Small Perks, Big Impact: Keeping Your Team Happy

In today's competitive business landscape, finding and retaining great staff can feel like finding a needle in a haystack. 

But did you know that something as simple as trivial benefits can make a significant difference?

Trivial benefits are small perks that don’t attract tax. Think coffee vouchers, seasonal gifts, or a team lunch. These little tokens of appreciation can work wonders for morale and loyalty across all industries.

Why Consider Trivial Benefits?

1. Boost Morale: Simple gestures can significantly uplift spirits and foster a positive work environment.
2. Enhance Loyalty: Regular appreciation leads to increased loyalty and reduced turnover.
3. Improve Productivity: Happy employees are more productive and engaged in their work.
4. Tax Efficiency: One of the major advantages of trivial benefits is their tax efficiency. These perks do not attract tax or National Insurance, provided they meet certain criteria. This means you can reward your team without the additional tax burden.

What Qualifies as a Trivial Benefit?

For a benefit to qualify as trivial and thus be exempt from tax:

• It must cost £50 or less to provide.
• It must not be cash or a cash voucher.
• It must not be a reward for their work or performance.
• It must not be in the terms of their contract.

Examples of Trivial Benefits

• Coffee Vouchers: A simple pick-me-up that brightens the day.
• Seasonal Gifts: Small presents during holidays or special occasions.
• Team Lunches: A chance to bond and enjoy a meal together.
• Box of Chocolates: A sweet way to say “thank you.”
• Gift Cards: Versatile and appreciated by everyone.

At Streets Steele, we believe in the power of the little things. These gestures show your team that you care, making a big impact on their job satisfaction and overall happiness.

Let’s face it, happy staff = happy customers. So why not sprinkle a little joy into your team's day? 😊