One of the reasons why employers can use benefits in kind as part of compensation strategy to attract and retain talent is yes. Flexible work arrangements, private healthcare or even meal allowances are a couple of the perks that you can offer on your offer without having to pay all that much when it comes to your company’s payroll. Increasing the number of BIKs can also help raise employees’ satisfaction and productivity through better work life balance and financial well being. Hiring companies that provide valuable benefits to their employees may be a source of competitive advantage in the industries where skilled professionals are in short supply. But be aware that employers must make these benefits structured in accordance to tax regulations.
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Are benefits in kind taxable?
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This post was edited Apr 1, 2025 07:59AM -
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