12
Getting a world class employee engagement programme with no additional budget
Getting a world class employee engagement programme with no additional budget
SALARIES£20K PER
PERSON + NI£23.8 MILLION
CHRISTMAS PARTY
£36,000 PA£36 PER
EMPLOYEE
PERMANENT HEALTH
INSURANCE £100,000 PA
£100 PER
EMPLOYEE
LOW-COST HEALTHCARE
CASHPLAN£84,000 PA
£84 PER EMPLOYEE
PENSION2% PER
EMPLOYEE.£400,000 PA
£400 PER EMPLOYEE
TEA & COFFEE £52,000 PA
20P PER EMPLOYEE PER DAY
EAP£10,000 PA
£10 PER EMPLOYEE
MEDICAL INSURANCE
(PMI)£500,000 PA
£500 PER EMPLOYEE
SMARTHUB™ WITH
SMARTSPENDING™, CCV, C2W,
HCP, HEALTH DISCOUNTS£50,000 PA
£50 PER EMPLOYEE
Price and value in contextValues are based on 1000 employees
Benefits work, they
amplify employer money.Why do perks and
benefits work?
Salary is the most expensive way to reward someone. Giving someone £10 Cash actually costs you more like £15. It increases year on year - it compounds
Pay only in cash and you are wasting money.Because they are paying only with the most expensive currency
Effective perks & benefits amplify employer money. A good benefit costs the employer less to provide than the value the recipient perceives and gets. But only if they are used and valued properly
Because of tax and national insurance, Cash decreases the power of employer money
The Trick
3% Salary Rise for 1,000 staff
Implement straight pay review
Salary £20,000Staff 1,000
Pay Bill £20,000,000Salary Review 3%
Additional Cost £600,000Additional NI £83,400
Total Additional £683,400
Per person: Gross £600Tax pp £180Net pp £420Monthly £35
CFO says “we have no more money”.Let’s make the same money go much,
much further
Salary £20,000
Staff 1,000
Pay Bill £20,000,000
Salary Review 3%
Additional Budget £600,000
Spend on RG £50,000
Spend on Salary £550,000
Additional NI £76,450
Total Additional £676,450
Per person: Gross £550
Tax pp £165
Net pp £385
Monthly £32
� Whole new benefits package
� Help with childcare costs
� Tax free bike
� iPad for £20 a month
� Save money on groceries and shopping, on top of sale prices, real extra savings
� Spend less online
� Change your holiday entitlement
� Save at the dentists and the opticians
� Launched a thank you programme
� HR Intranet & communications platform
� I can do all this on my phone - look its just like Facebook
And that’s before taking into account the NI savings from salary
sacrifice.
But this is only effective if the solution you implement actually
delivers
NPS: Net Promoter ScoreOn a scale of 0 to 10, how likely would you be
to recommend REWARD GATEWAY to another business?
DETRACTORS PASSIVES PROMOTERS
Net Promoter Score
% Promoters — % Detractors
NPS Comparison Chart
0
10
20
30
40
50
60
70
80
66
43
76
Reward Gateway score when looking at all
clients
Apple is the highest scoring brand on the
NPS leaderboard
Reward Gateway score when looking solely at clients who have had a
previous provider
[email protected]@damienposterino
