{"id":264216,"date":"2021-02-02T12:57:37","date_gmt":"2021-02-02T12:57:37","guid":{"rendered":"https:\/\/www.abacus.careers\/?post_type=salary-guides&#038;p=264216"},"modified":"2023-04-28T13:59:52","modified_gmt":"2023-04-28T12:59:52","slug":"benefits-total-reward","status":"publish","type":"salary-guides","link":"https:\/\/www.abacus.careers\/salary-guides\/benefits-total-reward\/","title":{"rendered":"Example of &#8216;Total Reward&#8217;"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">The number and range of employment benefits has risen considerably in recent years.  Benefits play an important role in attracting and retaining top talent.  With demand for talent in 2023 so accute, expect benefits to be wide-ranging. <\/h3>\n\n\n\n<p>Common elements of an offer of employment, outside of basic salary, can include; Pension contribution, Annual bonus, Professional fees, Exam support, Life Insurance, Health Cover, Company car, etc.<\/p>\n\n\n\n<p>When considering a job offer it is best to take a moment and calculate the total reward being offered. We can best illustrate &#8216;Total Reward&#8217; with an example. An offer of employment includes:<\/p>\n\n\n    <figure id=\"JJrF5\" class=\"my-8\">\n                    <div class=\"px-2\">\n                <h3 class=\"text-purple mb-2\">Total Reward <\/h3>\n            <\/div>\n            <hr class=\"border-grey-300 w-full mb-4\">\n            <div class=\"px-2 flex overflow-tabs\">\n                                    <span class=\"pr-4 cursor-pointer transition-all ease-in duration-100 text-green font-bold\"\n                          data-tab=\"1\">Example<\/span>\n                                <\/div>\n            <div class=\"my-4\">\n                                    <figure class=\"wp-block-table overflow-x-auto \" data-table=\"1\">\n                        <table class=\"w-full\">\n                                                            <thead>\n                                <tr>\n                                                                            <th>Description<\/th>\n                                                                            <th>Amount (\u00a3)<\/th>\n                                                                    <\/tr>\n                                <\/thead>\n                                                                                        <tbody>\n                                                                    <tr>\n                                                                                    <td>Basic Salary<\/td>\n                                                                                    <td>\u00a3 40,000<\/td>\n                                                                            <\/tr>\n                                                                    <tr>\n                                                                                    <td>Employer Pension contribution 6%<\/td>\n                                                                                    <td>\u00a3 2,400<\/td>\n                                                                            <\/tr>\n                                                                    <tr>\n                                                                                    <td>Annual bonus to 15%<\/td>\n                                                                                    <td>\u00a3 6,000<\/td>\n                                                                            <\/tr>\n                                                                    <tr>\n                                                                                    <td>Life Insurance<\/td>\n                                                                                    <td>\u00a3 250<\/td>\n                                                                            <\/tr>\n                                                                    <tr>\n                                                                                    <td>Company car allowance<\/td>\n                                                                                    <td>\u00a3 6,000<\/td>\n                                                                            <\/tr>\n                                                                    <tr>\n                                                                                    <td><strong>Total Reward<\/strong><\/td>\n                                                                                    <td><strong>\u00a3\n54,650*<\/strong><\/td>\n                                                                            <\/tr>\n                                                                <\/tbody>\n                                                    <\/table>\n                    <\/figure>\n                                <\/div>\n            <\/figure>\n    <script>\n        jQuery(document).ready(function ($) {\n\n            $('#JJrF5  [data-tab]').click(function () {\n\n                let tab = $(this).data('tab');\n                let table = $('#JJrF5 [data-table = ' + tab + ']');\n\n                $('#JJrF5 [data-tab]').removeClass('text-green font-bold');\n                $(this).addClass('text-green font-bold');\n\n                $('#JJrF5 [data-table]').addClass('hidden');\n                table.removeClass('hidden');\n\n            });\n\n        });\n    <\/script>\n\n\n\n<p>*<strong><em>This example assumes that a full 15% bonus is achieved.<\/em><\/strong><\/p>\n\n\n\n<p><strong>Not all benefits have a measurable financial value&#8230;<\/strong><\/p>\n\n\n\n<p>It is also very important to realise that a range of other benefits, which may not be directly attributable to a financial value, can be highly valuable to a potential employee. Examples of such benefits can be; promotion, change\/increased responsibility, transferability, flexible start and finish times, work-from-home\/flexible working arrangements, additional\/enhanced holiday leave, learning and development opportunities, enhanced maternity\/paternity leave, etc.<\/p>\n\n\n\n<p>Below is a list of financial and non-financial benefits, that the team at Abacus Careers has seen offered by clients in the last 12 months. This list is comprehensive but <strong>not exhaustive<\/strong>, the important item to note is that one rule does not fit all in respect to benefits.  <\/p>\n\n\n\n<p><strong>At different stages of our lives, we value certain benefits more than others&#8230; <\/strong><\/p>\n\n\n\n<p>Employer pension contributions are not a key focus for those at the early stages of their career, their focus tends to be maximising take-home pay. The best employers tend to have a strong base of core benefits for all staff to avail of, they then provide additional benefits for staff who perform at higher levels in the organisation. Taking time to bespoke the benefits offering is just as important as making the correct basic salary offer.<\/p>\n\n\n    <div class=\"mb-8\">\n        <h3 class=\"text-purple mb-8\">Benefits List<\/h3>\n\n        <div class=\"grid grid-cols-2 md:grid-cols-3 xl:grid-cols-4 gap-4 md:gap-8\">\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/pension.svg\"\n                             alt=\"Pension\">\n                        <p class=\"font-bold text-center mb-0\">Pension<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/cycle-to-work.svg\"\n                             alt=\"Cycle to Work\">\n                        <p class=\"font-bold text-center mb-0\">Cycle to Work<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/car-allowances.svg\"\n                             alt=\"Car Allowances\">\n                        <p class=\"font-bold text-center mb-0\">Car Allowances<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/exam-support.svg\"\n                             alt=\"Exam Support\">\n                        <p class=\"font-bold text-center mb-0\">Exam Support<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/professional-advice.svg\"\n                             alt=\"Professional Advice\">\n                        <p class=\"font-bold text-center mb-0\">Professional Advice<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/childcare-vouchers.svg\"\n                             alt=\"Childcare Vouchers\">\n                        <p class=\"font-bold text-center mb-0\">Childcare Vouchers<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/paid-study-leave.svg\"\n                             alt=\"Paid Study Leave\">\n                        <p class=\"font-bold text-center mb-0\">Paid Study Leave<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/company-share-scheme.svg\"\n                             alt=\"Company Share Scheme\">\n                        <p class=\"font-bold text-center mb-0\">Company Share Scheme<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Clubs-&#038;-Societies.svg\"\n                             alt=\"Clubs &#038; Societies\">\n                        <p class=\"font-bold text-center mb-0\">Clubs &#038; Societies<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Company-Merchandise.svg\"\n                             alt=\"Company Merchandise\">\n                        <p class=\"font-bold text-center mb-0\">Company Merchandise<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Discount-scheme.svg\"\n                             alt=\"Discount Scheme\">\n                        <p class=\"font-bold text-center mb-0\">Discount Scheme<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Enhanced-family-policies.svg\"\n                             alt=\"Enhanced Family Policies\">\n                        <p class=\"font-bold text-center mb-0\">Enhanced Family Policies<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Gym-membership.svg\"\n                             alt=\"Gym Membership\">\n                        <p class=\"font-bold text-center mb-0\">Gym Membership<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/holiday-purchase.svg\"\n                             alt=\"Holiday Purchase\">\n                        <p class=\"font-bold text-center mb-0\">Holiday Purchase<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Laptop-Mobile-phone.svg\"\n                             alt=\"Laptop\/Mobile Phone\">\n                        <p class=\"font-bold text-center mb-0\">Laptop\/Mobile Phone<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Paid-for-volunteering.svg\"\n                             alt=\"Paid for Volunteering\">\n                        <p class=\"font-bold text-center mb-0\">Paid for Volunteering<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Paid-overtime.svg\"\n                             alt=\"Paid Overtime\">\n                        <p class=\"font-bold text-center mb-0\">Paid Overtime<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/PrivateSubsided-Healthcare.svg\"\n                             alt=\"Private\/Subsided Healthcare\">\n                        <p class=\"font-bold text-center mb-0\">Private\/Subsided Healthcare<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Staff-events.svg\"\n                             alt=\"Staff Events\">\n                        <p class=\"font-bold text-center mb-0\">Staff Events<\/p>\n                    <\/div>\n                <\/div>\n                            <div class=\"border border-purple rounded-lg text-purple p-4 bg-gray-400 min-h-[150px] flex items-center justify-center\">\n                    <div>\n                        <img decoding=\"async\" class=\"mx-auto h-16 w-16 object-contain mb-4\" src=\"https:\/\/www.abacus.careers\/content\/themes\/abacus-careers\/assets\/img\/logo\/Subsidised-canteen.svg\"\n                             alt=\"Subsidised Canteen\/Vending\">\n                        <p class=\"font-bold text-center mb-0\">Subsidised Canteen\/Vending<\/p>\n                    <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>We advise our clients and candidates consider offers of employment on the basis of \u2018Total Reward\u2019. See this example. <\/p>\n","protected":false},"featured_media":267143,"parent":0,"menu_order":6,"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Example of &#039;Total Reward&#039; - Abacus Careers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.abacus.careers\/salary-guides\/benefits-total-reward\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Example of &#039;Total Reward&#039; - Abacus Careers\" \/>\n<meta property=\"og:description\" content=\"We advise our clients and candidates consider offers of employment on the basis of \u2018Total Reward\u2019. 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