Overview
Employment costs are likely to be your practice’s largest single expense, often accounting for around a third of total running costs. How you design your pay and reward system reflects your values and directly influences how employees feel about their work. This advice outlines different approaches to pay and benefits, explains the legal requirements you must meet, and explores how financial and non-financial rewards can help you attract, retain, and motivate your team.
This advice provides an overview of pay structures and benefits that you could consider in the dental practice.
Key learning points
This advice will help you to understand how pay and benefits can help you attract, keep and influence staff. It explains:
- The common approaches to structuring pay
- How pay progression can help you encourage and reward employees, with examples of the different approaches that you might adopt
- The legal requirements for equal pay and the National Minimum Wage and Living Wage
- Examples of employee benefits – enhanced pensions, increased holidays and time off, and healthcare benefits
- How salary sacrifice can be used with benefits that attract preferential tax treatment.