Companies offering Employer Matched Contributions & Employers NI

JamTomorrow

The company I work for currently offer neither of these, which I would like to try and influence. Being able to quote examples of any FTSE peers that do offer this kind of arrangement would be helpful.

If you are aware of any companies offering an employer matched % and/or Employer NI contributions would you post the company names up here and any relevant details, eg cap of % match and whether Employer NI is shared fully or partially?

If you do not want to name your company publicly in this post as risk to your anonymity then I am fine if people want to direct message me and I will update the first post with Employers and whether they match and/or contribute NI.  Of course, that will mean I will know which usernames are associated with which company but I will not post this publicly.

In addition, if you work for a FTSE350 company and they offer neither incentive (like mine) let ether me know with a direct message or this post and I will add them to the list.

Thank you.

Cobbler_tone

Double match (to 12% max employer cont) and no shared NI saving with my FTSE company.

flaneurs_lobster

Cobbler_tone said:

Double match (to 12% max employer cont) and no shared NI saving with my FTSE company.

Can you not name them?

Most FTSE co's have enough employees that your anonymity is unlikely to be compromised. 

JamTomorrow

Good point that people may not want to name their companies if not wanting to risk their anonymity on a public forum.  If it helps on anonymity then I am fine if people want to direct message me and I will update the first post with Employers and whether they match and/or contribute NI.  

In addition, if you work for a FTSE350 company and they offer neither incentive (like mine) let ether me know with a direct message or this post and I will add them to the list.

JamTomorrow

Cobbler_tone said:

Double match (to 12% max employer cont) and no shared NI saving with my FTSE company.

Wow, that is a great match, 12% from employee, resulting in 7% reduction in take home pay results in 24% in the pension.  I bet you still have lots of colleagues that dont take any match at all

Marcon

You need to view the remuneration package as a whole. If you try to increase one element it'll impact on future pay increases, bonuses etc 

wjr4

This is a pointless exercise. 

Marcon

wjr4 said:

This is a pointless exercise. 

Quite. I think we can assume HR teams/remuneration committees will be fully aware of what competitors offer - and what they need to offer to attract and retain the talent they need.

Cobbler_tone

Not forgetting that most companies don’t aim to be the ‘best employer’ in terms of the package. Retention is not the no.1 goal and gone are the days for wanting someone staying at the same company (and potentially role) for 20 years.
Most companies will have pros and cons, hopefully with some attractive benefits, or straight up salary.
Don’t Tesco still run a DB pension? Probably not the best employer out there.
My company (in the 90’s) used to be renowned and proud of being in the upper quartile. Now we openly say that we benchmark and want to be a good employer but no where near the top. I’d probably say better than average these days, depending what measures you want to use. I’m a ‘lifer’ but those numbers have massively dwindled. The young uns soon move up or out for a bigger pay cheque doing the same role. My benefits have eroded over the years but I understand exactly why. The golden era is over!

Marcon

Cobbler_tone said:

Not forgetting that most companies don’t aim to be the ‘best employer’ in terms of the package. Retention is not the no.1 goal and gone are the days for wanting someone staying at the same company (and potentially role) for 20 years.
Most companies will have pros and cons, hopefully with some attractive benefits, or straight up salary.
Don’t Tesco still run a DB pension? Probably not the best employer out there.
My company (in the 90’s) used to be renowned and proud of being in the upper quartile. Now we openly say that we benchmark and want to be a good employer but no where near the top. I’d probably say better than average these days, depending what measures you want to use. I’m a ‘lifer’ but those numbers have massively dwindled. The young uns soon move up or out for a bigger pay cheque doing the same role. My benefits have eroded over the years but I understand exactly why. The golden era is over!

Tesco's DB scheme closed a decade ago.

flaneurs_lobster

If only there was a member-based organisation that protected and advanced workers' interests by collectively bargaining with employers over issues like pay, pensions and working conditions.

I'm sure they would have access to just the sort of information that you seek.