Salary splitting: often imposed, but also used as a planning tool

Article Abstract:

Most companies resort to salary splitting, a process in which the remuneration of an executive, who has responsibilities in different countries, is distributed proportionately over the various operations. Split pay has an impact on taxes, social contributions and benefits, and developing cost effectiveness by managing tax and social security systems in the foreign country is necessary. Through proper planning, splitting pay enables employees to be remunerated more efficiently, allowing them to gain higher net pay at a lower expense to the company.

Management Compensation, Methods, Executive compensation, Wage payment systems

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Benefits unshackled-thanks to a captive

Article Abstract:

The use of a captive insurance company for employee benefit provision is considered. Captives offer the opportunity to reward and motivate employees with HR providing the expertise to design employee benefit plans.

United Kingdom, Wage Administration, Personnel administration, Compensation and benefits, Employee benefits, Insurance companies

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