If you are responsible for the employee benefits of your company then you probably already know that treating people well at work can generate a sense of well-being and good will towards the firm that money just can’t buy.
Your employees are one of your most valuable assets, so it makes sense to take care of them. Not only can health issues among employees lead to a financial burden on a company in terms of insurance costs and lost productivity, certain aspects of the nation’s health are getting worse, which may lead to those costs being even higher in the future.
With many people leading an increasingly sedentary lifestyle, physical health and wellbeing can suffer. With everyday stresses caused by work and general financial security, mental health and wellbeing are also under pressure. While many companies have employee benefit programmes in place that deal with sickness when it happens, there is an increasing realisation that trying to reduce or prevent that sickness in the first place is a responsibility that employers need to take seriously.
Having the right wellbeing programme in place can help your business in considerable ways. It can:
As an employer you can enable your employees to donate to their chosen UK charity direct from their salaries or pension with the Give As You Earn scheme (GAYE). The donations are taken out of salaries before tax is deducted from income, making it tax efficient and simple for both staff and charities receiving the money.
Cycle to work is a tax efficient scheme to enable employees to obtain a bike and accessories so they can get fit and save money! Cycling to work can save an employee money, improve their health and reduce the reliance upon cars or public transport. It works as a salary sacrifice hire agreement with the employer so the payments are taken off gross earnings each month, before tax and NI are applied. This benefit enables you as employer to promote healthy living and enhance your CSR credentials whilst keeping staff happy and active.
We all love black Friday or prime days, but why wait for one day a year to get a good deal? With a reward partner, your employees can have access to top brands and great prices all year round. From discounts to cash-back, these sites provide a year-round benefit to all of your employees.
Whether you are interested in one specific benefit or would like a complete benefit review, speak to one of our consultants today.
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