What is Reward and why do I need it?
Are employees coming to you claiming that they are underpaid? Are you in a position to respond with any sense of authority? If not, engage Cornerstone Resources and we can guide you as to the market value of your employee’s roles. We can also advise on items such as how to best utilise your salary spend or what you should be setting aside to ensure you stay market competitive. We can also help you with the rest of your employee’s compensation package.
Using our significant knowledge of the UK employee benefits industry, we can help you access a range of employee benefits that will not only deliver value to your employees but will help you recruit and retain the skills you require to keep your business healthy.
Why provide employee benefits?
They are a great way to increase engagement with your employees. Not everyone wants a ‘one size fits all’ package and with up to four generations in the workforce, there are often very different wants and needs within the same office!
Will this cost a lot?
The best thing of all is that many of them are cost neutral for your organisation. So you can provide your employees with a choice of how they want their overall package to look like without it costing the earth. Some options can be achieved via salary sacrifice which also delivers savings on National Insurance contributions and income tax.
What employee benefits are available?
A wide range of employee benefits are available in the UK. Below is a list of some of the options open to you but it is by no means exhaustive.
- Childcare vouchers (until October 2018 only)
- Cycle to work
- Private Medical Insurance
- Health Cash Plans
- Voluntary Benefits
So if any of the options listed above are of interest you, contact us by clicking the below button or call 07494 161169 or 07908 875146 and we can help provide your employees with a benefits package that meets their needs!
Does performance related pay work? I’m currently planning the salary review process for a client. The general principle is that we reward for performance. It’s something I’ve heard expressed many times before and on one level it makes sense. Why not give more to your best performers? The problem is that salary budgets have been
So it’s nearly Christmas and thoughts turn towards the work Christmas party. You may be wanting to reward your staff with a free night out to thank them for all their hard work throughout the year. At the risk of sounding like an HR killjoy, it’s one to think very carefully about or it could
UK salary projections for 2019 Anyone who has tried to work out anticipated salary increases knows they are on to a hiding to nothing. Newspaper articles are regularly broadcasting recent settlements as if they are the standard rise for all employees. The problem with articles such as this is that they are often based on a
According to the attached article, two thirds of SME bosses believe that they face a benefits gap in comparison to larger employers. The research, carried out by Opinium in March 2018 among 508 decision-makers at organisations employing between 50 and 299 staff, found that 69% of senior managers believe they have a duty to provide benefits beyond pensions.
Intensive lobbying from interested parties has failed to change the Government’s mind on removing childcare vouchers. From 4th October 2018, the current childcare voucher scheme will be closed to new entrants and the only option on the table (for those who are eligible) is tax free childcare. We find it disappointing that the Government has