The most important assets within your business are also the most fragile and the most difficult to replace.
You will have invested a lot of time and energy – not to mention money, into recruiting your key staff, and training them to be the best they can be. Their talents, and the relationships they will have developed with other team members and clients will be integral to your organisation, so naturally, you will want to do everything you can to retain their skills.
Successful businesses recognise that attracting and retaining good staff is not just about the salary you offer, it’s about tailoring a package to suit an individual employee’s needs; this might mean giving an employee the opportunity to work flexible hours, or work remotely from home some of the time – but it can also mean giving them access to a range of other benefits that can help with things as diverse as cycling to work, child care, training and leasing a car.
If you thought it was only big companies that could afford to offer and administrate Employee Benefit schemes, think again; even small businesses with just one employee can tailor schemes to suit their culture and business objectives.
Introducing an Employee Benefit scheme will:
The most popular way to fund Employee Benefit schemes is through ‘salary sacrifice, where an employee gives up part of their remuneration in return for a non-cash benefit. There are a range of schemes that offer attractive benefits to employees without attracting tax or National Insurance charges – they include:-
Would you like to know more about Employee Benefit schemes and how you can offer them to your staff without increasing your overhead?
Inca can help you decide which schemes will be most beneficial to you and to your staff, and assist you in introducing them through our trusted partner, Gemelli Employee Benefits www.GemelliEmployeeBenefits.co.uk.
Give me a call and let’s chat about what Employee Benefits can do for your staff – and your business!