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 scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their gross pay, which will save on income tax and national insurance contributions (NICs). The nurseries will receive additional funds through offset NICs from the employer to be spent towards the improvement of the quality of childcare provision at the premises.
During at a meeting every six months with the nursery manager and WorkPlace Nursery representative, an employee that acts as a representative of FitFlop can assess the nursery's needs, decide on the allocation of extra funds, and discuss nursery management and potential improvements.
FitFlop employees can sign up for the scheme via the WorkPlace Nursery website, where the scheme will then be set up with ongoing administrative support and advice provided by the provider.
Employees can also use an online calculator to find out how much they can save while taking into consideration the provider’s 12% admin fee for its service. There is a minimum requirement for nursery fees to be at least £650 per month before participation in the scheme.
Emma Andrews, global payroll and reward specialist at FitFlop, said: "We have partnered with Workplace Nursery to launch the workplace nursery scheme, ultimately saving our employees money on their nursery fees. It has already been very well received by our employees and I’m proud to add this to my list of achievements at such a great place to work.”
FitFlop also offers its employees private medical and dental insurance, employee assistance programmes, a health cash plan, a pension scheme via a salary sacrifice arrangement, hybrid working, an employee recognition scheme, retail discounts, a home technology benefit, a bikes-for-work scheme and a give-as-you-earn scheme.
