Most Popular Employee Benefits Revealed
The Chartered Institute of Payroll Professionals (CIPP) has identified the most popular employee benefits are in a recent survey.
When asked which benefits are offered by your employee a massive 85% said a pension scheme; in second place was healthcare with 54% and salary sacrifice schemes came in third with 52% of employees offering this benefit.
Diana Bruce Senior Policy Liaison Officer at the CIPP says “With pay rises few and far between the overall remuneration package is of vital importance to ensure employees feel valued. An employer may not be in a position to provide a bonus or pay rise but they can certainly help their employees by providing benefits such as a good workplace pension scheme where both the employer and employee can save on tax and National Insurance Contributions.”
With the introduction of automatic enrolment next year it is very encouraging to see a high percentage of employers already offering a pension scheme. Salary sacrifice schemes continue to be a popular benefit, however the government does make the administration increasingly difficult for employers; the changes to Employer Supported Childcare in April 2011 being a prime example.
Other employee benefits which were rated highly in the survey were membership body fees (40%), childcare and a car allowance. The results were taken from 380 people surveyed across the country in all professions and sectors.
Photo by tungphoto http://www.freedigitalphotos.net/images/view_photog.php?photogid=1708
For more Payroll UK News and benefits plase visit Payroll Services, Payroll Service, Payroll UK, Payroll Solutions, Payroll Outsourcing, Payroll Management