Salary sacrifice reward almost immediate

The consultant said companies should not be put off by initial implementation costs. Head of flexible benefits consulting Kim Honess said: "As long as the total value of employee contributions is high enough, the bottom line savings should come through within twelve months." Watson Wyatt said the £500,000 figure came from a review of 50 clients salary sacrifice arrangements put in place over the past two years. It said the tipping point where salary sacrifice provides almost immediate savings does not relate to the number of employees but to the value of employee contributions. Hone...