How to attract and retain talent
More money. Nicer car. Happier staff.
Salary Sacrifice is your secret weapon in attracting staff
How salary sacrifice works
FAQs
What happens if an employee leaves?
It covers your business in this exact situation, to prevent you getting any early termination fees.
There are some Ts and Cs with this, so it is worthwhile taking the time to understand this if you are thinking about setting up a salary sacrifice scheme.
Is salary sacrifice a lot of work for HR?
This ensures a smooth and hassle-free experience, allowing your HR team to focus on other important responsibilities without added burden.
Will staff actually use salary sacrifice?
Yes, staff will actually use salary sacrifice if they understand it, the options include electric and hybrid cars, and the price is competitive.
To ensure this happens:
- We educate your employees with video content and live podcasts.
- We offer a range of electric and hybrid cars.Â
- We have 11 funders competing on price, ensuring the best deals.Â
Most competitors only work with one funder, leading to higher prices for their cars.
Our competitive pricing and comprehensive education make the scheme attractive and accessible to your staff.
What type of companies get salary sacrifice?
Salary sacrifice schemes can work for companies of any size. They are particularly popular with:
- Medium to Large Enterprises:Â These companies often have the resources to implement and manage such schemes and benefit from the scale of employee participation.
- Tech Companies:Â Known for offering competitive and innovative benefits to attract top talent.Â
- Financial Services:Â These firms frequently use salary sacrifice schemes to provide valuable perks to their employees.
- Sustainability-focused Companies:Â Businesses committed to reducing their carbon footprint often leverage these schemes to promote the use of electric and hybrid vehicles.
Overall, any company looking to enhance its employee benefits package and promote sustainability can benefit from a salary sacrifice scheme.
Who tends to set this up within a business?
Collaboration between HR and Finance ensures a smooth implementation and maximizes the benefits of the scheme.
How do you get started?
This ensures all key stakeholders are involved in the initial discussions, making the process smoother and more efficient.
