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Philippa Cornish: How can reward and CSR strategies contribute to the levelling-up agenda?

Employee Benefits

The Edelman Trust Barometer, published in January 2022, found that businesses and non-governmental organisations (NGOs) are seen as competent and effective drivers of change. Donations are tax-effective because they are taken from gross pay, which means the charity get more of employees’ donations and it costs the donor less.

Gross Pay 122
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Buyer’s guide to share incentive plans

Employee Benefits

Sips enable employees to receive shares in their employer either free or to purchase these from their gross pay on a discounted basis. According to the 2021 Proshare SAYE and Sip report, published in August 2022, in organisations that offer a Sip to employees, 41% of eligible staff participated.

Gross Pay 105
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Top 5 reasons to check your payslip

cipHR

Other common NI letters include M for people under 21, H for apprentices under 25, B for married women and widows who opted in (pre-1977) to pay a reduced NI rate, and J and Z for employees already paying NI in another job. This will affect most people, and some new NI letters may be introduced then. Pension payments.

Pension 98
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Network Homes gives staff £2,400 cost-of-living pay increase

Employee Benefits

According to Network Homes, the chosen pay increase, which applies to the 2023-24 financial year, resulted in 80% of Network Homes’ employees receiving a higher increase than was available with the other potential options. “We are having to manage these challenges against the backdrop of a cap on regulated rented homes of 7%; 4.1%

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Buyer’s guide to bikes-for-work schemes

Employee Benefits

Employers make initial investments into necessary equipment on the behalf of employees, and a sum is then deducted from employees’ gross pay. If the employee leaves their employment, the remaining amount is deducted from their net pay and the bike becomes liable for tax. On average, employers can save 13.8%

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Buyer’s guide to home technology schemes

Employee Benefits

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung.

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The A-Z of payroll outsourcing UK

cipHR

Ensuring any outsourced payroll provider has the right processes in place is essential when selecting a company to work with. G: Gross pay The total amount of pay an individual receives each month, before National Insurance, tax and other deductions such as pension payments are taken off.

Payroll 52