Pay and ben­e­fits

Die Vergü­tung für geleis­tete Ar­beit beschränkt sich nicht auf Ge­halt oder Lohn. Die Beze­ich­nun­gen son­stiger Leis­tun­gen finden Sie auf diesen Seiten.

Business Spotlight - - CONTENTS -

When or­ga­ni­za­tions are less will­ing to give pay rises, perks and ben­e­fits be­come in­creas­ingly im­por­tant and can com­pen­sate for lower re­mu­ner­a­tion. These ben­e­fits may in­clude crèche fa­cil­i­ties, cy­cle-to-work schemes en­abling em­ploy­ees to hire or buy bi­cy­cles at pref­er­en­tial rates, sea­son ticket loans for pub­lic trans­port, so that em­ploy­ees can ben­e­fit from yearly sea­son ticket prices with­out pay­ing ev­ery­thing at once, sub­si­dized can­teens, and free food and drink.

Many em­ploy­ees also wel­come the op­por­tu­nity to or­ga­nize their work­ing hours around their life­styles. Ben­e­fits such as flex­itime, TOIL (time off in lieu) ar­range­ments, du­vet days, un­lim­ited hol­i­day and sab­bat­i­cals can also be wel­come perks.

Or­ga­ni­za­tions don’t of­fer ben­e­fits out of the good­ness of their hearts, how­ever. A good ben­e­fits pack­age can be a means of ex­press­ing thanks for good staff per­for­mance, can in­crease em­ployee en­gage­ment, re­duce staff turnover and ul­ti­mately save money by avoid­ing the need for a reg­u­lar pay rise.

Man­agers may also en­joy com­pany cars, pri­vate med­i­cal or den­tal in­sur­ance, or a com­pany pen­sion scheme. Lux­ury cars with higher emis­sions are of­ten taxed more highly, how­ever, and are no longer the sta­tus sym­bols they used to be.

One sec­tor that has al­ways had fewer ben­e­fits is the hos­pi­tal­ity and ser­vice in­dus­try. One of the few ben­e­fits that staff have tra­di­tion­ally en­joyed is tips. This prac­tice is dy­ing out, how­ever, as more and more cus­tomers pay restau­rant and bar bills by credit card and con­tact­less pay­ments — and are no longer round­ing up bills or leav­ing some money on the table. Some em­ploy­ers even in­clude an amount for tips in their staff’s hourly rate, with the re­sult that they ef­fec­tively pay be­low the min­i­mum wage.

The mod­ern trend of con­tact­less pay­ments has even spread to street per­for­mances. At the 2018 Ed­in­burgh In­ter­na­tional Fes­ti­val, peo­ple were able to “tap to tip” us­ing tech­nol­ogy pro­vided by Swedish com­pany izettle (owned by Pay­pal) rather than leav­ing coins in a hat.

Money: a good mo­ti­va­tor

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