Technology Purchase
What is Technology Purchase?
A technology purchase scheme allows staff to purchase technology products such as laptops, tablets, smartphones, and accessories through their employer at a discounted price or with convenient payment options. These schemes often use tax-advantaged arrangements, and payroll integration enables employees to spread the cost of the technology over several months, reducing the upfront financial burden.
Benefits to Employer
Offering a technology purchase scheme can increase employee engagement by providing a valuable perk that helps staff access the latest technology. It supports productivity, as employees can purchase devices that improve their work capabilities, especially in remote or flexible working environments. The scheme can be used to attract and retain talent, as employees appreciate the financial flexibility and convenience it offers.
Benefits to Employee
Employees benefit from affordable access to the latest technology, which may otherwise be limited due to high upfront costs. By spreading the payments over time, employees can enjoy the use of new technology without large one-time expenditures. Additionally, they may receive discounts and special deals not available through retail channels, and the ability to pay over time makes it easier to manage household budgets. This scheme also provides employees with the tools they need for personal and professional development.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
