Pay and benefits policy templates

£ 35
14 templates

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.

We also have budget-friendly bundles featuring this toolkit:

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.

Pay and benefits policy templates
pay and benefits policy templates
pay and benefits policy templates

What legal and best practice aspects should employers be aware of?

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.

Pay and benefits policy templates contents

Bonuses policy template

Use this policy to detail how the employee / company bonus scheme works, including eligibility and payments.

£ 20
Bonuses (production) policy template

Use this policy to detail how the production bonus scheme works, including eligibility and payments.

£ 20
Buying or selling annual leave policy template

Use this model policy to detail the rules and arrangements for a scheme that allows your employees to buy or sell annual leave.

£ 20
Discounted goods for employees policy template

Use this model policy to detail a scheme in which employees are provided with a discount on Company goods.

£ 20
Income tax policy template

Use this if you require a robust and practical Income tax policy template.

£ 20
Overtime policy template

Guidance to managers of employees who are contractually eligible to receive overtime payments.

£ 20
Pay or salary payment arrangements policy template

This model policy template provides information regarding pay or salary payment arrangements.

£ 20
Pension auto enrolment policy template

Use this if you require a robust and practical Pension auto enrolment policy template.

£ 20
Pension scheme policy template

Use this if you require a robust and practical Pension scheme policy template.

£ 20
Professional membership fees policy template

Use this model policy to set out how you will support employees with professional membership subscription fees

.

£ 20
Salary sacrifice policy template

Use this if you require a robust and practical Salary sacrifice policy template.

£ 20
Share Scheme policy template

Use this if you require a robust and practical Share Scheme policy template.

£ 20
Sick pay policy template

Use this if you require a robust and practical Sick pay policy template.

£ 20
Trade union membership policy template

Use this if you require a robust and practical Trade union membership policy template.

£ 20
Why buy our Pay and benefits policy templates?
  • You save time and effort with our professionally written, editable HR documents that are tailored to meet best practice.
  • You ensure compliance with applicable ACAS Codes of Conduct and other legal requirements.
  • You get process flowcharts to help you adhere to best practice.
  • You stay up-to-date with our email alerts that notify you whenever a new template or supporting resource is added or updated in this toolkit.
  • You enjoy 12 months of unlimited access with no hidden fees or extra costs.
  • You unlock a 25% discount on all future purchases or renewals of our libraries, toolkits, and templates.

What do our customers say about us?

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 ★★★★★

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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 ★★★★★

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

- Laura Alliss-Etty ★★★★★

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A great source of information and advice. I can highly recommend hrdocbox.

- Georgina Loom, The Hygiene Bank

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

- Emma Beauchamp ★★★★★

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