Employee Benefits
WEBJul 1, 2006 — The market-leading website for the reward and employee benefits industry in the UK. It supplies the latest news, analysis, compliance issues and research. as well as a vast reference library on employee benefits.
UK Workplace Pension Regulations: What Every Employer Should …
WEBAug 22, 2023 — Of this, employers must fund at least 3%. Typically, the breakdown is 4% from the staff member, 3% from the firm, and 1% as tax relief. Using an annual salary of £50,000 as an example: • £208.33 from the employee (including of tax relief) • £125 from the employer. Yet, employers might opt to exceed the 3% benchmark.
Xexec launches Chrome Extension revolutionising employee benefits
WEB1st February 2021 11:07 am. Xexec has launched the first-of-its kind Chrome Extension for every user of its employee discounts platform, revolutionising employee benefits. Available to all clients, Xexec’s new Chrome Extension will automatically present relevant deals straight from the portal to every employee using the Chrome Search Engine.
A Guide to Calculating Pensionable Earnings for Employers
WEBSep 6, 2023 — For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Explaining pensionable earnings Pensionable earnings are crucial for employers in determining the amount to ...
Vertas Group introduces staff financial wellbeing programme
WEBBy Zoe Wickens 17th October 2023 11:51 am. Facilities management firm Vertas Group has rolled out a new financial wellbeing programme for its more than 3,000 employees. Provided by Zellis, Vertas employees will be able to access the programme through PayNow, which is available through the Zellis MyView HR portal through a partnership with ...
Salary sacrifice car schemes explained - Employee Benefits
WEBJan 2, 2013 — Here, Employee Benefits asks the fleet industry to dispel the myths and explain exactly how schemes operate. 1. The top myths about salary sacrifice car schemes include: There is no cost to the employer. Employers do not have to amend employees’ contract of employment. The same scheme can suit all employees. The contract for the car is …
Equiniti launches online employee share portal
WEBJul 20, 2011 — The Equiniti Group has launched a new platform to enable employees to access and manage their share plans online. The ESP portal, which can be employer branded, allows employees to view their holdings, access their plan information and transact and sell shares. Employees can log on to the portal through a link on their employer’s intranet ...
Long Service Awards: what’s the best approach for my business?
WEBJun 26, 2018 — Payments for 20 years’ service are also worth £300 at the median, although in one organisation this rises to £7,500. Other generous awards include one month’s salary, and four weeks’ paid leave. One organisation gives employees £200 to donate to a charity of their choice. Among the handful of organisations marking 50 years, the typical ...
Buyer’s guide to corporate eyecare - Employee Benefits
WEBApr 22, 2015 — Providers include ASE Corporate Eyecare, Boots and Vision Express, and employers can expect to pay anything from £15 upwards for a voucher. Broad eyecare cover. Broader cover is also available, allowing employees to get money towards new glasses. For example, as well as covering an eye …
The benefits offered by Royal Mail
WEBMay 1, 2019 — The benefits offered by Royal Mail. The benefits offered by Royal Mail: Pensions, pay and group risk. Royal Mail’s defined benefit (DB) pension scheme was closed to new members in March 2008 and new employees are provided with a defined contribution (DC) pension. The DB arrangement closed to future accrual in March 2018; members of this ...