If you’re an employer, how do you recruit, motivate and retain the best employees? Pay them well, of course. But that’s only part of the answer. In recent decades, supplementary rewards – such as company cars – have become increasingly popular, and increasingly important.
Well-designed benefit schemes can offer big advantages to employers and employees alike. They can help employers to engender loyalty among their workforce, and to motivate them to be more productive. They can give employees more control and flexibility over their remuneration, enabling them to choose the options that work best for them. And they can bring significant tax advantages for both companies and employees.
But the employee benefits landscape is changing significantly – especially when it comes to company cars. Last year’s reforms to salary sacrifice schemes, coupled with rising Company Car Tax rates, are changing the calculations that businesses and their employees have to make.
There are a lot of considerations that go into designing the right employee benefits package. To help you get those right, LeasePlan has published a new whitepaper, setting out the benefits of reward schemes, explaining the different ways of providing a company car, and looking ahead to What’s next for those schemes.
Download your free copy today.
To learn more about employee benefits – including how to communicate new employee benefits – take a look at our latest guides and articles here. Or get in touch with our expert team on 01753 802448 or email firstname.lastname@example.org – we’re always happy to hear from you.