Staff salary increases….if budgets are tight have you considered introducing private medical insurance or protection as a perk instead?
It will be a benefit to the staff giving them quick access to private hospitals to discuss and have treatment on worrying medical symptoms. Plus, for the small amount of tax they will pay though P11d, it’s a small price to what they would pay if they wanted this perk out of their own pockets. Also, many insurers will give staff large savings of gym memberships, cinema tickets and many other leisurely savings.
As a business it’s perhaps a more affordable option. The businesses can also adjust the expense against their own tax calculations. You would benefit from the following too:
• Employee benefits for your staff recruitment and retention needs
• Reduce work absence with speedy visits to private consultants that will alleviate worry.
• Recover quickly and in comfort with your own private hospital room. Staff can return to work quicker helping you steer the ship.
Please contact us for more details. We will obtain quotes, negotiate rates and discuss with you the best options.