, MOT, AA breakdown cover and a free home charger.

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FitFlop introduces salary sacrifice nursery scheme

Employee Benefits

Credit: Ritu Manoj Jethani/Shutterstock Footwear brand FitFlop has introduced a salary sacrifice nursery scheme for its 165 UK employees in order to help them save money on childcare fees. The post FitFlop introduces salary sacrifice nursery scheme appeared first on Employee Benefits.

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Pitchup launches bikes-for-work scheme for staff

Employee Benefits

Pitchup, an online booking site for UK and Europe outdoor holidays, has introduced a tax-free bikes-for-work scheme for its employees. According to Pitch Up, this will cut down on administrative time and offer better savings for its employees that include end of term surcharges.

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Buyer’s guide to home technology schemes

Employee Benefits

Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung. The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. They then pay back the voucher through net salary deductions over the agreed period of time.

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Philippa Cornish: How can reward and CSR strategies contribute to the levelling-up agenda?

Employee Benefits

At CAF, for example, we support major retailers in establishing community investment and engagement programmes, including distributing the funds generated by the plastic bag levy. Through their reward offerings, businesses can involve employees in their CSR agenda, and in turn contribute to levelling up.

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