What is salary sacrifice, and how does it save employers and employees money? Salary sacrifice, salary deduction, NET, Gross… the terms can confuse HR and employees alike. There’s a notable difference between the two, and which is available can depend on what product or service the scheme involves. During this blog, we’ll answer your most asked questions about salary sacrifice and how it’s the cost-neutral solution that benefits employers and employees.
HR professionals have many demands on their time, including striving to support their people and enhance employee engagement with an ever-scrutinised budget. There are reward and recognition strategies to consider alongside employee benefits - giving employees the support and incentives they need to enhance their wellbeing whilst improving loyalty and retention. With cost-effectiveness and sustainability being the key to the long-term success of your strategy, wouldn’t it be great if there was one solution that did it all? Wouldn’t it be even better if that solution reduced carbon emissions and contributed towards your NET Zero targets? You’re right. It would! It’s time to meet our Virtual Pluxee Card. Read on to discover how it ticks all these boxes and more.
Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.
It’s Debt Awareness Week, so, like the campaign, we’re exploring why employees aren’t sharing their money worries with their employers or seeking professional support. There’s a stigma. Money often remains a taboo subject in the workplace, yet employees with money worries bring their stress to work, directly impacting businesses. Discussing financial wellbeing at work is a must. Read on to discover how to remove the taboo and provide the solution.
We’ve released a brand-new eBook - Money Mastery: Proactive and affordable steps to enhance employee wellbeing. To gather our exclusive data, we interviewed over 2,000 UK employees and over 500 HR professionals to discover the state of employee financial wellbeing. We’ve created a holistic picture of how employers can turn poor employee financial wellbeing around, and why doing so is an investment in the future. During this blog, we’ll use this research to explore why it pays to enhance financial resilience in your workplace.
Big Energy Saving Week encourages us to explore how we can save energy in our homes and lives. It’s great for the environment and our bank balance since making energy-efficient choices saves money in the long term. During this blog, we’ll explore how our Green Car offering – an electric car salary sacrifice scheme – helps to reduce carbon emissions and delivers savings for employees and businesses. Read on to discover why so many UK employees are choosing an electric car salary sacrifice scheme, and how this increased uptake can benefit your business.
Employee retention remains a business priority as we step into a new year. Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. Budgets are tight, and HR managers are trying to do more with less. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Read on to discover why.
Resilience. It’s a great word encompassing employee wellbeing, financially, mentally, and physically. So, what exactly does it mean? During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it.
For most of November, we’ll see Black Friday and Cyber Monday savings banners promoting a new deal whenever we click on a website. Many of us use this opportunity to get cheaper Christmas gifts, and it helps – the retailers and our budgets – but surely, it’s best to give our employees the chance to save every day of the year. Whether it’s essential spending or a special purchase, read on to discover how employee benefits stretch salaries further.
With 50% of employers planning to increase spend on financial wellbeing in place of offering wage increases and cost-of-living payments, it’s never been more important to make employee benefits sustainable. Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business.
We’re thrilled to bring SmartPay to life for our clients and consumers. SmartPay is the smart way to pay, helping your employees avoid high-interest loans or credit cards by spreading the up-front cost of technology, appliances, wellbeing, and lifestyle purchases through affordable and manageable salary deductions. Read on to discover what SmartPay can do for your people and business.
Employees are turning to their employer for support during the cost-of-living crisis, and your next potential rising star is comparing your employee benefits offering to your competition. A cost-effective and sustainable employee benefits offering is more important than ever – read on to discover how our employee discounts platform helps you achieve it.
Our third blog on supporting parents in the workplace explores how parents can save on back-to-school essentials through our discounts platform and employee cashback card. Purchasing everything children need for school is expensive, but from shoes and clothing to new pencils – we can help relieve the financial burden.
The government and environmental groups are calling for the world to adopt cleaner methods of transportation. Most of us hear the call and understand the importance, but the reality is that we need our cars to get around and do our jobs. Investing in an electric vehicle is the obvious solution, but this is an expense many can’t afford.
Or can they…?
During this blog, we’ll explore two ways you can make cleaner and greener commuting more affordable for your people and save money for your business, too!
Discover how financial wellbeing benefits can boost engagement and productivity.
