As the UK commits to net-zero carbon emissions by 2050, there’s a pressing need for organisations to review their green agenda, while continuing to attract and retain employees. For some employers to achieve this balance, the most attractive option is through a salary sacrifice scheme.
According to a recent report by trade body BVRLA, the number of battery electric vehicles obtained through salary sacrifice schemes has increased by 40% year over year. This growth stems from the government’s low benefit-in-kind rates, which appeal to both employees and companies relying on electric vehicles to achieve their net-zero targets.
PwC was an early adopter of salary sacrifice, launching a scheme with the UK’s leading independent vehicle leasing company Zenith – then Interleasing - in 1999. Since then, the partnership has evolved and strengthened, with PwC utilising Zenith’s expertise to promote eco-friendly vehicle options to its colleagues. This has helped PwC reduce emissions by 90% over the last 15 years, while more than 250 employees have been in the scheme for 15 years or longer.
Benefitting people and planet
But as the world of work evolves, so must the benefits we offer employees. How can organisations provide rewards that not only attract and retain the best talent but also reflect the company's values of doing the right thing for its people and the planet?
To find out more, share your thoughts here and we’ll send you our Future of Salary Sacrifice insight report, which explores how the scheme can benefit people and planet.