BNET Business Dictionary

Business Definition for: Salary Sacrifice Plan

an agreement between employer and employees by which the employees relinquish a right to future cash in exchange for a noncash benefit of some sort

Additional Resources

Obama Asking Government Workers To Sacrifice But Evidence Shows American Workers Already Have: President Obama is invoking emergency powers granted to the Executive Branch after 9/11 to arbitrarily reduce the planned Cost of Living Adjustment COLA for Federal Government employees. The current plan was to provide a 2.4 percent increase to their base salaries. This is on top of any increases...; Tags: Increase, Barack Obama, Government, Salary, Worker, Payroll Solutions, Benefits, Personal Finance, Human Resources, Matthew Potter; Blog posts 2009-09-02
Early Retirement? You're Dreamin' | BTalk Australia: The AMP Superannuation Adequacy Index recently demonstrated that many Australians don't have enough money for a comfortable retirement. Today on BTalk Australia Phil Dobbie asks Michael Davison, CPA Australia's Superannuation Policy Advisor, who is most at risk and how realistic is it to expect an early retirement. ...; Tags: Retirement, Contingency, Benefit, Income, Super, Operational Accounting, Finance, Phil Dobbie; Blog posts 2008-06-08
For super results, do the splits.: Byline: Annette Sampson Apr 04, 2006 (The Age - ABIX via COMTEX) -- There are a range of strategies which can be used to improve superannuation returns by retirement. Many people approaching ...; Tags: Australian Taxation Office, FINANCE, Strategy; Research articles 2006-04-04
How to Get a Better Outcome: You negotiate each and every day. It can be anything from "which program should we watch tonight?" to "What's the best price I can get?" So if you can improve on those skills, it will help you in everything from salary reviews to getting two staff members...; Tags: Silence, Negotiation, Case Scenario, Free Trade, Finance, Debbie Mayo-Smith; Blog posts 2008-01-31
The Art of Cutting Pay, Not People: Who's going to work just as hard for less compensation? Lots of people, actually. Pay cuts are no longer the taboo cost-saving tactic they once were. The Morale Question Yale economist Truman Bewley established the prevailing theory for why wages tend to...; Tags: Layoff, Recession, Salary, Benefits, Payroll Solutions, Personal Finance, Human Resources, Pay Cut, BNET Briefing, Hewlett-Packard, FedEx, Southwest Airlines, Employee Morale, Cost-Cutting, Noah Buhayar; Articles 2009-07-22

Backing for DSG pay scheme: DSG International won the backing of investors for a controversial executive incentive scheme in spite of more than 10 per cent of the voting shareholder base failing to support the arrangement. The electricals retailer, which also on Wednesday offered hope that the trading environment was improving, said that 87.21 per...; Tags: Shareholder; News items 2009-09-02

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