The world of employee benefits is a
multifaceted one, consisting of all sorts of varied schemes. At Busy Bees
Benefits, we continuously research new products that will appeal to our clients.
Our mobile phone salary sacrifice scheme has been going from strength to
strength since its launch in April 2014. Our Mobile Phone salary sacrifice
scheme provides employees with substantial savings on their mobile phone bills,
allowing employees to make tax and National Insurance savings of more than £400
over a 24-month contract.
Unlike
similar schemes currently on the market, this product really is giving
employers and employees something to talk about! Our scheme stands out from the
rest as we offer the latest handsets at competitive tariff rates. You are bound
to find a package that suits you.
Here are
eight reasons on why our mobile phone scheme is great for your business:
1. Save through tax & national insurance savings:
Our salary sacrifice scheme will
ensure that you and your employees make savings. A monthly amount is deducted
from their salary which is tax and national insurance exempt. Below is a
graphic illustrating how this scheme effectively saves employees money.
2. No
upfront costs for employers:
There are no set up costs for
employers when implementing this scheme. They are
required to pay a small service charge; however they will make savings as they do
not have to pay Employers National Insurance contributions.
required to pay a small service charge; however they will make savings as they do
not have to pay Employers National Insurance contributions.
3. Increase staff morale:
Typically, smartphones on the high
street are very expensive as they tend to incur additional costs. By providing
this scheme to your employees, you are making it feasible for them to have smartphones.
Consequently, they will pay less for their phone on this scheme. This will in
turn, increase staff morale and motivation.
4. Staff Retention:
At a time when pay rises are harder
to give, this scheme can be used as a non-cash incentive which could provide
greater savings than a pay rise would give. Employees want a better work-life
balance and these days, there is an expectation that employers should help them
to do this. This scheme is valuable to employees as it helps with everyday
lifestyle costs. Not only is this scheme a great tool for retaining valued
staff, it can also help you to recruit the best talent.
5. Competitive
tariffs:
Due to the nature of the salary
sacrifice scheme, employees can get more for less. All of our tariffs come with
unlimited minutes, unlimited texts and 2GB data as standard. Data packages are
very costly on the high street as costs increase in line to the data amount
offered. Our data packages are included in the contract; they start from 2GB
and go up to a gigantic 32GB! We have a large scale of tariffs ranging from the
Apple iPhone 6 128GB handset for £51 a month to the Samsung Galaxy S4 16GB
handset for £22.44 a month
6. Access to discount card
With this scheme, employees also get
access to discount cards, allowing them to make additional savings on their
lifestyle costs. The discount cards consist of discounts at restaurants,
supermarkets, days out and more. Some of our current offers include 10% off at
restaurant Bella Italia, 7% off at Topshop and 8% off at American Golf, 4% off
at Asda and 7% off at Mothercare.
7. Easy streamlined process:
We have a user-friendly system that
is operated entirely online. We have ensured that our system is very efficient
and that we have a swift order process for employees. Busy Bees Benefits do all
the administration, thus, minimizing your workload.
8. UK
based customer service team:
Our UK based team are available
Monday to Friday from 8am till 6pm. We provide a friendly, bespoke service and
we are happy to help.
Results:
- The scheme is already available to over 10,000 employees.
- More companies are signing up to the scheme on a daily basis
- The uptake on the Apple iPhone 6 alone is reaching penetration levels of 50% in some employers.
- Testimonial from renowned British tool company, “the scheme has been received very well by staff. It was very easy to set up and a smooth process overall.”
If
you are interested in this mobile phone scheme please contact Busy Bees
Benefits on 0330 333 9100 or employer@busybeesbenefits.com. Alternatively visit here to learn
more, www.busybeesbenefits.com/mobilephones.
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