There is no legal requirement for you to give benefits above the minimum statutory entitlements, but most employers do so because of the need to be competitive in the jobs market and also to encourage a high level of staff satisfaction. Benefits can include:
- share options;
- medical insurance;
- death-in-service benefits;
- holidays (above the statutory minimum);
- sick pay (above the statutory minimum);
- relocation expenses;
- enhanced maternity leave;
- sabbatical leave;
- payment of professional subscriptions;
- season ticket loans;
- subsidized meals or luncheon vouchers;
- sports and social facilities;
- childcare facilities.
The main issues that you have to consider as an employer are the common practice in your market sector, ...