Rewards and Benefits
Service Description
Are you aware of the benefits available and the implication’s if offered to your employees. Our
experienced team can help you identify the best Reward and Benefit strategy for your organisation.
Introducing employee benefits offers a way to attract and retain employees, contribute towards
improving wellbeing, and encourage required behaviours, achievements, values, and skills.
However, there are many factors to consider when introducing a benefit to make sure it’s what your
employees would want, whilst also aligning it with wider business goals.
Employee benefits are non-cash provisions within the reward package, although they can have a
financial cost for employers, for example paid holidays, pensions, or company cars. They may be
offered for business reasons, for example motivating employees to achieve key business objectives,
retention, and support their wellbeing.
However, recently some employers have adopted a more individual approach to employee reward,
and this has created the concept of a total reward package, where financial and non- financial
rewards are offered.
Not all rewards have to be funded by the organisation, employees can fund some rewards and
spread the cost over 12 months.
We will help you ascertain the tax implications of providing certain benefits, help you to understand
the business costs and what the employee will need to pay through P11D benefit in kind.
This Service Includes
- Flexible working
- Wellbeing initiatives
- Career and childcare flexibility
- Financial advice
- Shopping rewards
- Hybrid working
- Season ticket loans
- Opportunity to buy additional leave
- Healthcare benefits
- Eyecare vouchers
- Death in service
- Force Majeure
- Private medical insurance
- Gym membership
- Car Allowance
- Milage allowance
- Salary sacrifice schemes
- Pension provision