26 STRATEGIC DISCUSSION PAPER: SALARY SACRIFICE SCHEMES PDF 117 KB
To receive a discussion paper on the uptake of salary sacrifice schemes.
Decision:
IT WAS AGREED: That the Strategic Discussion Paper on the salary sacrifice schemes be noted.
REASON FOR DECISION: To enable the Committee to consider the discussion paper on salary sacrifice schemes.
Minutes:
Audio Recording – 1 hour 1 minute.
The Interim HR Services Manager presented the Strategic Discussion Paper on salary sacrifice schemes and drew attention to points including the following:
· Salary Sacrifice schemes were used to attract new employees and provide benefits to existing employees;
· They were based on the exchange of salary payments for a non-cash benefit, and had benefits for employees and the organisation in terms of tax and national insurance;
· Various schemes had been run over the years and the number was now reduced due to changes in government policy;
· The child care voucher scheme was closed to new applicants since the tax free childcare scheme was introduced;
· A cycle to work scheme had been running in various forms since 2013, most recently opened in December 2019 with a small group of employees taking it up before office closures made the scheme redundant;
· HolidayFlex was the newest scheme open which allowed employees to purchase additional annual leave up to an extra week, with 7 applicants during the trial period in August;
· A second application window was opened for the new year with 10 applicants, 6 of whom had applied before;
· It was hoped there would be more interest in HolidayFlex once travel restrictions had been lifted;
· The annual leave rollover policy had reduced the need for employees to purchase additional leave;
· Future options for salary sacrifice schemes included additional pension contributions and ultra-low emissions vehicles;
· Administrative work was necessary to set up and run salary sacrifice schemes like making changes to the payroll, performing payroll checks, and encouraging up-take;
· Levels of staff interest should be assessed before considering further schemes.
The following Members asked questions:
· Councillor Martin Stears-Handscomb
· Councillor Keith Hoskins
In response to questions the Interim HR Services Manager advised:
· All employees were eligible to apply for HolidayFlex during the application window but applications were subject to approval by team managers;
· A survey on ultra-low emissions vehicles would take place later this year.
IT WAS AGREED: That the Strategic Discussion Paper on the salary sacrifice schemes be noted.
REASON FOR DECISION: To enable the Committee to consider the discussion paper on salary sacrifice schemes.