News – Page 2
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ArticleBuyer's guide to bikes-for-work schemes
What are bikes-for-work schemes?Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles.The schemes are usually offered via a salary sacrifice arrangement. It was introduced in the 1999 Finance Act to encourage employers to loan bicycles and cycling safety equipment ...
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ArticleBeverley Hamblet-Bowes: How do you encourage employees to use green commuting options?
Sustainability is important for us at Nominet; we are committed to reducing the negative impact our business activities may have on the environment and lowering our carbon emissions through our carbon reduction plan to support our net-zero 2050 goal.As part of this, we provide a variety of options for green ...
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ArticleThe top 10 most-read articles between 23 - 29 June 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 29 June 2023 were: Medtronic accredited as menopause-friendly employerAllianz introduces electric vehicle salary sacrifice schemeWho will win at the Employee Benefits Awards 2023?Exclusive: GI Group wins Grand Prix at Employee Benefits Awards 2023TotalEnergies staff accept 15.5% pay rise10% of employers introduced support ...
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ArticleAllianz introduces electric car salary sacrifice scheme
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. They can choose between electric and plug-in hybrid cars, while the cost ...
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ArticleBuyer's guide to flexible benefits technology
What is flexible benefits technology? Earlier in the evolution of employee benefits, organisations would provide a static set of rewards. Although these might change somewhat according to seniority or length of service, there was little in the way of flexibility or tailoring. These benefits would likely be communicated via letters ...
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ArticlePenderyn Distillery launches electric vehicle salary sacrifice scheme
Welsh whisky and spirits distillery Penderyn Distillery has introduced an electric vehicle salary sacrifice scheme for its workforce.The employer, which operates across two sites in the Brecon Beacons, appointed Edinburgh-based fleet management business Gofor to manage the scheme, designed to suit Penderyn’s specific objectives.Its goal was to make the switch ...
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ArticleForget Me Not introduces salary sacrifice pension scheme
Huddersfield-based children’s Hospice charity Forget Me Not has launched a salary sacrifice pension arrangement in order to look after the financial wellbeing of its 140 employees.Through a partnership with financial wellbeing platform Maji, the charity will pay the total pension contribution on behalf of each member of its workforce, and ...
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ArticleChris Ronald: Employees need support through the cost-of-living crisis
Everyone is feeling the pinch. Inflation is outstripping benefits and wages, and coupled with recent tax hikes, real disposable income has reached its lowest point in decades. The Bank of England predicts the current cost-of-living crisis to last until next year, with the potential to continue into 2024. This is ...
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ArticleHSBC offers electric car leasing to 35,000 UK employees
Global banking organisation HSBC has launched a benefit enabling its 35,000 UK-based staff to lease a new all-electric vehicle through a salary sacrifice arrangement, with the option to buy at the end of the term.The business has implemented this benefit with a view to helping employees become more sustainable in ...
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ArticleThe top 10 most-read articles between 13 May – 19 May 2022
The top 10 most-read stories on employeebenefits.co.uk between 13 May and 19 May 2022 were: Goldman Sachs increases holiday entitlement for all staffTesco releases workplace menopause guideTribunal rules fair dismissal for employee with Covid concernsThe changing face of flexible benefitsAverage total pay grows by 7% in early 2022Evona and Man ...
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Article53% of employers offer an electric vehicle salary sacrifice scheme
Employee Benefits poll: More than half (53%) of employers currently offer their employees an electric vehicle (EV) salary sacrifice scheme.A fifth (21%) of respondents to an online survey conducted by Employee Benefits Magazine said they do not provide a scheme of this kind, while a further 26% said they were ...
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ArticleThe top 10 most-read articles between 22 April – 27 April 2022
The top 10 most-read stories on employeebenefits.co.uk between 22 April and 27 April 2022 were: Unum UK introduces electric vehicle salary sacrifice schemeBest Benefits Communications shortlist unveiled for Employee Benefits Awards 2022Saga and Card Factory make Best Benefits to Support Employees Post-Pandemic shortlist at Employee Benefits Awards 202275% of employers ...
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ArticleUnum UK introduces electric vehicle salary sacrifice scheme
Employee benefits provider Unum UK has launched an electric vehicle (EV) salary sacrifice scheme for its 800-plus permanent employees, to coincide with Earth Day (22 April).The initiative, backed by the Octopus Electric Dreams Car Scheme, allows staff to choose from a wide range of EV models with no up-front payment ...
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ArticleStantec UK launches electric vehicle salary sacrifice scheme
Stantec UK, an international services provider to the design and consulting industry, has introduced a flexible salary sacrifice scheme to encourage employees to use electric and hybrid vehicles.The business, which has 20 offices in the UK and is a part of a global consultancy with 350 locations and 22,000 employees ...
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Article29% of employers say rise in NI contributions will impact staff pay
More than a quarter of employers (29%) feel that next month’s increase in National Insurance (NI) contributions will have a direct impact on employees’ pay, according to research from Scottish Widows.Conducted by Opinium on behalf of the insurer with a sample size of 500 UK firms, the survey findings revealed ...
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ArticleDF Capital introduces electric car salary sacrifice scheme
DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees.The lending and personal savings bank said the initiative, run in partnership with Octopus Electric Vehicles, will make driving a new electric car more affordable for employees. Payments are made directly from gross salaries, creating savings on ...
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ArticleRomulus offers staff free e-bike travel
Property business Romulus has formed a partnership with green micro-mobility firm HumanForest to provide its employees with e-bikes.The agreement began yesterday (24 January) with an initial trial period of three months that will allow all the London firm's 55 employees, occupiers and co-working members 20 minutes of free riding every ...
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ArticleConfessions of a benefits manager: Candid hires a contractor
I’m beginning to think that Big Bad Boss is finally softening up a bit; he has approved getting another pair of hands to help with the annual compensation processes.This year is a bit different; we have changed the calendar so that pay planning and bonus planning will be done at ...
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ArticleAviva launches electric vehicle salary sacrifice scheme
Insurance giant Aviva has introduced an electric vehicle salary sacrifice scheme for its 16,000 UK employees.Under the initiative, workers can give up part of their pre-tax income in return for the opportunity to drive a fully electric vehicle such as a Nissan Leaf or Mini Electric for a two or ...
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ArticleSteve Moore: What do employees value more than a Christmas turkey?
At Hymans Robertson, we are very aware of how long a year it has been and how hard everyone has worked during the past 18 months of the Covid-19 (Coronavirus) pandemic. As part of our wellbeing offering for Christmas 2021, everyone has been gifted both Christmas Eve and New Year’s ...