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Employers' Guide to HR
Employee Benefits
Employee benefits are offered for a variety of reasons but usually to attract, retain and motivate employees. They may also provide a more tax efficient mechanism for enhancing the total remuneration package.
Last Modified on: 2009/08/17 16:53
Last Reviewed on: 2009/08/28 16:24
However, benefits need to be reviewed on a regular basis particularly as their tax position may change in line with the Government's annual budget which is ratified in the subsequent Finance Act. Also organisations need to ensure that they review the ongoing costs and check that the benefits are achieving the desired effect.
Examples of benefits that may be offered: (NB. Some of the benefits listed may originate from a need of the job but also can be utilised by the employee
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