With Christmas looming, lockdown 2.0 under way and months of financial pressure - we’re here to help you reward your employees for less this year…
Prolonged periods of furlough and loss in profits for companies have, understandably, been making the nation tighten purse/wallet strings. Give your employees access to a range of leisure and retail discounts, to help their salary stretch further.
Example savings for Christmas shopping on Wider Wallet (our closed user-group discount website).
- Save up to 25% on your order at Mankind (mens grooming)
- 40% off all jewellery at Gemondo Jewellery
- Enjoy 25% off all flowers at Blossoming Gifts
Using salary sacrifice to reward your employees
Reward and recognition should be a vital part of your employee retention strategy, but that doesn’t mean that you have to break the bank.
Allowing your employees to purchase additional annual leave through salary sacrifice, enables them to maintain a better work/life balance. Say thank you to employees by giving them the most sought after gift… time.
The cost of such schemes are often negated by your savings on National Insurance (NI) contributions for each scheme member, as well as savings on your total annual salary bill.
Most providers will manage these schemes with no administrative fee whilst you, the employer, make savings on NI contributions for each member on the scheme; effectively generating income for the company.
Offering employees this type of benefit says thank you in a big way, by promoting health and wellbeing. Don’t forget, the scheme also covers safety equipment so employees can stay safe while cycling this winter.
Why not just say “thank you”? A simple gesture often goes a long way, and e-cards are a great way to spread recognition. With our solution, you can create bespoke templates; a small fee for a massive thank you this Christmas.
Reward your employees this Christmas and house all of your benefit and recognition modules in our Wider Wallet Benefits Hub, designed for convenience and joy for everyone. For more information, please contact us.