Your Business With James Caan 2017 - 272
now have a "bring
your pet to work"
policy in place
your staﬀ by signing up to a service
that oﬀers a corporate discount on
cleaning costs, plus free collection
FOR THE KIDS
The Childcare Voucher Scheme is a
government initiative to help working
parents save money on childcare. It's a
salary sacriﬁce scheme, which means
parents are able to sacriﬁce part of
their salary to get childcare vouchers
of an equal value. Parents don't pay
income tax or national insurance on
the amount contributed to the scheme,
but there are speciﬁed limits. Basic
rate taxpayers, for example, can have
up to £55 a week tax free.
Childcare Vouchers can be used
for any registered childcare providers
including au pairs, and after-school
clubs. Be aware though, that the
scheme will be closed to new entrants
from April 2018.
Private health insurance, dental cover
and health screening can not only save
your staﬀ money but also improve
their healthcare, resulting in less
absenteeism. Dental plans, for
example, can make dental care more
cost-eﬀective for staﬀ, while health
insurance and screening can ensure
medical issues can be spotted and dealt
with quickly. There's a wide range of
schemes on oﬀer, so search for one to
suit your business budget.
"BUYING" EXTRA HOLIDAY
Some companies allow employees
to take unpaid holiday beyond their
annual entitlement, perhaps to make a
long-haul trip more viable. They "buy"
the extra holiday at the start of the
year, and the reduction in salary is
spread across their monthly payments.
Allowing employees to work hours that
suit them better, or to work at home
some of the time, is especially valuable
for parents of young children or those
juggling other commitments. Research
shows you're more likely to retain staﬀ
with children if you allow wriggle room
on working hours.
Allowing employees a paid or unpaid
sabbatical after a length of time - say,
a month oﬀ after ﬁve or 10 years of