Benefits and savings: save up to £373 per employee per year

Financial

Because of the NI savings you will make as a result of your employees taking vouchers it will almost certainly cost nothing to offer this benefit to your employees. See how much you could save

It’s good practice!

It shows your interest in your employees is not just 9 to 5. A recent survey found that over 70% of mothers go back to work before their child is one, and 95% of fathers work. Helping your staff benefit from childcare vouchers will make a difference to their lives.

Employee recruitment and retention

Personnel Today has reported that in its 2010 Employee Benefits Survey, to which 500 HR professionals responded, 74% of the sample said childcare vouchers were important (31% very important). The percentages of the respondents agreeing with various statements were as follows:-

90% - Improves an organisation’s reputation
81% - Improves employee retention
81% - Helps with recruitment
79% - Improves HR /staff engagement
75% - Enhances an organisation’s consumer brand
56% - Reduces absence levels

Childcare vouchers are one way of assisting your staff, thus helping you recruit and retain employees. Consider what your competitors in the job market are doing: childcare vouchers, because of their tax efficiency for both parties, are becoming increasingly a benefit taken for granted among enlightened employers.

Paper free

Abacus's voucher scheme is paper free – ie no paper vouchers need to be generated and supplied to employees.

Often schemes use paper vouchers issued monthly to employees by the employer or its voucher provider. Employees will then hand these vouchers to the carer who in turn has to send them to the employer or voucher provider before payment is made. This time-consuming and inefficient process is avoided by the Abacus solution. next →