What is Salary Sacrifice?
Salary Sacrifice Schemes allow employees to contribute a proportion of their gross pay towards non-cash benefits. We like to call it salary investment!
What Salary Sacrifice Schemes are out there?
What is the benefit of a salary sacrifice scheme to your staff?
As Salary Sacrifice contributions are taken from gross pay, they are able to lower their National Insurance and income tax contributions while still receiving the full buying power of their gross pay.
How do I set up a salary sacrifice scheme for my employees?
If you do not have a salary sacrifice package in your business, the team at My Staff Shop are here to walk you through the process of setup and roll out across your organisation. If you currently have a scheme in place we can integrate your existing scheme or you can look at implementing some elements of the My Staff Shop scheme – please contact the team today to talk through your requirements.
What are the benefits?
There are many proven benefits to a company from a well ordered reward scheme:
Want to have all these benefits?
Our experience plays an important role in improving staff retention, improving the quality and volume of candidates applying for roles.