Wednesday, 16 December 2015

Another way for SMEs to retain their staff

Midlands-based employee benefits provider, Busy Bees Benefits has extended its current Car Leasing offering to smaller businesses. Until now, the company’s car leasing salary sacrifice scheme was only available to larger businesses employing over 1,000 members of staff. Businesses of all sizes can now take advantage of the scheme and the National Insurance savings that follow.

The benefits firm, which works with public and private sector businesses, made the move as part of a process to help smaller businesses with staff recruitment and retention issues. The Car Leasing scheme allows employees to sacrifice or exchange salary for a fully funded car. The scheme can save employees up to 45% on motoring costs when combined with some of the latest cars on offer. Employers save £200 National Insurance contributions per car taken out on the scheme.

“Salary sacrifice cars were the second fastest growing benefit of 2014,” commented John Woodward. 

Word is getting around about the scheme’s benefits and the savings that are actually made by putting one of these schemes in place.

“We’ve offered the Car Leasing scheme to larger businesses for a long time – it proved to be a very popular benefit and the feedback we’ve received from current clients has been great. It was only right that we made it available to smaller businesses too.

“Often, smaller businesses are competing with larger businesses in the recruitment market. A great benefits offering can make all the difference when attracting the right staff.

“And of course, once you have them, these types of schemes can help retain them for as long as possible!” he concluded.

Businesses wanting more information on Car Leasing schemes can contact Busy Bees Benefits on 0330 333 9100 or email employer@busybeesbenefits.com for more information.

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