HR Zone Briefing #305 - Childcare Vouchers: Are They Worth It?

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HR Briefing Issue 305 - 20 July 2006

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Childcare Vouchers - Significant savings for working parents and

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Editor's Note
Childcare vouchers exempt from tax and national insurance payments
encourage many parents to return to work. Professional services firm
PricewaterhouseCoopers is a prime example. It boosted its flagging
maternity return rates from 40 per cent to 89 per cent between 2000 and
2006 by introducing the voucher scheme. But what are the hidden costs
and do they work for all types of organisations? Sarah Fletcher

Annie Hayes MCIPD
mailto:[email protected]

Childcare Vouchers - Significant savings for working parents and
Employers who want to improve retention and accelerate the
recruitment of key staff are having to provide family friendly
benefits for their employees. Childcare Vouchers are tax and
National Insurance exempt for up to 55 pounds per week,
providing a saving of up to 1,195 pounds per year for a working
parent and around 370 pounds for the employer. As a result,
Childcare Vouchers are today the most widely used form of
employer-assisted childcare in the UK. Click here for a
comprehensive Guide to Childcare Vouchers.

Feature of the Week:
Feature: Childcare vouchers: Are they worth it?
Childcare vouchers are promoted as a cost effective way of improving
employee retention, but are there hidden costs? Sarah Fletcher asks
what the scheme really means for UK businesses.

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More Features:
Off the record: What will the smoking ban mean for our office?
A blanket ban on lighting up at work and in other public spaces has
been proposed by the government so what should employers do in
preparation for kicking the habit? Emma Capper, Associate at Reed Smith
employment law firm reports.

Colborn's Corner: Who wants a job?
Quentin Colborn reports on the impact of soaring unemployment figures.

Tips and Company of the week
Company of the week: Mills & Reeve
Annie Hayes, HR Zone Editor spoke to Sandy Boyle, Mills & Reeve's HR
Director about why flex is best.

HR Tip: Notice for senior staff
"One of our employees told his manager to "stuff his job" and went home
before normal finishing time. We took this to mean that he had resigned
with immediate effect. However the following morning he came back to
work, apologised to his boss for being rude, and said that he did not
intend to resign. We don't want him back after this so can we safely
insist that he has left our employment?"

Breaking News
Follow the Japanese leader
The TUC is recommending that UK business leaders take a leaf out of the
Japanese prime minister's book and allow workers to dress casually
during the heatwave.

Workplace stress a low priority
Workplace stress is a low priority for many managers, despite costing
the UK at least 3.7 billion pounds a year.

Sacked pregnant worker awarded 19k
A worker sacked when she was seven weeks pregnant has been awarded
nearly 19,000 pounds by a tribunal.

Unemployment at highest rate for six years
New government figures show that unemployment in May had risen to 5.4
per cent, its highest rate for six years.

Law lords make employers responsible for bullying
Five law lords have upheld a Court of Appeal decision that makes
employers liable for bullying in the workplace.

DTI pays out over whistleblowing report
A long-running dispute between the DTI and the charity Public Concern
at Work over whistleblowing legislation has ended with the DTI paying
compensation of more than 130,000 pounds for time-wasting.

For more breaking news, exclusive to HR Zone see:

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HR Change Managers
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HR Advisor
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