At Newable, we strongly believe in rewarding high performance. This is right at the heart of who we are as an employer: we recognise success, we provide progression on merit and we try to make sure that employees are given a fair share of the financial success of the company as we strongly believe in the value of individual and collective contribution.
Your salary package will reflect your experience and role; however, we are also aware that every little helps. We therefore have a range of benefits we believe help to enhance your salary package, and make Newable a better place to work:
25 days – 30 days holiday
You have the opportunity to have your holiday entitlement increase by one day per year for each full holiday year completed (1st April to 31st March) up to a maximum of 30 days.
Company sick pay
Once you have completed your probation period, you will be entitled to receive the company’s enhanced sick pay for a given period depending on your length of service. For example, if you have between one and five years service, you will receive 13 weeks full pay.
Company pension scheme
Newable will double-match employees’ pension contributions up to a maximum of 8%. Therefore, if you contribute 4%, Newable will contribute 8% to your pension. Your contributions are paid on a salary sacrifice basis, which means before tax deductions, thus increasing the value of your contribution.
Annual pension reviews
You have the opportunity to receive one-to-one advice from our pension adviser on an annual basis for a fee set by our pension broker. They will provide advice and examine how well your pension fund is performing. Employees may also use our broker’s online Retirement Options Planner to plan their retirement for free.
Discretionary bonus scheme
Newable pays a discretionary annual bonus to you based on your business area’s performance. Newable also adds a discretionary bonus in respect of the group’s performance.
Discounted Private Medical Insurance Cover
Although Newable does not pay for private health care per se, you can elect to pay for private medical treatment at a discounted rate negotiated and paid for up-front by Newable and then deducted on a monthly basis from your salary.
Group Life Assurance
Life can be unpredictable. If the worst happens, we have in place a policy which will pay a taxfree lump sum equivalent to four times your annual salary, to your nominated beneficiary. The Cover will be in place whilst you are a permanent employee. The cessation age is your state pension age.
Group Income Protection Insurance
If you suffer an injury or illness that lasts more than six months, and are unable to work, the company has in place a policy that will continue to pay you after you have exhausted your company sick leave entitlement. You will receive 75% of your salary, less Statutory Sick Pay for a period of up to five years.
Interest Free Season ticket loan
Once you have completed your probation period, we can offer you an interest free loan to purchase an annual season travel ticket to help with your journey to our offices. Monthly repayments will be deducted from your salary. This scheme is available to all employees on a permanent contract and to those on fixed term contracts where there is at least 12 months left on the contract.
You are able to use this simple, tax efficient scheme to give money to the UK registered charity of your choice by having a deduction taken straight from your gross pay.
Cycle to work scheme
This tax incentive scheme helps to enable you to cycle to and from work. Under the scheme, Newable will pay for your bicycle and bicycle equipment and you will be able to pay back through a salary sacrifice arrangement of up to 12 months, enabling you to save on taxes.
Employee Assistance Programme
We provide an Employee Assistance Program (EAP) with a 24-hour help line that offers confidential assessments, short-term counselling referrals (up to six sessions), and follow-up services to help with personal and/or work-related problems. The service is here to help you and your family with practical information and advice covering a range of topics affecting health, family, money matters and work … this is free of charge.
Salary Finance provide help with consolidating expensive debt that you may have incurred. For example, if you would like to consolidate your credit card debt you are able to apply for a loan of up to 20% of your income, at a fixed 7.9% APR rate, which is much cheaper than credit card debt. The repayments are taken directly from your salary. Newable does not provide the credit and your information remains entirely confidential between you and Salary Finance.
Annual Professional Membership subscription
Your professional development is important to us. Newable will pay for your annual professional membership subscription to approved relevant professional bodies.
Discounted Virgin Active Corporate Gym Membership
We pass on any group discounts that we are able to negotiate with Virgin Active, and repayments can be taken direct from your salary.
Annual Flu jab
As your employer, we would like to encourage you to take advantage of our annual flu clinic. You will be able to have your annual seasonal flu vaccine at Newable free of charge. If you are unable to attend, we will pay for flu jabs at your local chemist. Please keep the receipt and claim through expenses.
Five volunteer days
You have the option to take up to five paid days off (pro-rata for part-timers) to provide volunteer services to support local communities, whether it is your own personal chosen charity or a charity within the volunteering programme at Newable.
Many of our staff are active and enthusiastic fundraisers, and we are happy to encourage and support your activity by matching funds raised by you in a voluntary capacity up to a maximum of £500.
We also match the regular contributions collected in our coffee shop Brewable.
We will cover the costs of a full eye test up to £25 with an optician of your choice. If you need glasses specifically for VDU work, we cover the cost of these up to £50.
Outplacement Career Support
In the unfortunate case your role becomes redundant, we will provide you with outplacement career support from a specialist career coach. They will be able to provide you with practical and emotional coaching support to help you navigate the competitive job market and move into appropriate new employment.
Refer a friend payment
We will pay you a referral fee of £500 if you introduce a job candidate who is subsequently employed by Newable because of that introduction, provided that the successful candidate passes their probation period.
£500 training budget
Newable will fund £500 each year towards the cost of your training and development to help you grow in your role.
Enhanced Maternity, Adoption, Shared Parental & Paternity Pay
We will pay enhanced maternity, adoption, shared parental and paternity pay if you have 26 weeks’ continuous service with Newable by the 15th week of the expected week of childbirth or by the week the employee is matched with a child for adoption. We pay 13 weeks full basic salary during maternity and adoption, 11 weeks for shared parental and 2 weeks for paternity.
The Company will sponsor employees to gain professional qualifications that mutually benefit the employee and their business area. This is discretionary on behalf of the Company and dependent on satisfactory budget.
Free Cereal, Tea, Coffee and Fruit
We have an in-house barista that can provide all the luxuries of the leading coffee shops (Aldersgate office only). We also have complimentary Cereal, Tea, Coffee and Fruit available for consumption all year round.
Annual Health Assessments
In partnership with Nuffield Health, we offer annual health assessments at discounted rates for employees and their family members. Nuffield Health experts use non-invasive tests to determine the state of your current health and provide advice on how to maintain and improve good health.
Free Mortgage Service
Newable are offering a Free Mortgage Service which is tailored to your needs; whether you’re a first time buyer, moving home or re-mortgaging. Newable will guide you through the process - dealing with estate agents, solicitors and will advise on all processes. This is a service that would normally cost £495 to non-employees of the business, however, this benefit is also available to the families and friends of all Newable employees!