article thumbnail

Buyer’s guide to car salary sacrifice schemes

Employee Benefits

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?

Salary 98
article thumbnail

How to Improve Employee Engagement in the Manufacturing Industry?

Empuls

At the moment, manufacturing companies are dealing with many challenges such as labor shortages, skill gaps, high turnover rates, and more. To soften these blows as much as possible, employee engagement in the manufacturing industry becomes critical. Manufacturing jobs can be physically demanding.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Michelin guarantees global living wage and enhances parental and healthcare benefits

Employee Benefits

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.

article thumbnail

3 Surprising Benefits Of A Salary Sacrifice Scheme

Employee Benefits

The headline employee benefit in signing up for a salary sacrifice scheme is the potential for tax and national insurance savings, if you have the option of sacrificing a portion of your salary in return for pension contributions, ultra-low-emission vehicles, cycle-to-work schemes or employer-supported childcare. Flexible lease deals.

Salary 52
article thumbnail

Why It Makes Financial Sense For Your Business To Choose A Salary Sacrifice Car Scheme

Employee Benefits

The salary sacrifice car scheme offered by Pink Salary Exchange offers great benefits for both the employee and the employer. Pink Salary Exchange offer a scheme which can lead to significant cost savings for the business, and which can help to streamline operations and procedures in a more efficient way. Fleet Costs.

Salary 52
article thumbnail

Department for Education to offer teachers up to £6,000 incentive

Employee Benefits

The expansion to teachers working in further education, early years, building and construction, digital, engineering, manufacturing and transport engineering and electronics will see the existing levelling up premium payments doubled.

article thumbnail

Flexible working and its benefits are enjoyed most by highest paid workers

Workplace Insight

Low paid workers have the least flexible working, and the gap between the number of flexible workers on the lowest and highest salaries has increased in the last year, according to figures from the Flex for Life 2023 report from advocacy group Flexibility Works. Non-frontline roles are often office-based.