A bi-borough proposal to procure a provider of
salary sacrifice schemes in order to achieve the following
objectives:
•To offer employees a carefully chosen range of additional
benefits, which support the council's reward strategies and allow
employees to make choices to maximise their net income and benefit
from the purchasing power of the council;
•To increase employee satisfaction and engagement and enhance
the position of the council in the recruitment market place;
and
•To generate additional savings for the council by reducing
the amount of employers’ National Insurance Contributions
(NIC’s) which it pays while maintaining full compliance with
HMRC regulations.
Schemes to be offered are childcare vouchers, a cycle to work
scheme, purchase of computers, laptops and mobile devices and a
retail and leisure discount scheme. The preferred approach to
procurement is through an existing framework agreement.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 20/06/2013
Report access: Open report with exempt appendix;
Decision due: 22 Jul 2013 by Cabinet
Lead member: Leader of the Council
Department: Finance Department
Contact: Jane West, Director of Finance and Corporate Services Tel: 0208 753 1900.
Reason No Public Access: PART OPEN PART PRIVATE Part of this report is exempt from disclosure on the grounds that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) under paragraph 3 of Schedule 12A of the Local Government Act 1972, and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.