Take-up of cycle to work schemes has risen by nearly 10 per cent during the first quarter of 2012, compared to the same period last year.
Members of the Cycle to Work Alliance have seen a reverse in recent trends, with more than 23,400 employees signing up to the initiative...
Cutting the cost of benefits is top of the agenda for employers, according to research from Mercer.
Due to the financial instability in 2011 many organisations are now questioning the feasibility of maintaining their workplace health schemes. Nearly 85 per cent of HR...
Employee benefits packages are one of the biggest incentives an employer can offer. Once enrolled in a scheme it is important employees are continually informed about developments and messages are reinforced. Here are some tips to help effectively do this.
Survey employees
It...
Employees want more flexibility and variety when
it comes to their benefits, according to research
from Mercer.
The findings showed that traditional elements of a package scored poorly when it came to motivation and engagement. However, those that provided a good work–...
Cycle to Work schemes are one of the most popular benefits, according to Co-operative Employee Benefits.
The Cycle to Work Alliance has found that of the 1,233 employees who took up the initiative, 61 per cent did not ride before they got involved. Also a total of 98 per cent said that they...
Have your say - your views are important
Does a tailored benefits approach go far enough?
I read your article “A Tailored Approach” in the September issue with interest.
The assertion made in the article, that “one size does not fit all” when it comes to reward, is, in my experience, accurate.
I currently...
New information about VAT arrangements and cycle to work schemes is to be released by HM Revenue & Customs (HMRC).
Employees who signed up to the benefit on or before
27 July 2011 will not have to pay the tax on their remaining salary sacrifice payments. The
decision has been...
Lisa Gregory looks at why some employee benefits are preferred over others and how the industry has changed.
Given the economic downturn of recent years, it seems timely to take stock of how employee benefits have been impacted overall and the emerging prominence of certain benefits. The landscape has undoubtedly changed, but which benefits have grown in popularity and which have become casualties of...
Edmund Tirbutt assesses the implications of the possible National Insurance and Income Tax merger and asks if it could mark the end of salary sacrifice.
This year’s Budget announcement that the Government will consult on merging the operation of National Insurance (NI) and Income Tax could have far-reaching implications for payroll and benefits. Indeed, some commentators suggest that it could even spell the end of salary sacrifice –...
One size doesn’t always fit all when it comes to reward. Andy Philpott explains how organisations can shape a benefits package in order to deliver real results.
Organisations today are operating in a climate in which they need their people to perform and be engaged within the business. This is essential in order to remain competitive in the current business and economic environment.
As many firms cope with the recession, their employees work hard,...
Companies have been urged to use staff benefits to combat employee weight problems following worrying obesity predictions from scientists.
Figures published in the medical journal The Lancet show that nearly half of men and more than 40 per cent of women in the UK will be obese by 2030...
Dawn Lewis investigates the rise of employee health and wellbeing in the workplace and how these types of benefits can have a significant role to play in engagement.
Employee health and wellbeing has not always been at the top of the workplace agenda. However, it is becoming increasingly apparent that this element of employee benefits has a significant role to play in staff engagement.
An effective wellness strategy can help to reduce any increases in...
As the cost of living rises, Richard Davies outlines the benefits available to employees and how these can generate valuable savings.
Recent statistics from the Centre for Economic and Business Research reveal that the average family will be £910 worse off this year due to rising costs in household bills. With inflation for 2011 set to reach the highest since 1992 at 3.9 per cent and pay rises at levels well below this,...
Payroll Alliance technical team answers payroll related questions, including travel for disabled employees, cycle to work schemes, maternity leave and redundancy.
Cycle to work schemes
Q We provide a cycle to work scheme which we operate as a salary sacrifice to cover the costs of safety equipment such as helmets and visible safety jackets. Allocation under the scheme is one bike per employee to cover qualifying journeys. This is the second year...
The latest innovations in payroll and benefits.
Salary-sacrifice cars
Lex Autolease has entered the salary sacrifice market with company cars being offered to all employees.
The product is available to firms which have an existing fleet in excess of 500 vehicles or if they have an employee base above 1,000. ...
