Ensure your employee benefits are in check this financial year by answering these 3 simple questions.

The beginning of the new financial year is a prime time for reviewing employee benefits.  If you currently offer benefits to your employees, it’s important to ensure your offering is in peak condition for the year ahead, and if you don’t already offer benefits, it’s definitely worth looking into introducing them, both for their motivational and financial value. 

Like everything, employee benefits need to remain fresh –  for a successful benefits package, you’ll need to make sure your offering remains relevant to your workforce, compliant with legislation, and that your benefits are promoted effectively to ensure on-going engagement.  When reviewing your employee benefits, some key questions to ask yourself are:

Have you taken note of any new legislative changes which may affect your benefits?

It’s essential that your employee benefits always remain compliant with governing legislation.  A good employee benefits provider will help you with this, for example, Wider Plan provide full on-going support, including updates on relevant legislative changes.  Some recent changes to be aware of from the 2015 Budget include amendments to the Personal Allowance and National Minimum Wage, which will affect some employees’ entitlements under salary sacrifice schemes.  Here’s a summary of some key changes: