Pay and benefits policy templates

£ 35

Our Pay and Benefits Policy Templates simplify compensation management, ensuring fair and competitive rewards for employees' hard work and dedication.

If you need policies to communicate your company rules and support regarding pay and benefits, these policy templates provide an effective legal framework.

Get a value bundle that includes our Pay and benefits policy templates

Complete package
641 templates, our full range
£ 229
Handbook library
117 templates, to support a wide range of handbook events
£ 99
pay and benefits policy templates.

What are Pay and Benefits Policies?

Pay and benefits policies are a set of guidelines and procedures that outline an employer's approach to compensation and benefits for their employees. These policies typically cover a range of issues related to pay and benefits, including how salaries are set, how bonuses are awarded, and what benefits employees are entitled to.

By establishing clear and comprehensive pay and benefits policies, employers can help ensure that their employees are fairly compensated for their work, and that the employer's approach to compensation and benefits is transparent and consistent.

What legislation / best practices underpin our Pay and benefits policy templates?

Here are some key UK employment law considerations to keep in mind when developing pay and benefits policies:

  • National Minimum Wage: Employers must comply with the National Minimum Wage Act 1998 and pay their employees at least the minimum wage rates set by the government.

  • Equal Pay: Employers must ensure that men and women are paid equally for doing the same job, as required by the Equality Act 2010.

  • Overtime: Employers must comply with the Working Time Regulations 1998 when it comes to paying for overtime, and ensure that employees are not required to work excessive hours.

  • Deductions: Employers must obtain the employee's consent before making any deductions from their pay, and must ensure that any deductions made are lawful.

  • Bonuses: Employers must ensure that any bonus schemes are fair and transparent, and do not discriminate against any employees.

  • Benefits: Employers may offer additional benefits, such as pensions, private healthcare, or company cars, but must ensure that these are offered in a fair and non-discriminatory way.

  • Statutory Sick Pay: Employers must comply with the rules regarding statutory sick pay, including eligibility criteria and the amount of pay that must be provided.

  • Maternity and Paternity Pay: Employers must comply with the rules regarding maternity and paternity pay, including eligibility criteria and the amount of pay that must be provided.

  • Holiday Pay: Employers must ensure that employees receive the correct amount of holiday pay, in accordance with the Working Time Regulations 1998.

By maintainng pay and benefits policies that comply with UK employment law, employers can help ensure that their employees are fairly compensated for their work, and that they receive the benefits to which they are entitled.

Why buy our Pay and benefits policy templates?

Our content:

Is easy to edit and execute, with comprehensive implementation guidance.
Is designed by accredited, experienced HR practitioners.
Maintains your compliance with ACAS guidelines, legislation, and industry best practices.
Includes 12 months access to your purchase, with email alerts if updated or expanded.

Stop doing this:

Wasting money buying documents that don't meet best practice or legislation.
Wasting effort searching for free documents that lack implementation support.
Wasting time creating documents from scratch.

Organisations that recently purchased this:

Ac
T
+ more

I have just renewed our membership for another year for HRdocbox. It's an extremely useful resource with a wide variety of documents and knowledge...
★★★★★
- Rachel Masing, ETM Group

I have been using the service now for around 6 months and it has been really useful in developing and updating polices and processes.
★★★★★
- Jamie Allan, Armstrong Craven

Excellent library of resources and templates which have made my job in my small business so much easier to manage HR for my employees...
★★★★★
- Emma Hunt

Great value and the site contains an extensive library of essential HR documents. I access the site probably once a week...
★★★★★
- Laura Alliss-Etty

HRDocBox is a great resource. It is incredibly good value, providing a large selection of HR guidance materials as well as...
★★★★★
- Emma Beauchamp