Claudio Di Carlo’s Post

I’ve already had two conversations today with clients on how we can help them with salary sacrifice schemes and recognition. The link to the ebook below could be interesting for you……

The real cost of the UK Autumn Budget isn't what you think. Everyone's talking about: 1️⃣ 15% Employer NI (up from 13.8%) 2️⃣ £12.21 National Minimum Wage 3️⃣ £40bn in tax rises But here's what smart employers are focusing on instead: → Salary sacrifice opportunities → Recognition programme optimisation → Strategic benefit redesign Because when employer costs go up, you need more than just budget cuts. You need a smarter approach to employee experience. We've broken down exactly how leading companies are turning these challenges into opportunities. https://lnkd.in/eJ85Dd2V #UKBudget #HR #EmployeeBenefits

With the announcement of the Autumn Budget raising a lot of questions in the HR community, I thought sharing our latest blog post might be useful. It provides a helpful summary of the UK Autumn Budget alongside some insights & trends employers & employees can expect to see in the Benefits space in the coming months. If you have any questions, please don't hesitate to reach out https://lnkd.in/eVGppPZH #HR #Engagement #Autumnbudget

📢 Budget 2024: Key HR Takeaways 📢 Today's budget announcement has important implications for HR teams and organisations alike. Key areas of interest include wage support, training incentives, and mental health funding – all of which affect our strategies for employee engagement, retention, and development. Here’s what HR professionals should focus on: 💷 Wage Growth & Support: Evaluate wage adjustments to stay competitive, especially with new funding in key industries. 📈 Upskilling & Training Incentives: Take advantage of grants and incentives to expand skill development programs and support a future-ready workforce. 💚 Mental Health Investments: Leverage increased mental health funding to enhance employee wellness initiatives, fostering a healthier, more resilient workforce. Now's the time to align budgets with these priorities and maximise the support available for our people and businesses! #HR #Budget2024 #PeopleFirst #WorkforceDevelopment https://lnkd.in/e5FEqGcA

📢 Autumn Budget 2024: Key Updates for HR Professionals 📢 Today’s budget announcement covers several areas with significant impacts for HR and people leaders. From changes in the Living Wage to tax adjustments, the updates are worth a closer look to see how they could affect your people strategies and organisational planning. Check out People Management magazine's breakdown of the key takeaways here: Autumn Budget 2024: https://lnkd.in/de7bFCjk #AutumnBudget2024 #HRInsights #PeopleStrategy #EmployeeWellbeing #HRBudget #PeopleManagement

With the first budget being delivered since Labour came into power, People Management outline the key changes affecting employers and what HR need to know. Read more below ⬇️ https://lnkd.in/eFkCnaEW

🚨 Key Takeaways from the 2024 Autumn Budget: Impact on the Employee Benefits Industry 🚨 The UK House of Lords recently released the 2024 Autumn Budget, bringing significant changes that could impact both employers and employees. Here’s a quick summary of what this means for the employee benefits landscape: 1️. Employer NICs to Increase: From April 2025, the employer National Insurance Contribution (NIC) rate will rise from 13.5% to 15%, while the secondary threshold will drop from £9,100 to £5,000. This double hit means employers will face higher costs, pushing many to explore cost-saving measures. 2. Salary Sacrifice Schemes in the Spotlight: Experts suggest that salary sacrifice schemes could help employers and employees save on NICs. By reducing taxable salary in exchange for benefits like electric car leasing or Cycle to Work schemes, both parties can save on National Insurance. 3. Good News for EV Benefits: Low and zero-emission vehicles will maintain their 2% Benefit-in-Kind (BiK) rate until April 2025, and Vehicle Excise Duty (VED) for EVs remains free. A big win for companies like Love Electric offering EV salary sacrifice schemes. 4️. Challenges for Local Independents: Unfortunately, these changes could spell trouble for local independents like pubs, cafes, and restaurants that rely on part-time staff. Collectively, these businesses may face a £1 billion tax hike (UK Hospitality, 2024). Now, more than ever, it’s vital to rally behind our local independents! 💡 What’s Next? The rise in NICs and reduced thresholds are set to reshape employer strategies. Offering innovative employee benefits like salary sacrifice schemes not only helps employers save but also provides employees with valuable perks. Let’s support both employees and local businesses through these changes. What’s your take on the new budget? Are salary sacrifice schemes part of your 2024 strategy? Share your thoughts! Read our latest blog for more details at https://lnkd.in/eC6Cr3Uq #2024AutumnBudget #EmployeeBenefits #SalarySacrifice #SupportLocalBusinesses #NICChanges

The recent budget changes announced by Chancellor Rachel Reeves bring significant updates for business owners and employers. From an increase in the National Living Wage to adjustments in Employer National Insurance Contributions, these changes impact payroll costs, hiring practices, and long-term financial planning. How will your business adapt? This breakdown from Driver Hire (Torbay), part of the Driver Hire Nationwide network, covers essential insights for preparing your budgets, reviewing employment policies, and taking advantage of available relief. Whether you're in retail, hospitality, or any other sector, understanding these changes is crucial to maintaining stability in the face of rising costs.

💼 Breaking down the real cost of the Autumn Budget for employers: 🚨 The headline? A 1.2% hike in National Insurance contributions from 13.8% to 15% - a major financial shift impacting UK businesses from 2025 onwards. 📊 For Rewards & Benefits leaders, this hike could mean hundreds of thousands in added costs, which will slow hiring and put pressure on existing teams. So, how can you mitigate the impact? By maximising salary sacrifice schemes- such as Cycle to Work or Electric Vehicle Leasing - savvy employers could save tens of thousands annually, helping to offset NI increases while supporting employees’ cost of living. Read more on how practical solutions can ease the squeeze in our latest blog: 🔗 https://lnkd.in/eaAhqBdU #AutumnBudget #PeopleStrategy #WorkforcePlanning #EmployeeExperience #EmployeeRewards #EmployeeBenefits

📢Employers! 📢 Now is the time to get your employee benefits in order ready for April’s changes. Salary Sacrifice is going to be your best friend if you want to offset the increase in NI. Rippl - Recognition, Reward & Benefits is ready to support you and make a real difference to how far an employees pay packet can stretch