IPD offers holiday trading benefit

IPD has launched a holiday trading scheme to allow its 200 employees to buy or sell up to three days’ annual leave each year.

The real estate performance analysis firm provides staff with a core 25-day holiday allowance, from which employees can trade days down in return for a cash allowance or buy more. Employees had a two-week window of opportunity in January to take up the benefit.

Those who opted for extra holiday paid for the benefit through a salary sacrifice arrangement, saving on employee tax and national insurance contributions (NICs). IPD saves on employer NICs.

Sign up to our newsletters

Receive news and guidance on a range of HR issues direct to your inbox

Enter your email address(Required)

From time to time, we will send you emails about selected products, events and services from Employee Benefits – but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

The organisation made the move following a review of its benefits strategy, carried out by Thomsons Online Benefits, during which its total reward statements were moved online in December last year and a new communications strategy was rolled out in a bid to boost employee engagement.

Kelly Smith, finance director at IPD, said: “We needed a solution that would attract the best talent and truly engage our employees.”