Employee Benefits

Employee benefits is what we do. Discover the difference that a responsive, integrated and bespoke reward, recognition and wellbeing platform can make to your people.

An image of a sick teddy bear in bed with an orange overlay and the blog title "Prevent the poorly, How to reduce levels of absenteeism in the workplace"

Prevent the poorly! How to reduce levels of absenteeism in the workplace

There’s no doubt that absenteeism is on the rise, with AccessPeopleHR reporting a 55% increase in sickness absence rates since 2019. So are people all getting sicker, is the pandemic to blame, or is there more nuance to the issue? 

While illness among staff is an unfortunate inevitability, empowering your people to prioritise their health and preventing stress can help to minimise staff illness and burnout. Here’s some things that you can address to help reduce the sick days taken in your office. 

Let people take sick days! 

This might sound counterintuitive but hear us out. When employees feel pressured to go into the workplace when they’re sick, not only are they not getting the rest they need to get better, they could be spreading their sickness to others.

Sometimes people need to be reminded that it’s okay to take sick days, especially when they’re contagious. If rest is needed to recuperate and get better, then this is what will ultimately have the employee returning to the workplace sooner. Plus, having someone come to work with a violent cough and spreading it to coworkers, clients, and potentially customers doesn’t help anyone!

Work from home 

If your workplace has the facilities to enable working from home, this could be another option. Your staff member may be contagious with a sniffly cold but feeling fine to work. In this case, encouraging the employee to work from home means that they aren’t spreading their sickness, they have easy access to medicines, and if they need to lie down and rest, they are already home. Pushing employees to get up and out when they need to rest up could make them feel worse! Better to work from home than not work at all.

Flexibility and balance 

A common cause of employee absence is burnout, with as many as 20% of workers taking time off due to stress in the past year. What we can learn from this, is that burnout is bad from both employer and employee, and prevention is key. Enforcing policy and promoting working habits that are sustainable can help staff to have a healthy work/life balance. 

Taking breaks whether working within labour intensive or office jobs is essential. Physically demanding work necessitates physical rest, and having a screen break to stretch your legs in the office can actually make you more productive!

Another thing to remember is prompting employees to use their holiday entitlement. Ensuring that regular holiday is taken will provide staff with a break and reduce the likelihood of burnout. 

Employee Assistance Programme (EAP)

The strain on employees may not end when they get home. Not all stress-related leave is solely related to the workplace, so providing additional support for stressing factors that may be impacting your people outside of work can reassure employees.  

That’s where an EAP comes in. From legal assistance to financial guidance, speaking to an expert could help to smooth out any issues going on in an employee’s life. Sometimes counselling or advice is what is needed!

Health Benefits 

Of course one of the main ways to prevent staff absenteeism is ensuring that their physical and mental health is as good as it can be. Not all health issues are preventable, but aiding employees in taking care of themselves is a great start. 

Implementing a health and wellbeing programme could work wonders, with our package including an EAP, gym discounts, savings on food and supplement subscriptions, and plenty of other resources.

Or, opting for employee health insurance benefits may provide a safety net for when life just happens. 

Vocalise it!

Once you’ve got a clear policy in place, health and wellness benefits, and flexible working, it’s your job to communicate it to employees. Making your team aware and having reminders and demos of any platforms is the best way to increase benefit uptake, increase employee engagement, and get employees focusing on their health. 

And if you’ve got benefits and a workplace culture that you’re proud of, that’s worth shouting about!

Contact the My Staff Shop team to learn more about our EAP and Employee Health Benefits.

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How to use the My Staff Shop platform

The My Staff Shop Platform is a fantastic staff benefit, but how exactly is it used? While there are various perks such as the Employee Assistance Programme (EAP) and the exciting monthly lottery, let’s focus on how the employee discount scheme works.

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There are so many supermarkets, high street stores, subscriptions, and online services that staff can save money with when they use My Staff Shop. Scroll for inspiration or search your favourite shop to see if you could get a discount whenever you make a purchase.

Don’t worry, we’ve organised everything so you can easily see supermarkets, shops, holidays, dining, and more! Simply find the category that appeals to you, and see which stores you could be saving money at.

Purchase

Found the shop you’re looking for? Great! Now it’s time to buy a gift voucher for your chosen shop. Make sure to read the terms to make sure you can use in-store/online. You can also receive a reloadable Love2Shop card which is usable at over 90 high street shops and attractions; simply top it up before you shop!

Upon purchase, you will be given the option of receiving a discounted voucher, or saving in the form of our virtual currency, Reward Beans (but more on those later).

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When you’re in store, be sure to either bring your printed voucher, or show the cashier your e-voucher to spend it.

If you have an online voucher code, activate it and paste the code into the gift voucher section to apply the voucher.

Simple!

App

Yes, we have an app for that! Suitable for Android and IOS, the My Staff Shop App is easy to navigate. Pop in your login details to see your favourites, thrifty Daily Offers, and check out the new deals!

Reward Beans

If you choose to convert your savings into Reward Beans, you can save up more! Create a savings goal such as holiday, charity, or ISA, and reap the rewards as you shop!

Once you’re ready to ‘withdraw’ your savings, you can do this through purchasing more vouchers on the Platform.

Request a demo to get a walkthrough of our Platform, and see for yourself the fantastic savings at your fingertips!

 

An image of a women on the phone who seems stressed a block of text on the right with the title of blog "Stress management month, Employee wellbeing initaive"

Stress Awareness Month – Employee wellbeing initiative

This month is Stress Awareness Month, and managing all the things that life throws your way is not always easy. One in 14 UK adults feel stressed every single day, and this is on the rise. From responsibilities at home to tense work deadlines, it can be hard for some people to keep their heads above the water. Often employees feel like they have nowhere to go to help relieve some of these stresses without feeling like a burden to their employers. 39% of employees asked in a recent survey said they felt fear that they would be judged negatively if they were to open up about their mental health. It is time companies transform this narrative, and offering employee wellbeing assistance will help your team grow stronger, and relieve some of the pressures they may be facing.

Employee wellbeing is not just about mental health, but it is an important factor to think about when considering what your organisation is offering to employees. It is suggested that almost 13% of all sickness absence days in the UK can be attributed to mental health conditions. Because of this, Employee Assistance Programmes (EAPs) are now vital in the modern workplace.

EAPs can provide assistance in many areas of life. Not only can employees access help from counsellors and bypass long waitlists, but they can also receive legal support and money and budgeting assistance. But it’s important to pair this external assistance with internal support. Management can offer regular meetings or encourage open-door policies to talk to their employees about any issues they are having, without judgement. Setting the tone for a productive but understanding environment will make sure problems are not swept under the carpet, and the business and its employees can thrive.

Investing in a strong employee wellbeing programme not only relieves employee’s individual stresses, but also the company’s in general. Stress within the workforce can cause long-term absences and a decrease in productivity and overall morale, leaving businesses with an underperforming team, and more pressure to achieve results that without help, would be left uncompleted. And it’s not just beneficial to your current employees. A well-rounded wellness programme can attract prospective employees. For so many people, their career is not just about their pay, but the environment and opportunities a business has. After all, the majority of their time each day will be spent at work, and having wellbeing assistance readily available is an attractive offering. 

Ensure what your organisation is offering to staff will hit the mark on exactly what matters the most to your employees. Make sure your staff wellness package is tailored to meet the needs of your specific business; whether it be an EAP, health insurance or financial support. It has been reported that the rate of women who suffer from work-related stress is 25% higher than that of men. So make sure that everyone’s voice in your company is being heard when discussing ways to combat stress in the workplace, and communicate effectively with your employees about the most pressing issues that they need addressing. It is not always about what is offered, it’s also about taking the time to understand your employees’ specific needs and encouraging them to open up and feel respected, and ultimately, that they are receiving the help they may need.

For more information on employee wellbeing, book a free demo with our friendly team

Image of shopping trolley being pushed in a supermarket with green overlay and blog title 'Supermarket savings: one of the best employee benefits'

Supermarket savings: one of the best employee benefits

Finding the best employee benefits for your staff is key to aiding retention and satisfaction for your team. There are so many types of benefits you can offer, but what are some of the most valued? Looking at everyday problems and peeves that employees are facing outside of the workplace, cost of living is a biggie.

Inflation in the supermarkets has all of our jaws on the floor, and getting that weekly shop done seems to be getting more expensive with every visit to the shops – and is only due to get worse!

Shy of providing your whole workforce with a pay rise (which in most cases isn’t viable), supermarket discounts for employees gives them the chance to save on everyday spending is the next best thing. So what exactly could you offer to employees in terms of supermarket discounts?

Favourite supermarkets

Everyone has their favourite shops. Whether that’s due to price, location, or quality of produce, we all dabble with different supermarkets. As one size does not fit all, providing employee discounts for a wide variety of stores is the best way to ensure that your employees will get the maximum impact from their benefits. Sounds like a win, right?

The most commonly used Supermarkets in the UK include the likes of Tesco, Asda, Sainsburys, Morrisons, Iceland, Waitrose and more!

Budget friendly shopping

There’s two big supermarkets that so many people use to save on their groceries – Aldi and Lidl. Few discount schemes offer these shops within their savings programmes, but with My Staff Shop, you can either receive a discount or save up with our virtual currency, Reward Beans.

So on top of the endless sea of savings these two supermarket giants offer, employees using our Platform can save even more money.

Discounts or reward beans

The two ways that employees can save at supermarkets with My Staff Shop are through discounts when shopping, or by collecting Reward Beans, which can accumulate and later be spent as gift vouchers or cards across a huge variety of stores and services.

Or, using Reward Beans, employees also have the option to transfer savings into an ISA, towards a savings goal, or even to donate to a charity. In essence, Reward Beans can build up to a nice nest egg to put towards a holiday or rain day savings.

How much is saved?

So how much can actually be saved? Through the use of My Staff Shop, an average family of four could save up to £1,000 a year – all while sticking to the same shopping habits! The only difference is adding the step of using the My Staff Shop portal, which within a few taps can have your employees saving cash on everyday purchases.

Learn more about Discounts and Savings with a free demo from our friendly team.

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What is On-Demand Pay and why should employers care? 

On-Demand Pay (ODP) is fast becoming the norm for many workers. The NHS, Tesco, Capita and McDonald’s already offer it, and one in five Americans and 15% of British workers are already paid this way.

This is the ultimate ‘cheat sheet’ and explains everything employers need to know about ODP in plain English.

ODP Meaning

ODP is a tool that gives staff the flexibility to access their earned income anyday they need, rather than having to wait for payday.

New technology enables this relatively simply, without impacting the employer’s payroll process or cashflow.

Is this the same as a wage advance or loan?

No. It’s important to note that this is not a loan and, accordingly, there is no interest to be paid by the employee. It is also not an advance, as only money earned – rather than future earnings – can be accessed.

Alternative Names for On-Demand Pay

Confusingly, ODP is often referred to by other names, including:

  • Earned Wage Access
  • Wage Advance
  • Flexible Pay
  • Employer Salary
  • Advance Scheme
  • Instant Pay
  • Early Wage Access

All of the above refer to exactly the same technology, simply by different labels.

Worked Example

If Steve gets paid £100 a shift and has worked 5 shifts since his last payday, he has earned £500 in gross earnings. Usually, he wouldn’t be able to access this until payday, which could still be many weeks away.

ODP would allow him to withdraw a portion of this immediately. If, for example, his employer had set the cap to 50% of gross earnings, Steve could access up to £250 on this day of the month.

On-Demand Pay Pros For Staff

Avoid Debt: Without adequate savings, many people turn to debt when unexpected costs arise. ODP is significantly more affordable than credit, approximately 99% cheaper than a payday loan, and is totally debt-free.

Easier Budgeting: Many workers find it easier to budget over shorter time periods and withdraw money as direct debits come out, rather than managing a single pot of money across a whole month.

Available to Everyone: Unlike most financial products, ODP is available to all employees for the same cost; regardless of their credit history or relationship with their line manager.

On-Demand Pay Pros For Employers

Reduce Staff Turnover: Employees are less likely to change jobs and will be reluctant to move into roles where they cannot be paid on demand. Some employers have reported reductions in staff turnover as high as 50%.

Recruit Staff More Quickly: If a candidate has a choice between two very similar jobs, but one offers ODP, they are likely to choose this over one that does not.

Fill Shift Rotas: Staff are far more motivated to work overtime and extra shifts when they get paid for them sooner. Some employers have reported more than a 60% increase in shift-filling even when paying the same hourly rate.

Reduce Absenteeism: Studies have shown that On-Demand Pay reduces absenteeism by an average of 13%, as workers are less stressed about their finances and reminded more frequently of the financial reward for their work.

On-Demand Pay Adoption in the UK

ODP has proven very popular with workers in recent years and enjoys a much higher take-up rate than almost all other employee benefits. It is common for over 50% of staff to use it at some point.

Nine out of ten UK workers would like access to it and, as reported in the Guardian, a majority of British workers would even prefer ODP to extra paid holiday.

Amongst the HR community, there is a growing consensus that, over the next 12 months, ODP will, in some industries, shift from a ‘nice-to-have’ to a ‘must-have’.

15% of all UK employers now offer On-Demand Pay including, but not limited to:

  • Amazon
  • The NHS
  • Amazon
  • Local councils
  • Capita
  • Tesco
  • Green King
  • Hilton
  • McDonald’s
  • Subway
  • Walmart
  • Co-op
    And many more…

Learn more about Level here, and if you’d like to hear more about our other benefits, contact us for a free demo

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Support employees in saving for the future: ISA investments

Most people are saving towards something. In a recent survey 68% of Brits have some money saved up – whether it’s for a new car, moving house, retirement plans or a holiday, people are planning ahead. But a monthly salary can only go so far, and the temptation (or sometimes necessity) to dip into a savings pot can be all too easy. So how can My Staff Shop help your employees start saving smartly, and expand your employee benefits offerings? Look no further than an ISA through My Staff Shop.

An ISA, or Individual Savings Account is pretty much what it says on the tin. It is an account that holds cash and/or investments without to paying tax on any interest, investment income or gains on the money held within the account. With interest rates fluctuating all the time, having a Stocks and Shares ISA like the ones offered by My Staff Shop means not only the money you are putting in is safe from being taxed, but also stocks and shares perform historically much better than cash & the rate of inflation over long periods of time. With all these perks, it’s clear why there has been an uptake in the amount of ISAs opened. In 2020, there was an increase of 310,000 Stocks and Shares ISAs opened, bringing the total to 2.73 million open accounts. So what is special about opening an account through My Staff Shop?

Opening a Cushon Stocks and Shares ISA with your My Staff Shop account means that not only can you add money from your wages or other savings accounts, but also your earnt Reward Beans. Any Reward Beans you have collected through purchasing gift cards or through our cashback links can be added directly into your ISA. So using your My Staff Shop account really is a no brainer if you or your employees are looking for a simple way to start their savings journey. Sometimes starting to put aside money can be a daunting task. But if you are regularly using the My Staff Shop platform to purchase your groceries, fuel, cinema tickets or clothing (to name just a few!) then you can passively start saving with little effort, and without adding more stress at the beginning of the month. You can even transfer as little as £10 a month, making it flexible to your financial situations. 

With an ISA set up through your My Staff Shop account, you can create valuable savings for the long term, just by adjusting your spending habits and shopping through the platform. So next time you pick up a new pair of jeans or grab a latte – you may just be investing in your future!

To learn more about savings and discounts, request a free demo.

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Employee Appreciation Day

Happy Employee Appreciation Day 2024! Of course appreciating employees should be a year-round thing, but sometimes having a reminder to take a step back and look at how you’re showing staff that you acknowledge and are grateful for their contributions is useful. In celebration of Employee Appreciation Day, here are the top ways to make employees feel appreciated.

Verbal feedback

This one sounds obvious, but it can be easy to get caught up in the work and forget to communicate in words your gratitude to employees. A ‘well done’, ‘great work’, or ‘thanks for doing that for me’, can go a long way.
 

Gestures

In the same vein as verbal feedback, gestures to say thank you can brighten an employee’s day instantly. Whether that’s getting a box of doughnuts for the office, a thank you card to an individual that’s gone above and beyond, or a bonus if you have the means.

Communicate to remote employees

In an age of hybrid and remote working, it has become necessary to get creative and find solutions to any miscommunication or isolation that could come of working from home. Whether it’s scheduling in a regular 15 minute coffee and catch up to discuss both what people are working on and also a more general chat, or organising social events to provide a chance of face to face interaction, there are ways to get everyone involved.

Show trust

Micromanaging and unnecessarily questioning employees is a fast track to making them feel surveilled. While it’s important to keep in the loop with your team, finding the balance to show that you are happy with their output and trust them to manage their time and tasks effectively is key.

Enable growth

An effective way to show appreciation to staff is by proving that you find them a valuable asset and wish to invest in their future. In knowing that there’s an opportunity for growth at the company, employees will feel appreciated.

Personalised benefits

Reward staff with benefits that they want. By offering up a flexible benefits package, such as discounts and savings at a huge variety of shops, they can pick and choose when and where they want to receive their benefit. As a result, everyone feels equally rewarded!

Celebrate milestones

Working at the same place for a long time can represent both security and mundanity, depending on attitudes towards the workplace. By celebrating loyalty and long-standing working relationships, employees will know that their commitment to the company hasn’t gone unnoticed, and this can boost morale in a big way.

Encourage peer to peer recognition

Employee appreciation doesn’t exclusively apply to management; promoting a culture of appreciation can really boost morale and workplace relationships. Perhaps having employees nominate one another monthly for reward tokens (e.g. gift cards/a half-day off), could help them to really think about how hard their peers are working.

Create a pleasant workspace

Something that is important for everyday working is the space. By creating a friendly, comfortable environment to be productive in, employees will feel looked after and valued. Spice things up with a bit of a revamp – think plants, funky wallpaper, desk decor, and framed prints!
 
Show your staff appreciation with a comprehensive employee benefits package. Request a free demo, today.
 
 
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What savings can I offer my employees?

2024 is starting off with more financial uncertainty. Data shows that the UK has fallen into a recession, and with world politics & economic decline causing more concern, keeping your money exactly where you need it is important to make sure this year can feel more financially secure.

Everyone has a different idea of what things count as a luxury, and what are essentials. Consider what you yourself would save up on, and what you would splash out on: would they line up with all of your colleagues and employee’s ideas of essentials and luxuries? This is why having access to My Staff Shop, a savings platform that’s available 24/7 will mean that they can make a saving at the right time, not just when pay day rolls around. Your employees will be able to access a wide range of retailers across various trades. And the best part: My Staff Shop do all the hard work of saving for you and your employees, compiling discounts, corporate rates & cashback offers all in one place.

A business no-brainer

It can be hard to put the overall savings your employees and your business can make into context. With My Staff Shop, an individual can save around £1000 per year when fully utilising their My Staff Shop account. If a business were to give 200 colleagues a £1,000 pay rise, it would cost the company £200,000 annually. The real issue here is that the employee will only see around £667 of that in their bank account after taxes, which when everyone is feeling the pinch, is a big cut.

Providing the tools your employees need to save on daily expenses will make sure each individual employee can save money on the exact things they need. Whether it’s their weekly shopping, clothes for their children, or treats out with their friends and family.

Making R&R personal

Reward and Recognition is a familiar sounding offer for most HR managers. In a recent survey, 55% of UK employees wanted more Reward and Recognition implemented, and making sure that those hard working employees feel valued and listened to is the foundation of a strong and successful team. So why not make sure these rewards are personal, and tailored to each individual that receives them?

Awarding employees and colleagues My Staff Shop ‘Reward Beans’ will give them full access to whichever retailer they would like to spend their well deserved reward with. In some cases, it may be put towards the latest tech, or home improvements, and in others, a meal out or that week’s food shop taken care of. Giving employees the freedom to make their own decisions on what they want their rewards to go towards will make these rewards much more personal and memorable to the individual. It will also encourage hard work across your company, and inspire more to work hard, and have it pay off.

Using Reward Beans also means that employees can save each given reward in their My Staff Shop account. Combining these RBs with those earnt through cashback or gift card purchases means that by the end of the year, your employees can have a nice savings pot, ready for holiday bookings, Christmases or birthdays.

A little extra step to success!

It isn’t easy to break the habit of a lifetime. Most people prefer to shop in a very specific way: some enjoy heading into their local shopping centre with friends, some love to sit and scroll away online for their shopping, and some mix and match with click and collect at a time that suits them. My Staff Shop focuses on encouraging employees to continue shopping the way they love, but adding My Staff Shop into their shopping plans. Before you click continue to checkout, or head over to the tills; with a few extra clicks, you can save money on the shopping you’d already planned to do! Adding a tool like my staff shop to your belt can help stretch pay in a way that is simple, and straight forward.

Let’s break the savings down in an average week: the food shop at Tesco, a takeaway from Just Eat, a new book or game from Waterstones & a present purchased online from Amazon or Etsy. My Staff Shop can offer discounts on these retailers and many more, showing just how easy it is to find a saving on everything your employees would want.

Interested in discounts for employees? Request a free demo today.

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How to be a champion for employee wellbeing

Thinking about wellbeing isn’t something reserved just for Blue Monday. Employee wellbeing is important, and your team appreciates you not only stating that, but making sure you walk the walk when it comes to policy and practice. If you feel like you could be doing more to help employees to manage their wellness, there are things that you can do to support your staff further.

Actions speak louder than words

When it comes to wellbeing, there can be a lot of virtue signalling that ultimately isn’t acted on. Claiming to have a positive work culture and support employee health and wellbeing is all well and good, but actioning these words and prioritising your staff is a big part of it.

By implementing comprehensive wellbeing policies, keeping staff up to date with relevant training surrounding mental health, and ensuring that their wellbeing is taken seriously, you can ensure that employees feel cared for and able to care for themselves properly. Offering up mental health days or simply not being too stringent on sickness days can allow your team to rest up and feel better.

Removing the stigma

Mental health can be a difficult topic to broach for a lot of people, owing to years of social shame and stigma. While things are much better than they used to be, we still have a long way to go. The shifting in attitudes over time has helped to address how we can improve mental health and wellbeing.

By opening the conversation, creating a non-judgemental atmosphere, and showing that feelings are valid, the stigma behind mental health issues can be minimised. While you may not personally be the go to person for employees to discuss issues, creating wellbeing contacts within the workplace gives your people someone to go to. Whether that’s someone who regularly checks in on the team or your employees know they can go to them if they need to discuss more personal issues; ensuring that this person is adequately trained is important.

Promote regular breaks

Sometimes people need to be told to take a break. Maybe they’re just hard-workers that get too fixated on tasks or perhaps they are worried about getting into trouble for not working hard enough. Well, as breaks can boost mood and reduce stress (in addition to improving productivity), taking them over the course of the workday is hugely beneficial.

If the job entails sitting at a desk all day, promoting screen breaks and movement can give employees a fresh focus upon return. If work is more physically demanding, allowing rest breaks will help your team to recuperate their energy. It may not be practical to have constant long breaks, but a few ten minute breaks throughout the day is an idea.

Bring on the benefits

There are offerings that you can provide to your employees to enable them to prioritise wellness. For example, having an Employee Assistance Programme (EAP) gives employees resources and services to help with any personal problems they may encounter. From legal aid and financial advice to counselling services, having an EAP available to your team gives them a place to go when they need help.

Another way to help employees on their wellbeing journey is by offering discounts for any products or services that could help them. From savings on mindfulness services to gym discounts, you can help employees to feel their best by making health and wellness easier and more affordable.

Check please!

Checking in on your staff is a good way to see how they are doing. Regular one-to-ones are a great way to ensure that your team is happy with the workload, the culture, the working processes and any other day-to-day operations. Getting swept away with work and forgetting to check in can happen, and that’s why scheduling in regular catch-ups gives you a chance to survey staff satisfaction and hear individual experiences.

Listen up!

One of the most effective ways to understand what employees need is to listen. Asking for feedback will give you answers, and by creating anonymous questionnaires and surveys you can receive honest responses about the wellbeing of your employees.

Include questions about what they like and what they’d like to see more of, and something might pop up that you didn’t even think about. The best way to know about your employees’ wellbeing is to hear straight from the horse’s mouth!

Interested in wellbeing benefits for employees? Request a free demo today.

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Embracing EVs: Driving your way to Corporate Responsibility

The rise of Electric Vehicles (EVs) parallels the growing popularity of sustainability initiatives worldwide. Over two thirds (70%) now expect their employers, or potential employers, to be proactively working towards sustainability. So it’s not a surprise companies are paying more attention to their Corporate Social Responsibility (CSR) and any Environmental, Social, and Governance (ESG) initiatives, and aiming to become a B Corp.

One simple step businesses can take towards sustainability is by offering sustainable choices to their employees, like the provision of EVs.

Why should businesses care about sustainability?

Well, besides the fact it’s the right thing to do, there are many benefits for businesses having sustainability as a core value.

  1. It helps with employee engagement and retention – employees today seek more than just a job – they seek alignment with their values. Companies prioritising sustainability often see higher levels of employee engagement and retention.
  2. It can reduce costs by minimising waste, energy consumption, and water use.
  3. It can increase market share – if you are seen (and act, no greenwashing please) as an ethical business that cares about people and the planet, your market share will likely grow.

How can your business become more sustainable?

From going paperless to using green energy, there are many ways you can become more sustainable. More recently, businesses have taken to offering things like EV salary sacrifice options.

Switching to EVs is a simple, but impactful, way for businesses to adopt sustainable practices. Drivers can save up to 2.6 tonnes of carbon every year by switching from fuel-powered cars to an EV – that’s the same as planting 1,300 trees! Imagine the amount of carbon your business would be saving if your entire workforce adopted an EV.

So, with the impending ban on petrol and diesel cars, and the increase of ULEZ zones, many businesses are looking to improve their sustainability efforts and help employees access environmentally-friendly transport options, by offering EV salary sacrifice schemes (with no cost to the actual business itself).

And if you need more convincing, our customers have said, “We shortlisted EV salary sacrifice schemes and Octopus EV came out on top because of all the additional benefits that they could offer”, and “Retain staff for longer, reduce carbon emissions, and pass on green tax savings to our team – it’s not a difficult sell”.

What is an EV salary sacrifice scheme and how can it benefit my business?

Enterprises are leveraging EV salary sacrifice schemes, such as Octopus EV’s salary sacrifice scheme, to empower employees to embrace eco-friendly transportation. Salary sacrifice allows employees to save up to 40% off a brand-new EV. It works by employees giving a portion of their salary in exchange for an EV, saving on income tax and National Insurance contributions.

And with Octopus EVs salary sacrifice scheme, you get some extra perks, such as:

  • A free home charger (including standard installation)
  • 4,000 free miles of charging
  • Servicing and maintenance included for the whole of your lease
  • Insurance and breakdown cover for the entirety of your lease

With expert advice from Octopus, this makes it super easy to make the sustainable switch to electric for an employee. We found that most employees (61%) want to make the switch to an electric vehicle (EV) for their next car but price is a key factor for most (78%), so offering EV salary sacrifice schemes can get over this hurdle and offer your employees a benefit they want.

They cost nothing to set up, are cost-neutral to run, simple to manage and are low risk with early termination protection built in; they are a clear benefit to any sized business looking to adopt more sustainable practices.

But, why EVs?

In today’s business landscape, sustainability isn’t just a buzzword; it’s a strategic advantage. Offering EV schemes is not merely a gesture; it’s a step towards a more sustainable future and a future that is desired by the wider employee population. Through our Sustainable Workforce Report, we found the majority of employees (74%) said they’d want their employer to offer an EV salary sacrifice scheme when they were shown what was included.

As EVs gain popularity and legislation evolves, companies embracing this transition stand to benefit from enhanced employee engagement, strengthened Employer Value Proposition (EVP), and an amplified brand reputation.

The rise of EVs symbolises a broader societal shift toward sustainability. By embracing this change, companies can not only contribute to a greener future but also foster a positive workplace culture and set themselves apart as responsible corporate citizens.

Want to learn more about implementing an EV salary sacrifice scheme with Octopus EV? Register your interest here and a member of the team will reach out

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