LeasePlan launches tailored salary sacrifice product
The company says that the product represents the latest step forward in the salary sacrifice approach, and has been developed over a number of months, building the infrastructure and support needed to run a salary sacrifice scheme in such a way that it's easy to use and tailored for individual organisations.
According to LeasePlan, it has made a considerable investment in the product to create an intuitive online driver interface that can be used to compare vehicles, prices and place orders. This is all integrated with existing LeasePlan UK operational systems to manage the order process and on-going driver and vehicle support. SalaryPlan has also been specifically designed to link in with all the major established flexible benefits providers.
Alongside the product, LeasePlan UK offers consultancy support that can guide organisations smoothly through the regulatory, HR and driver communication matters essential for the successful implementation of salary sacrifice programmes. The company is also able to offer a number of extra services through SalaryPlan, such as accident management and insurance.
Through the provision of such services, LeasePlan UK says that it can help ensure that SalaryPlan is tailored to meet individual company needs whilst still offering the potential tax savings for employees and employers.
Matt Dyer, commercial director at LeasePlan UK, said: 'In today's highly competitive world the challenge to both attract and retain high-quality people and talent is crucial. SalaryPlan has the potential to give employers the edge and we are experiencing interest from a wide range of companies and public sector organisations.
'However, these schemes are by no means an off the shelf, one size fits all solution. Every organisation is different, with a different employee base, a different culture and different operational needs. Understanding if salary sacrifice will work for you, and how to best shape your scheme, can be a big but crucial first hurdle. Our product, SalaryPlan, can help jump that hurdle. It has been designed to meet the salary sacrifice needs of different types of organisations right across the private and public sector.'For more of the latest industry news, click here.