Earnings: Workplace benefits

Many employers offer extra benefits on top of your salary. These can help you save money, which means you get more out of the money you already earn. Look out for travel passes or cycle to work schemes. These can save you money, but do the maths first. Be aware of staff discounts at shops, restaurants or for services, but only use them for things you were going to buy anyway. Healthcare benefits like dental or optical cover, mental health support or free counselling. This is obviously only a saving if you were paying for it anyway. Don’t miss out on training and upskilling opportunities, which could lead to better pay down the line.

Let’s have a look at a case study to see how workplace benefits can help. Tolu is a care worker who works long hours, often seven days a week. While the extra hours help bring in money, Tolu is exhausted, skipping meals and struggling with travel costs. Tolu speaks to their employer and finds out there’s a travel allowance they hadn’t been using. They also discover they can access free staff meals during shifts, which helps with food costs. The good news is that they’re spending less and feeling a bit less pressure to work every extra shift. Although these benefits don’t increase income directly, they can reduce your outgoings, which has the same effect overall.

Boosting your income doesn’t always mean changing jobs. Even small changes can make a big difference over time, helping you feel more secure, less stressed and more in control of your money.

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