Analysis – Page 2
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AnalysisWhat would a future without salary sacrifice car schemes look like?
Need to knowThe government has said it is considering limiting the range of benefits available through a salary sacrifice arrangement.While providers are confident car schemes will not end up in the firing line, it is possible alternative models may need to be looked at.These could include affinity, employee car ownership ...
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AnalysisInfographic: What car benefits do organisations offer?
An infographic looking at the car benefits offered by respondents' organisations and the basis on which they are offered (Source: Employee Benefits/Xerox HR Services' Benefit research 2016, published in June 2016).Read more in What would a future without salary sacrifice car schemes look like?
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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AnalysisThe key announcements to take note of from the Budget 2016
Need to know:In the Budget 2016, the government announced the alignment of the national minimum wage and national living wage cycles.From April 2018, employer national insurance contributions will be payable on termination payments exceeding £30,000.The 0.5% apprenticeship levy will be introduced from April 2017 as planned; this will only impact ...
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AnalysisHow to reduce company car scheme costs and administration
Need to know:A joined-up approach to fleet, travel and expenses can identify potential cost savings and areas for policy optimisation.Focusing on mobility and total journey cost can help determine the most appropriate means of travel.Data connectivity between employers and providers can enhance efficiency and help to control costs.Company car schemes ...
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AnalysisHow to engage staff with company car schemes
Need to know:Pre-launch communications can help build momentum around company car schemes.A comprehensive, sustained communications strategy can drive continued engagement with cars as a benefit.Tailored communications can ensure that all staff are aware of company car schemes and the value they can provide.Offering employees access to a car through their ...
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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AnalysisBuyer’s guide to computer salary sacrifice schemes 2016
The factsWhat is a computer salary sacrifice scheme?This is an arrangement where an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more ...
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AnalysisCan the government afford to get rid of salary sacrifice?
Need to know:Salary sacrifice arrangements are currently under review by the governmentSuch arrangements can be costly for government in terms of tax revenues but create valued tax savings for employers and staff.Organisations and workers could be demotivated if the government removed salary sacrifice arrangements all together.Find out more about all ...
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AnalysisInfographic: The use of salary sacrifice against the new national living wage
An infographic looking at how many organisations have considered the use of salary sacrifice against the new national living wage minimums (Source: Jelf Employee Benefits survey, conducted in November 2015).Read more about how the national living wage will impact reward strategies.
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AnalysisFive predictions for employee benefits in 2016
Need to know:April 2015’s pension freedoms have formed a gap in the market for bespoke pensions.Increasing pressure to publish pay data may lead to more employers doing so voluntarily.Technology and staff-driven benefits are likely to increase in popularity.Through 2016 and beyond, employee benefits will evolve as staff wants and needs ...
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Analysis
Fleet debate - 14: What are the key benefits of salary sacrifice car schemes for employers and staff?
If you read nothing else, read this…Salary sacrifice arrangements offer tax advantages and enable both employers and staff to save on National Insurance contributions.Many schemes include insurance and maintenance benefits, reducing the costs associated with running a car.Car salary sacrifice schemes can equip employees with newer, greener and safer cars.Colin ...
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AnalysisHow apprenticeships can help boost employee engagement
Apprenticeships are becoming an increasingly popular option for businesses, and it is easy to see why. They enable organisations to grow their workforce, providing highly qualified and motivated employees.A primary reason for employers employing an apprentice is a need to improve their skills base and boost their long-term business development ...
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AnalysisHow to breathe new life into car salary sacrifice schemes
If you read nothing else, read this…Refreshing a scheme will first require reassessing the initial principles for offering it.Car salary sacrifice schemes offer staff an all-inclusive package with a brand-new car, servicing and maintenance, road tax and insurance.Advantages, such as the ability to reduce their carbon footprint, need to be ...
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AnalysisHow employers are using data to inform flexible benefits schemes
If you read nothing else, read this…Employers can use flexible benefits scheme data to assess how well their scheme supports their organisation’s business objectives.But they need to ascertain from their flex providers and benefits consultants the range of data that is available on their scheme, plus the format in which ...
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AnalysisTop tips for boosting take-up of car salary sacrifice schemes
If you read nothing else, read this…Employers should have clear objectives for their scheme. Scheme risks include the early termination of contracts.Staff may be more engaged with a scheme that offers low CO2-emission cars .Offer a wide range of cars They can start by offering employees a wide range of ...
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AnalysisTop five tips for implementing car salary sacrifice
For employers that are thinking of implementing a car salary sacrifice scheme in their organisation, here are five top tips for getting it right.1 Be clear on your objectives This may sound simple, but many organisations move straight into the provider selection process without first being clear about their own ...
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AnalysisWhat the future holds for company car schemes
If you read nothing else, read this…Mobility and flexibility will be at the heart of future fleet schemes.Employers must be mindful of the cost-conscious Generation Y.Mobile apps will help staff service their vehicles while on the road. Mobility and flexibility will be at the heart of future fleet schemes, according ...
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AnalysisAre salary sacrifice car schemes worth employers' efforts to implement?
If you read nothing else, read this…Salary sacrifice car schemes offer staff access to a brand new car and ongoing support and maintenance in return for sacrificing a portion of their gross salary. Employers and employees can make big tax and national insurance savings. Scheme communications must highlight employees’ benefit-in-kind ...
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