An Introduction To Employee Benefit Schemes

submitted by Liz McGrady on 02/28/17 1

The job market is exceptionally competitive, which is why employee benefit schemes are important. We’re going to take a look at the real impact such schemes have while also introducing you to some of the options that are available. The Employee Benefits’ The Benefits Research revealed interesting statistics regarding the importance of employee benefits. This includes the fact that 84 per cent of employers feel that it helps with retention while 83 per cent stated that it makes recruitment easier. Other benefits include: lowering their National Insurance bill, promoting work-life balance, and improving wellbeing. There are many different benefits to choose from, including retail discounts, dining, healthcare, childcare vouchers, shares, gym membership, and car allowance. With a salary sacrifice scheme, employers give up part of their salary in exchange for benefits. This can be beneficial for certain employees, for example, those with children. After all, many parents cannot afford childcare, and this can conflict with their ability to work. So such a scheme would be beneficial to them as well as you. Hopefully, you now have a better understanding regarding the importance of employee benefit schemes, as well as a glimpse at the different type of options that are available. Click Here: teamrewards.co.uk/salary-sacrifice.html

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