Empower your teams and skyrocket employee engagement with salary sacrifice

Employee engagement can make or break any business, and the ramifications have the potential to be disastrous if it’s routinely overlooked.

A recent study by Gallup, claimed employee engagement can affect some of the most important aspects of an organisation, including revenue and profitability, as well as customer experience and employee turnover.

A disengaged employee is one of the biggest threats to an organisation’s progression, it added.

Employee engagement is something that can be measured in many forms, including the value they believe their work contributes to, the relationship they have with senior members of staff or their salary and rewards. An engaged workforce is far more productive in their work, with reduced risk of workplace burnout and improved staff retention.

For any organisation looking to take advantage of the many benefits that come with an engaged workforce, a salary sacrifice scheme is a rewarding incentive that can be implemented at no additional cost to your organisation, and can remove the hassle of sourcing, maintaining and driving a new electric vehicle (EV).

Employees have access to a wide range of a new EV with substantially lower monthly rentals that come with a maintenance package covering all scheduled servicing. Insurance can also be rolled into the monthly rentals, creating greater convenience for staff. With reduced running costs and all their costs wrapped into one price, driving away in a new EV has never been easier.

When they lease a salary sacrifice car, employees stand to make substantial monthly savings on their Income Tax and National Insurance Contributions as a result of their lower salary. By sacrificing a portion of their salary, the savings they make allow for a hugely competitive net cost of a new EV.

All the while, the employer pays less in Class 1A NI Contributions and can take advantage of additional extras such as Early Termination Insurance for further peace of mind.

Discussing the benefits of salary sacrifice, Corparison Business Centre Manager, Steve Hill, commented, “Our salary sacrifice scheme is a fantastic incentive that a business can implement at no additional cost.

“It’s a scheme that offers a worthwhile perk at a time where we’re all looking to save that little bit extra. It also demonstrates an employer’s commitment to employee well-being, leading to improved retention rates and a more motivated workforce.”

Experts in fleet management, electrification and salary sacrifice, the Corparison team can help your company effectively enter a new era of eco-friendly and cost-effective motoring. Trusted by a leading panel of funders Corparison can access every make and model of car the most cost-effective price for your employees.

For more information, contact Steve Hill on steve@corparison.co.uk, call 0330 818 2668 or visit www.corparison.co.uk.