EXCLUSIVE: British Sugar has introduced holiday trading to its flexible benefits offering and is launching a salary sacrifice company car scheme this month (July 2015).
The food manufacturer has seen take up of holiday trading reach 10% of its 1,250 workforce since its launch.
It has also made a straight saving of £40,000 from its introduction as a result of tax and national insurance savings available from the benefit.
Henk Verhoek, head of reward at British Sugar, said: “We have had some interesting developments in salary sacrifice benefits in our flex scheme this year, with holiday trading being one of them.
“We introduced it because people were asking for it and the cost savings already shows that the organisation is doing the right thing for its people.”
The organisation is also launching a company car scheme, provided by Zenith, to improve the benefits offered through salary sacrifice.
Verhoek said: “Again a lot of people were asking for this and we wanted to be able to deliver.
“We will continue to do a lot of communications around the new benefits but I think it will be a hit among the younger employees we have here at British Sugar. We hope to see a take up of around 5% in the first year.
“It is our philosophy to offer a suite of benefits that offers something for everyone. Holiday trading and cars help to make our proposition more attractive to staff and also helps them appreciate what we are doing for them as a business.”
British Sugar launched its online benefits portal, My Staff Shop, in November 2013 and also offers access to benefits such as a bikes-for-work scheme, childcare vouchers and a healthcare cash plan.