One principle all business leaders should keep in mind is this: a happy workforce is a productive workforce. Employees who are content and feel valued in their job are more productive. In contrast, those who loathe dragging themselves into work not only get less done, but bring down the morale of those around them too. Either way, the results are reflected in a company’s bottom line. Fortunately, there are plenty of things you can do to keep staff happy.
Aimee Radcliffe
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Salary sacrifice schemes are a way of providing employee benefits by giving employees the option of handing over part of their gross salary in return for whatever the benefit may be. The advantage is that employee salaries are only taxed subsequent to making the sacrifice, therefore saving the employee money. Employers save as well, by not paying Secondary Class 1 National Insurance contributions on the sacrificed portions of staff salaries.
Topics: employee benefits, salary sacrifice
When we think of employee benefits, it’s easy to think of some of the more desirable things that businesses offer, like duvet days, bonuses and company cars. As shown by the CIPD’s handy benefits guide, though, some of the more mundane perks that companies offer are classed as benefits too, often without us realising.
Topics: employee benefits