Long Service Awards: what’s the best approach for my business?
WEBJun 26, 2018 — Payments for 20 years’ service are also worth £300 at the median, although in one organisation this rises to £7,500. Other generous awards include one month’s salary, and four weeks’ paid leave. One organisation gives employees £200 to donate to a charity of their choice. Among the handful of organisations marking 50 years, the typical ...
Buyer’s guide to corporate eyecare - Employee Benefits
WEBApr 22, 2015 — Providers include ASE Corporate Eyecare, Boots and Vision Express, and employers can expect to pay anything from £15 upwards for a voucher. Broad eyecare cover. Broader cover is also available, allowing employees to get money towards new glasses. For example, as well as covering an eye …
Employee Benefits
WEBJul 1, 2006 — Building an inclusive benefits strategy. The market-leading website for the reward and employee benefits industry in the UK. It supplies the latest news, analysis, compliance issues and research. as well as a vast reference library on employee benefits.
Excepted group life schemes – What you need to know
WEBJul 25, 2019 — On 6th April 2016 this was further reduced to £1m but from 6 April 2018 the lifetime allowance will increase annually in line with the Consumer Prices Index (CPI). For 2019/20 the lifetime allowance is £1.055 million. Benefits that exceed the lifetime allowance are subject to a tax charge of 55% when taken as a lump sum, or 25% if taken as ...
Company cars – Employee Benefits
WEBPaul Gilshan: Salary sacrifice car schemes are a highly-valued benefit. 24th October 2022. The latest analysis, news, case studies and opinion in relation to the topic of company cars, including salary sacrifice car schemes.
A Guide to Calculating Pensionable Earnings for Employers
WEBSep 6, 2023 — For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Explaining pensionable earnings Pensionable earnings are crucial for employers in determining the amount to ...
Wolseley UK builds an engaging benefits offer
WEBMar 1, 2014 — It increased its employer contributions, which had been between 1% and 5% for employees and between 1.5% and 7.5% for the employer. Now employees contribute between 1% and 9%, while Wolseley contributes between 2.5% and 12.5%. “As auto-enrolment contributions start to ratchet up in 2017, employees will then potentially need to go to a higher ...
Equiniti launches online employee share portal
WEBJul 20, 2011 — The Equiniti Group has launched a new platform to enable employees to access and manage their share plans online. The ESP portal, which can be employer branded, allows employees to view their holdings, access their plan information and transact and sell shares. Employees can log on to the portal through a link on their employer’s intranet ...
Tesco launches salary advance scheme for staff
WEBBy Zoe Wickens 18th November 2022 10:38 am. Supermarket chain Tesco has introduced a benefit that will allow its 280,000 employees to access up to 25% of their contractual pay early. The scheme, provided by Salary Finance, costs a single set fee of £1.49 per advance, and aims to help staff avoid payday loans or debt with high interest payments.
Buyer’s guide to employee assistance programmes
WEBFeb 1, 2016 — Employee assistance programmes (EAPs) give employers an opportunity to support staff, particularly during times of financial and emotional stress. Central to an EAP’s operation is a confidential telephone line. This is available around the clock, providing staff with advice and information on a variety of matters, including psychological ...