22-05-2025
Tax-efficient employee benefits attract and retain top talent
Almost all staff know their exact salary, but how many of us understand our 'total compensation package'? As well as basic pay, a TCP can include a bundle of benefits ranging from healthcare, gym membership and season ticket loans to bonuses, pension contributions, stock options and other perks.
Once only used by US-based firms, the more-rounded measurement is rapidly gaining popularity in the UK. Companies squeezed by the employer NI hike are investing in tax-efficient employee benefits to attract and retain top talent, while employees view a tailored package of perks as a cost-effective way to combat the cost of living crisis.
The result? Over half of professional candidates now seek out employers with strong benefits packages, rising to two thirds of those aged under
