Reply To: Time For Motability To Trim Some Fat

#318355
Avatar photoAbercol
Participant

    Having organised the add-on contracts for my employers HR I can tell you that the only unusual and incidentally worthwhile items on there are the non-contributory pension (usually reserved solely for upper management – nice to see it cover everyone) and the free health insurance – ditto on usually free for upper management, screw the rest of ’em typical PLC approach.

    The employee discount scheme is a crock of shite, but costs the firm nothing, companies approach you to offer this to your staff. Subsidised gym, Cycle to work, health schemes aside from free private healthcare/wellbeing are all part of any half decent firm’s HR offering nowadays & again are pennies to offer. Salary sacrifice is common too – every man and his dog offer it – take a look at Tusker though, the costs on a lease are stupidly high and only make sense if you are on a huge salary looking to offload as much 40% tax hit as possible. We actually want all staff to use this as it reduces Motability’s NI contribution so actually lowers costs for them (and subsequently us).

    Son works for an American plc, gets all of the above, free gym, except the non-contributory pension. He does, however, gets a free £15 deliveroo voucher each day for lunch.  He bought his own car as it was loads less than the same offering via salary sacrifice. As for wages, the lowest paid member of his firms staff earns £36k per annum (the receptionist I think).

    The health screening/dental care is roped in with the private healthcare, it’s only a few quid more per annum for the firm. Wife used to have it in her old job – she got free glasses too if I recall. That was a small architects firm.

    I’m not standing up for Motability, just letting you know that a lot of these perks are pretty standard in modern plc’s and indeed the public sector. My wife is a teacher, her employer, the local council, offer all of the above apart from free healthcare and pensions (the death in service is only 3x her salary, not 4…). Thats how I know about Tusker as thats her work salary sacrifice scheme lease firm.

     

     

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