All Tax-efficient benefits articles – Page 12
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Case StudiesSAS Software offers choice and support to staff
For SAS Software, a key component of its benefits philosophy is that it offers its employees choice to enable them to pick benefits that support them throughout their career, while retaining a sense of being a paternalistic employer.Its UK headquarters, situated on a 110-acre estate on the bank of the ...
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ArticleSTV launch car salary exchange scheme
STV has launched a new car salary sacrifice scheme for its 15,000 employees, with all new users of the scheme entered into a prize draw to win a satellite navigation system.The Scottish digital media organisation launched the initiative in February as part of their total engagement strategy, ensuring staff can ...
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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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Case StudiesTravis Perkins unifies its benefits offering
Travis Perkins, which employs approximately 30,000 people across the UK, operates according to its five core values, known as cornerstones: upholding family values, keeping people safe, working for its customers, being the best, and making decent returns. The latter does not merely refer to financial returns, but also to the ...
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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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Case StudiesJohn Lewis Partnership works to ensure benefits add value
For the John Lewis Partnership, employee benefits are one of a number of elements that have helped to establish its reputation as a great place to work. The organisation encompasses John Lewis and Waitrose, and all of its 90,000 members of staff are partners in the business.Rachael Abbott, benefits development ...
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Article42% would be interested in taking part in a bikes-for-work scheme
More than four in ten (42%) respondents would be interested in taking part in a bikes-for-work scheme if their employer provided one, according to research by Edenred.Its Employer’s guide to cycle to work report, which surveyed 1,000 employees, also found that 22% of respondents do not cycle to work because ...
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ArticleUniversity of Lincoln introduces car salary sacrifice scheme
The University of Lincoln has launched a car salary sacrifice scheme for staff.The university, which employs 1,600 core members of staff, is introducing the scheme to further enhance its employee benefits offering.The car salary sacrifice scheme, which will sit alongside existing travel benefits, aims to support employees’ commutes to work ...
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ArticleEXCLUSIVE: JLT achieves 18% engagement rate with car salary sacrifice scheme
EXCLUSIVE: Jardine Lloyd Thompson (JLT) has seen 18% of eligible employees register interest in its car salary sacrifice scheme in the three months since it was launched.The insurance, reinsurance and employee benefits consultancy firm introduced the scheme, which is provided by Fleet Hire’s Car Salary Exchange, at the end of ...
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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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ArticleCo-operative Food to increase new starter pay by 1.8%
The Co-operative Group is increasing pay for new starters in its food stores by 1.8%.The increase follows a two-year pay deal agreed in 2015 that will see 40,000 employees working in frontline positions in its food business receive a pay rise of 8.5% by October 2016.The increases take pay levels ...
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ArticleTravis Perkins launches car salary sacrifice scheme
Travis Perkins has introduced a car salary sacrifice scheme in order to enhance its employee benefits package.Since the scheme's launch in March 2016, over 180 orders have been received.The scheme, provided by Car Salary Exchange, gives employees access to a choice of 4,000 new cars. The cars ordered thus far ...
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ArticleBuyer's guide to car salary sacrifice schemes 2016
What are salary sacrifice company car schemes?Salary sacrifice car schemes have become a popular benefit, allowing employees to sacrifice a portion of their monthly salary in return for a new car.Employees benefit from having a safe, maintenance-free car, while employers go some way to demonstrating compliance with their duty-of-care requirements ...
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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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ArticleHow the Budget 2016 will impact employee benefits
On 16 March, Chancellor George Osborne delivered his Budget 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:The government plans to limit the range of benefits that can be offered under a salary sacrifice arrangement. This will not apply to pensions, childcare and ...
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ArticleGovernment confirms plans to limit salary sacrifice
Budget 2016: The government has confirmed it is considering limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when offered via salary sacrifice arrangements.However, details of its intentions, set out in Budget 2016 documentation, stated that pension contributions, childcare and health-related benefits, such as ...
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ArticleAberdeenshire and Aberdeen City Councils achieve 10% log-in for car salary sacrifice
Aberdeenshire and Aberdeen City Councils have achieved a 10% log-in rate to their dedicated driver site after revamping their car salary sacrifice scheme.The car salary sacrifice arrangement was revamped in June 2015 as part of wider changes to the local authorities’ employee benefits programme, which is provided by P&MM.Thus far, ...
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OpinionGeorge Bull: Salary sacrifice can benefit both employer and employee
Salary sacrifice arrangements are very simple, highly effective and potentially beneficial to both employee and employer. It is almost too good to be true.At the heart of a salary sacrifice arrangement is an agreement between an employer and an employee to change the terms of the employment contract to reduce ...