Attract and retain top talent: Harness the power of car salary sacrifice

A great opportunity to halt high turnover rates by showing employers a sustainable way to attract, recruit and retain the best people.

The war for top talent is fiercer than ever. Businesses are battling not only to attract the best but also to keep them.

High turnover rates and recruitment costs are draining resources, leaving employers scrambling for a sustainable solution.

What if there was a unique benefit that could both draw in top-tier talent and ensure their long-term commitment to your company? Introducing the Car Salary Sacrifice scheme.

In today’s competitive market, traditional perks are losing their sheen. The problem is clear: businesses

are investing more in recruitment and training, only to see their star employees lured away by competitors offering more enticing benefits.

It’s a vicious cycle that hampers growth and morale. Agitate this reality with the rising costs and diminishing returns of conventional incentives.

Health benefits, gym memberships and free snacks are now par for the course. Employees expect more. They seek benefits that make a real difference to their lives and their wallets.

The solution? Car Salary Sacrifice schemes. These programmes allow employees to exchange part of their gross salary for a brand-new car, providing significant tax savings and access to vehicles they might not otherwise afford. This is not just a perk, it’s a game-changer.

With a Salary Sacrifice Car Scheme you are paying less in taxes and National Insurance as the cost of the vehicle comes off of the employee’s gross salary. It also means as an employer your NI contributions may reduce.

Imagine a workforce where top talent is not just attracted but also deeply committed to your company. Car Salary Sacrifice schemes can transform your benefits package, making it more appealing and cost-effective. This is your chance to stand out in a crowded market, reduce turnover rates and boost employee satisfaction.

Discover more about Salary Sacrifice from OSV, Rivervale’s sister company at www.osv.ltd.uk/salary-sacrifice-car-scheme