Daly Park | Tax advice and Accountant News

A New Approach to Employee Benefits

24 May 2022

Stand out as an employer - balancing tax perks with desirability.

Like most business owners, you have probably experienced the squeeze on recruitment and retention that has been prevalent over the last 12 months or so.  Ipsos research indicates that over a quarter of workers have thought about quitting their work and another quarter have looked for another job.  These are alarming statistics if you are running a business, planning on growth, looking after customers and ensuring that your current staff do not become overwhelmed.

A well-designed employee benefits package can offer a suite of desirable perks without simply throwing money into ever-higher salaries and may make the difference between a good candidate choosing you over another firm and dissuading current employees from jumping ship.  Some benefits also carry valuable tax advantages for both the employee and the business.

Read our Employee Benefits Update for more information and some inspiration on: cash, commission and bonuses, company cars, gifts, parties, cycle-to-work scheme and private medical cover.

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