Making Employees Happy With Trivial Benefits
Every good business owner knows that their team are what makes the business a success. Employee engagement and retention are essential for the smooth and successful running of a business. If you are looking for ways to reward your employees, why not consider utilising trivial benefits in kind? These are small gestures of appreciation that can have a hugely positive impact on your business. So, how can you go about making employees happy with trivial benefits? That’s what we look at in this blog post.
Trivial benefits in kind are small gestures for your team. While having a great impact on team morale, they don’t incur tax or national insurance charges for the employee or the employer. However, they do work at boosting team morale by making employees feel appreciated and noticed for their hard work.
According to HMRC, trivial benefits are classed as non-cash gifts that are provided by a business to their employees. These trivial gifts must hold a value of less than £50. They must be given on a non-contractual basis. Trivial benefits, such as corporate gift hampers can be given on an ad hoc basis or for special occasions like work anniversaries, birthdays or Christmas gifts. A trivial benefit gift of up to £50 can be given up to 6 times a year. There is a price cap of £300 per year, per employee.
You can make employees happy with trivial benefits because the employee won’t incur tax of NI charges. Instead, they will just receive a fabulous hamper that they can enjoy with colleagues or take home to enjoy with family.
If you would like to see how our corporate hampers, as trivial benefits, can make your employees happy, check out our range of hampers online. They will not only boost morale, but they will increase employee engagement too. Check out our range of corporate gift hampers to find the best ones for your employees.
Please speak to an accountant for further confirmation on trivial gifts for making employees happy within your business.