All Tax-efficient benefits articles – Page 16
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OpinionAndrew Kirby: Relationships are at the heart of future car schemes
During the economic downturn, one of the main attractions of a salary sacrifice car scheme from an employer’s perspective was its ability to help with recruiting, retaining, motivating and engaging employees at no cost to the business.Now the economy is growing and employment opportunities are increasing, the battle to recruit ...
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VideoVIDEO: Chris Chandler: Car schemes must be aligned to staff expectations
Employers with plans to implement a company car scheme must ensure that they engage staff in the process, according to Chris Chandler, principal consultant at Lex Autolease in an interview with Clare Bettelley, associate editor at Employee Benefits. At the Employee Benefits Fleet Debate in August, Chandler said: ”It’s really ...
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OpinionDavid Hosking: Dispelling key myths about salary sacrifice car schemes
Salary sacrifice car schemes are a tax-efficient way to offer staff a brand new, fully insured and maintained car as part of a flexible benefits package.Schemes are tax-compliantAt its most basic and simple level, a salary sacrifice car scheme allows employers to ‘pay’ their staff with a company car, with ...
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ArticleFleet supplement 2014
Read the digital edition of Employee Benefits’ Fleet supplement 2014.The report includes the following articles:Clare Bettelley: Company car schemes can be easy to implementAre company car schemes worth the effort to implement?Top tips to control company car scheme costsWhat should a company car risk management strategy cover?What the future holds ...
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ArticleOver 300 Welsh Water employees take up bikes-for-work scheme
Welsh Water (Dwr Cymru) has seen 313 employees take up its bikes-for-work scheme since its launch in August.The organisation promoted the scheme in cnojunction with provider Cycle Solutions, which visited seven key sites across Wales with a virtual shop.This enabled staff to experience some of the bikes and cycling equipment ...
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ArticleAmey and University of Cambridge support Cycle To Work day
Amey, Nokia and the University of Cambridge are some of the organisations supporting national Cycle to Work Day.The day, which takes place on 4 September, promotes the benefits of cycling in the workplace.Amey is encouraging employees to take selfies during Cycle To Work day with a message about why they ...
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Case StudiesMarks and Spencer goes multi-channel for flex
Marks and Spencer (M&S) knew it was undertaking an ambitious project when it set out to launch a flexible benefits scheme to its entire workforce in 2013.Most of the retailer’s 75,000 UK employees work offline across more than 800 stores, so it had to develop a scheme that was accessible ...
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OpinionJohn Pryor: Fleet funding models must suit employers' needs
Funding is bespoke to individual organisations and while tax changes can trigger a switch in funding routes so can alterations in an organisation’s status and attitude.These include, for example, its ability to borrow money and its own cash situation, its attitude to financial risk and its level of internal fleet ...
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AnalysisWhat are the current trends in fleet funding?
If you read nothing else, read this…There are six types of funding options available to employers to fund company cars.Contract hire is the most popular of these and is often used for salary sacrifice arrangements.Employers are opting for a combination of funding methods to offer more choice to employees.Organisations are ...
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ArticleCouncils introduce salary sacrifice car schemes
Sandwell Council, Calderdale Council and Oxford City Council have introduced salary sacrifice car schemes, covering nearly 10,000 employees. Sandwell Council launched its scheme to its 5,000 employees in June. Calderdale Council launched a low carbon scheme to more than 3,600 eligible staff.Meanwhile, Oxford City Council, which has 1,200 eligible employees, ...
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Case StudiesUniversity of Reading launches salary sacrifice car scheme
The University of Reading launched a salary sacrifice car leasing scheme in June to help improve its employee benefits package.The university decided on a leasing arrangement, underpinned by contract hire, because of its low cost and the ability to offer employees a fully maintained car.Claire Eckett, HR manager, rewards and ...
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ArticleCar schemes can cut costs and aid retention
Company car schemes can help employers to save money and attract and retain staff, providing they are underpinned by a robust communication strategy, according to the fleet specialists at the Employee Benefits Fleet debate hosted in August and sponsored by Lex Autolease, Tusker and Zenith. Andrew Kirby, commercial director, employee ...
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Video
How to implement car salary sacrifice for your business
brightcove.createExperiences();The 9-minute video tutorial above covers:What is car salary sacrifice?What are the financial advantages?How can you evaluate if car salary sacrifice is right for your business?How can you mitigate the risks around car salary sacrifice?What does the future look like for ...
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ArticleReading Uni launches salary sacrifice cars and bikes
EXCLUSIVE: The University of Reading has launched a salary sacrifice car leasing scheme and re-introduced its bikes-for-work scheme.The new benefits are aligned with the university’s sustainable travel plan and carbon reduction targets.Claire Eckett, HR manager, rewards and benefits at the University of Reading, said: “These benefits support the plan by ...
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ArticleConfessions of a benefits manager: Candid resists bikes for work
You might think I don’t take our employee requests seriously, but really I do. I discussed it long and hard with the local HR manager, and we decided the demand didn’t support such a programme. In London, we just don’t have any demand, thanks to Boris and the adjacent Tube.Besides, ...
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ArticleSouthern Water triples bikes for work take up
EXCLUSIVE: Southern Water has tripled take up of its bikes-for-work scheme since it re-launched the benefit in May.Around 100 employees have taken up the scheme, up from 33 staff who signed up for the scheme in 2013.The scheme, which is provided by P&MM, has been re-launched as part of the ...
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ArticleGuide Dogs Association launches salary sacrifice cars
The Guide Dogs for the Blind Association has launched a salary sacrifice car scheme for 1,200 eligible employees.The UK-wide charity has signed a four-year contract with Leasedrive, which will supply its Mycar scheme to the organisation.As a registered charity, Guide Dogs is also able to make use of the benefits ...
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Article85% of salary sacrifice drivers want more communication
Around 85% of respondents would be open to further communications about their salary sacrifice car scheme, according to research by Zenith.Its research, which surveyed 327 eligible salary sacrifice car scheme drivers, found that take up of the scheme varies considerably, depending on the level of communication permitted, from around 15% ...
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ArticleStagecoach re-launches bikes for work
Stagecoach Group has re-launched its bikes-for-work scheme for 23,000 employees across its UK bus divisions.More than 1,500 employees in the organisation’s UK bus division signed up for the benefit when it was first launched in 2012.The re-launch coincides with National Bike Week, which runs from 14 to 22 June.The bikes-for-work ...