Glossary 

Human Resource Glossary for HR Terms
This comprehensive glossary of human resource (HR) terms defines words and phrases frequently used by HR professionals. We would like to encourage you to share and make use of this library. If you have any suggestions of terms we have missed, please contact us & we will include them in our next update.

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Technology

Enable your team to upgrade their technology for less by allocating part of their pre-tax salary towards a new purchase.

Make All the Latest Technology Accessible for Your People

Each Person’s tech scheme salary sacrifice empowers employees to purchase the latest technology products, such as laptops, tablets, smartphones, and home necessities, in a tax-efficient way. By sacrificing a portion of their gross salary, employees can easily spread the cost of these items over time while reducing their tax and National Insurance contributions. Whether it’s the latest must-have item or a much-needed upgrade, be there to support your people!

What Does This Scheme Involve?

This tech scheme salary sacrifice makes it more affordable for employees to invest in high-quality technology without facing the upfront cost. Payments are deducted directly from their salary before tax, enabling significant savings. Your employee will make a request for a Curry’s voucher based on the value of the items they want, and as the employer, you can determine whether you want to approve their voucher. Your people can then make manageable payments back to you over an agreed period of time whilst making a saving.

Why Should Your Business Offer Technology Salary Sacrifice?

For employers, offering a technology salary sacrifice scheme demonstrates a commitment to supporting their workforce’s needs and desires, enhancing both productivity and satisfaction. This benefit can help businesses attract and retain talent, offering a competitive edge in today’s technology-driven world.  

Each Person’s tech scheme salary sacrifice is easy to manage and integrate into existing payroll systems. It gives employees the flexibility to upgrade their tech while benefiting from significant savings, promoting a digitally equipped and satisfied workforce. This scheme benefits both employees and employers by supporting a modern, tech-savvy workplace.

Technology salary sacrifice

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If you wish to improve your business start by focusing on your most important asset; your employees.

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