Employee Benefits

JUNE 28, 2023

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. They can choose between electric and plug-in hybrid cars, while the cost of the lease is calculated monthly and deducted from their gross salary through payroll.

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Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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Employee Benefits

APRIL 17, 2023

It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. One initiative that is seeing a surge in popularity is the salary advance scheme, also known as earned wage access. The employer can set rules that limit withdrawal values employees can make.

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Sodexo Engage

SEPTEMBER 30, 2024

Pluxee Card: Up to 15% cashback at over 80 retailers. Electric Car and Cycle to Work Salary Sacrifice Schemes. Electric Car and Cycle to Work Salary Sacrifice Schemes. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Pluxee Card - Up to 15% cashback at over 80 retailers.

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Sodexo Engage

SEPTEMBER 30, 2024

Pluxee Card: Up to 15% cashback at over 80 retailers. Electric Car and Cycle to Work Salary Sacrifice Schemes. Electric Car and Cycle to Work Salary Sacrifice Schemes. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Pluxee Card - Up to 15% cashback at over 80 retailers.

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Sodexo Engage

OCTOBER 11, 2024

Up to 15% cashback at over 80 retailers. Electric Car and Cycle to Work Salary Sacrifice Schemes. Electric Car and Cycle to Work Salary Sacrifice Schemes. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Pluxee Card - Up to 15% cashback at over 80 retailers.

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Sodexo Engage

OCTOBER 11, 2024

Up to 15% cashback at over 80 retailers. Electric Car and Cycle to Work Salary Sacrifice Schemes. Electric Car and Cycle to Work Salary Sacrifice Schemes. Refurbished Tech and lifestyle-improving Salary Deduct Schemes. Pluxee Card - Up to 15% cashback at over 80 retailers.

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Employee Benefits

MARCH 14, 2024

As a government-backed salary sacrifice scheme, employers and employees save money on National Insurance Contributions and taxes. Employee discounts… Our Employee Discounts Platform is home to discounts and savings with over 100 retailers, including those from which you can purchase bikes for the whole family. Cycle to work savings!

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Enjoy Benefits

NOVEMBER 3, 2024

The discount club can save literally £100s or even £1000s of pounds on online or high street retailers. It’s a way of recognising the efforts of people who go above and beyond on your team, giving them digital or physical gift cards to spend at dozens of well-known retailers including M&S, Amazon, Apple, Argos and more.

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Employee Benefits

AUGUST 21, 2024

If implemented, this will represent a nearly 40% increase for those between the ages of 18 and 20, and severely impact the hospitality and retail sectors, where a large portion of the workforce is aged under 21. The employee’s pay for NMW purposes is calculated after the deduction has been made and can result in unintentional underpayments.

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Employee Benefits

JANUARY 18, 2024

That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Why are so many businesses considering offering salary-stretching employee benefits over pay increases? Salary deduct = any benefit paid from your salary at a net level (after tax and NIC calculations).

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Sodexo Engage

SEPTEMBER 16, 2024

Why choose our Refurbished Tech Scheme Your employees can buy , sell , and repair their tech, giving them access to cheaper, greener tech, plus: Flexible Payment Solutions: Spread payments monthly through salary deductions, salary sacrifice or buy upfront. What is salary sacrifice and how is it applied?

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Sodexo Engage

SEPTEMBER 16, 2024

Why choose our Refurbished Tech Scheme Your employees can buy , sell , and repair their tech, giving them access to cheaper, greener tech, plus: Flexible Payment Solutions: Spread payments monthly through salary deductions, salary sacrifice or buy upfront. What is salary sacrifice and how is it applied?

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Net Pay Deductions Deductible Salary 52

Employee Benefits

AUGUST 9, 2023

It offers financial wellbeing support , provided by Salary Finance, such as lower interest and higher acceptance rate loans, and a help-to-save scheme that deducts savings from salaries each month, and has launched a dedicated intranet site for its cost-of-living support.

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Employee Benefits

MAY 21, 2024

As a salary sacrifice scheme, you, the employer, pay the initial cost of the cycle-to-work voucher. There’s an element of trust because if an employee leaves your business with repayments outstanding and their final salary doesn’t cover the balance; you could be left out of pocket. We’re aware of at least one possible hindrance.

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Employee Benefits

FEBRUARY 15, 2024

Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and individual services for employee benefit schemes, covering a range of salary sacrifice and voluntary deduction arrangements.

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Employee Benefits

OCTOBER 12, 2023

The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once. The post Pitchup launches bikes-for-work scheme for staff appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 30, 2023

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Employees opt for a voucher for the value of their choice, up to a maximum amount set by the employer, and they receive the voucher to redeem at Currys on whatever tech they like available at the retailer.

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Employee Benefits

FEBRUARY 19, 2024

Benefits on offer at FitFlop in the UK: Pension Group personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% Employees can choose to fund the other benefit on a voluntary basis through deductions from pay. contributions from both employee and employer. Health cash plan, employee paid.

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Enjoy Benefits

SEPTEMBER 20, 2024

They can save with major retailers like John Lewis and brands like FatFace and Superdry. The gym membership salary sacrifice benefit lets employees spread the cost of an annual gym membership, and there are no joining or upfront fees. It’s considered a ‘trivial benefit’ by HMRC so there’s no extra tax for employees to pay.

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Employee Benefits

MAY 9, 2024

For an in-depth review of how to help stretch working parents’ salaries, take a look at the blogs below:· Supporting New Parents: Regulations & Savings Essential savings for your employees, whenever, wherever! With over 150 retailers onboard, there are endless ways to help working mums and dads stretch their salaries.

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Employee Benefits

APRIL 25, 2024

As an employee benefit, your people can earn up to 15% when they use it to purchase goods online or in-store with our vast range of participating retailers. Discover what EV car drivers really think about their green cars here: Save money & energy with Green Cars… our electric car salary sacrifice scheme.

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HR Digest

FEBRUARY 1, 2022

Retailers often hire recruiters who oversee salespeople and retail managers. The median annual salary for a human resource manager is $98,000, according to PayScale. The labor portion varies depending on whether a worker is paid, such as hourly, salaried, temporary, or contract. How Much do HR Professionals Make? .

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Bayzat

FEBRUARY 18, 2024

Step 3: Ink the Deal Write a contract dealing with all the work details, including salary, number of hours, benefits you name it. Step 5: Clock In with Payroll It is time to organize retail with a payroll structure. Step 6: Cash Talks Take into account wages in the industry and location and calculate salaries.

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HR Management Activities

AUGUST 1, 2023

As Figure shows, the common components of executive compensation are salaries, annual bonuses, long-term incentives, supplemental benefits, and perquisites. Especially when the base salary is $1 million or more, the executive often is interested in the mix of items in the total package, including current and deferred compensation.

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Employee Benefits

JANUARY 10, 2024

and GymFlex, via salary deduction. Vitality’s 50% gym discount equates to member savings of £10.99 – £110 per month, excluding the joining fee, while a 12-month Fiit subscription is provided to both VitalityHealth and VitalityLife members and would retail at £119.99. Are there any tax or legal issues?

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Employee Benefits

APRIL 17, 2024

Saving for the future… You can even use it to help your people plan for the future, saving alongside their loan or deducting the loan repayment amount once they’ve repaid it. We partner with a vast range of retailers, reducing the cost of the weekly shop, meals out, fitness equipment, wellbeing retreats and more.

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Employee Benefits

MARCH 19, 2024

We partner with over 80 retailers to provide up to 15% cashback when using the Pluxee Card to spend with them. SmartPay is a cost-neutral salary deduct scheme that enables your employees to spread the cost of the things they need. No interest, no late fees, no additional money worries.

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Employee Benefits

DECEMBER 2, 2022

Your range of discounts could even give staff gift ideas with a wide range of retailers to choose from. Employee discounts can be used to save on the festive food shop, last minute gifts and even flowers and bouqets. What about after the New Year?

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HR Bartender

JULY 21, 2015

Under the Act, to be exempt (from overtime), an employee must meet 3 requirements: The employee must be paid a minimum weekly salary; The employee must be paid on a salary rather than on an hourly basis. Last week, Jonathan talked about the proposed changes to the minimum weekly salary requirement (#1 of the 3 requirements above).

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Empuls

SEPTEMBER 28, 2023

It could range from retail brands to healthcare to home and lifestyle products. Retailer specific discount programs Retail discount programs are the most common type of discount program companies offer. Employees can receive a handsome discount on their purchases using the discount scheme.

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cipHR

AUGUST 1, 2022

In the same month, an article by The Sunday Times revealed that thousands of employees of fashion and homeware retailer Next had been underpaid after a new payroll system was implemented in February. It was also reported pension contributions had been deducted without being invested in retirement funds.

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Empuls

APRIL 22, 2024

  But where exactly does each chunk of your hard-earned salary end up?    Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. Options for deductibles, copays, and specialist coverage all play a role in employee satisfaction. 

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Best Money Moves

MARCH 5, 2020

Employees, especially those in industries like hospitality, retail, healthcare and food service are fearful of what will happen if they’re infected with the coronavirus. Even a high salary doesn’t always salve financial woes — 18 percent of employees making more than $100,000 annually live paycheck to paycheck.

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Global People Strategist

MAY 26, 2018

Salary – This details the employee’s gross salary before tax, national insurance, and any deductions. Deductions – This clause details all the circumstances in which the employer can make deductions from the employee’s salary. It also specifies when payments are made.

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Insperity

SEPTEMBER 18, 2018

A retail bank, with operating hours of Monday through Friday, 8 a.m. Under the FLSA, there are specific criteria that define when an employer can deduct wages from an exempt employee. In this case, the Department of Labor states that the business may make deductions to pay or require the employee to use accrued PTO or vacation.

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Empuls

OCTOBER 4, 2021

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. What does compensation include? Only hard work pays off! Harvard Business Review 2. What are benefits?

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