Originally written by Klara Kozlov on Small Business
Eighty-three per cent of millennials say they would be more loyal to a business that enables them to contribute to social problems.
Clearly, in today’s competitive talent market, there is an increasing need to offer engaging experiences to retain employees.
However, although most companies realise the importance of employee engagement, the majority find it very challenging to find something to actually engage employees with.
Payroll giving is something to consider – through our Give As You Earn (GAYE) scheme over 2,500 companies and their staff to give over £74m to charity each year. Since 1987, over £1.3bn has been given.
>See also: Giving to charity good for business survey finds
What is payroll giving?
Payroll giving is a scheme that enables your employees to give to any UK charity straight from their gross salary (before tax is deducted), and to receive immediate tax relief. Charities also don’t have to claim Gift Aid, so there’s less administration for them and they can plan and budget for the future based on the regular, reliable donations received through payroll giving.
How to get started
There are several reliable, accredited payroll giving providers in the market, each with their own unique offerings. Using my own