This article summarises some contractual components which, although not providing cash to the employee, may have a direct or indirect impact on the way by which the contract is performed.
Non-cash employment rewards—overview
Non-cash elements of a remuneration package can take many forms, with many employment contracts incorporating a number of such benefits. The non-cash components of a remuneration package tend to fall into the following general categories:
- Ìý
•ÌýÌýÌýÌý benefits which are required for, or help toward, the effective performance of the job, such as 'live in' accommodation or a company car, see E4.1209
- Ìý
•ÌýÌýÌýÌý items which can be loosely described as of a welfare nature, since they ensure the employee's basic well-being and protect the financial security of the employee and their family. Examples include paid annual and sick leave, accidental injury and death benefits, and company pension schemes, see E4.1211
- Ìý
•ÌýÌýÌýÌý benefits used to motivate the employee. These may be provided on a formal, structured basis such as non-cash incentive awards, or an a more ad hoc basis
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Web page updated on 17 Mar 2025 17:11