How to Enhance your Payroll Giving Scheme
Uptake of Payroll Giving is always greater amongst staff whose employer enhances their Payroll Giving scheme.
It also shows that you are a good employer, you are socially responsible and that you care about the charities your staff support.
Payroll Giving is an important part of our Corporate Social Responsibility programme. It is an easy way for employees to contribute to causes they care about whilst maximising their donations through tax benefits. By offering an additional financial incentive for staff, we have not only increased participation, but are showing a commitment to both our employees and wider society by supporting their chosen causes - directly reflecting our founding values.
Emma Wright, Social and Community Affairs Manager,
Guardian Newspapers Ltd
Here are some of the ways that other companies we work with have achieved this.
MATCHED GIVING
£ for £ matching, this can be operated for a time specific period, can be on a first come first served basis until the budget is exhausted or it can be capped i.e. up to £5/£10 per month limit.
ONE OFF GIFT
On joining the Payroll Giving scheme, the employer can make a one off donation to the charity chosen by the employee. This could be anything from £5 to £100 depending on budget.
PERCENTAGE MATCHING
This is like Matched Giving but instead of £ for £ matching it is an additional 10 - 50% of the donation made by the employee.
PAYING THE ADMINISTRATION FEE
Most employers do this as well as one of the other options above. This simply involves adding the administration fee charged by the Payroll Giving Agency to the cheque or BACS payment sent by payroll and means that every penny given by the employee actually gets to the charity. The administration fee is normally between 3% and 4% of the employee's donation.
