Employee Benefits

NOVEMBER 30, 2023

What are home technology schemes ? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung. The cost implications of the schemes are minimal for employers.

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Employee Benefits

JULY 25, 2023

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. While this scheme is designed to encourage people to save for their future, they can opt out if they choose to. Is it user-friendly?

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Employee Benefits

MAY 29, 2023

It is quite natural for us to focus on salary. This can lead to higher job satisfaction, engagement, and productivity. For example, deductions for childcare vouchers or for a salary sacrifice car arrangement are made from pre-tax salary, which means that the money is not subject to income tax and national insurance.

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Employee Benefits

JUNE 28, 2023

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees.

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Employee Benefits

AUGUST 14, 2023

Credit: TreasureGalore / Shutterstock.com Scottish Opera and the Royal College of Physicians and Surgeons of Glasgow have introduced a financial wellbeing scheme in order to support their workforces. The scheme provides staff with a comprehensive service to improve engagement at all levels while also increasing financial literacy.

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Employee Benefits

JANUARY 10, 2024

What types of schemes are available? There are a variety of corporate gym membership schemes on offer. Meanwhile, Epassi UK, formerly Incorpore, has two types of corporate discounted memberships: voluntary scheme MyGymDiscounts.co.uk and GymFlex, via salary deduction. and GymFlex, via salary deduction.

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Qandle

SEPTEMBER 20, 2023

Payroll Taxation: Payroll taxation refers to the process of collecting taxes from employees’ wages or salaries by employers and remitting those taxes to the appropriate government authorities. Both employers and employees usually contribute, with a specified percentage deducted from the employee’s wages.

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Employee Benefits

MAY 17, 2023

Interest in employee ownership and share schemes is increasing from employees. These schemes can be a great motivation and engagement tool by giving employees greater involvement in the business. The risk of demotivating employees can be mitigated by granting options in most share schemes, so if the value goes down they incur no loss.

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Enjoy Benefits

MARCH 10, 2023

If you’re looking to replace or upgrade your tech, the Enjoy Benefits Technology scheme enables you to buy the latest kit whilst saving money. Interest-free payments are spread across 12 months and deducted monthly from your salary. To find out more about the Technology Salary Sacrifice Scheme , get in touch today.

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Employee Benefits

FEBRUARY 21, 2022

Salary sacrifice schemes mean this can save companies money, and make electric vehicles affordable for staff. The most attractive option for employers looking to make electric vehicles widely available to their whole workforce, rather than as an exclusive benefit for certain people, is likely to be through a salary sacrifice scheme.

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Enjoy Benefits

MARCH 10, 2023

Leased Car Scheme helps with motoring costs The Covid-19 pandemic raised key questions about the time, money and health costs of commuting. The Enjoy Benefits Leased Car Scheme can help by offering an affordable way to have a new car. The Enjoy Benefits Leased Car Scheme can help by offering an affordable way to have a new car.

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Employee Benefits

MARCH 19, 2024

If you’re questioning why we’re bringing financial wellbeing to the workplace, here are two reasons: 62% of employees experiencing financial worries believe they are less productive. SmartPay is a cost-neutral salary deduct scheme that enables your employees to spread the cost of the things they need.

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Empuls

SEPTEMBER 28, 2023

The employee discount scheme in the UK is generating quite the buzz in the market and for all the right reasons. 78 percent of employees agree that the benefits package, including discount schemes, helps them accept or reject a job. One of the most successful of them is using discount schemes.

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Empuls

APRIL 28, 2023

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. What are employee benefits?

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Employee Benefits

FEBRUARY 26, 2024

An essential part of employee retention strategies, employees with a good balance between home and work are… More efficient, productive, and motivated. Green Car Scheme – tax and NIC savings for employer and employee. SmartPay – helping employees avoid credit cards and loans through salary deduct. Less stressed.

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Vantage Circle

JUNE 16, 2021

An employer can choose to pay it directly or indirectly along with their salary and bonuses. It depends on the employee's salary package and also the overall revenue generated by the company. Most of the companies offering a profit-sharing scheme follow one of the following approaches. What are the Approaches to Profit-Sharing?

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Global People Strategist

FEBRUARY 12, 2019

– This aspect of the proposal applies to companies certified as sustainable or ecological and who grant annual salary increases to all employees, equivalent to increase in productivity. 25% additional from deductible expense to those who train employees within a special economic zone applicable against income within the zone.

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Bayzat

JULY 26, 2023

Your HR and finance team can then manage payment information, including salary information and contract types. Employees don’t want to face issues with salary. If you pay salaries accurately and on time, your employees will be happier. The legal complexities within UAE mean that the region doesn’t: Have a minimum payable salary.

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HR Digest

FEBRUARY 20, 2020

Smaller companies don’t need to match salaries with large corporations. If the retirement plan is based on profits, the policy will encourage employee motivation as well as their productivity. The employer is subjected to a current tax deduction for making contributions to the retirement benefit plan.

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Hppy

JULY 25, 2023

Short Summary Employee discount programs provide mutual benefits for employers and employees, offering discounts on products/services such as gym memberships, travel deals & more. Employers should assess employee needs and preferences to choose the right program with customization options that aligns with company values.

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