If you are rewarding staff by salary alone you are using the most expensive form of reward. Employers running the Rewards Direct scheme receive National Insurance and Tax Deductible benefits and can achieve the equivalent of a 15-20% pay increase for a contribution of just 0.5%, with over 20 different categories A few examples are listed below:
- Discounted petrol/diesel
- Discounted food shopping
- Child care vouchers saving £994.00 per annum per employee tax free and saving the employer 8.8% on NI contributions (Employer staff schemes only)
- 20% Discount at over 750 national garages inc MOT's, 10% off tyres from national suppliers
- 50% off over 3000 restaurants or 25% off total bill (including drinks)
- 25% off at Oddbins
- Hotel discounts of up to 70%
- 20% off food and drink at national train stations inc: Real Pubs, Burger King, Upper Crust, Pumpkin, Millie's Cookies, Caffe Ritazza, Delice de France
A good employee discount scheme will create loyalty, motivation and goodwill, well in excess of the cost.
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