It's Buy Your Employees A PC Day In The UK

from the go-ahead,-it'll-save-you-money dept

Over in the UK they have some complicated regulations concerning incentives for helping companies help their employees buy computers. They're trying to make it easier with a set of guidelines that make the system clear. Companies can get a nice tax break for buying their employees home computers, which the employees can pay back over a three year period out of their salary. There's no indication in the article as to what happens if the employee leaves the company before the full amount has been paid. This seems like a good idea - assuming that it's the employees' (and not the employers') choice. Of course, some may cynically suggest that this is just a good way for companies to get their employees to keep on working while they're home.
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  • identicon
    AMetamorphosis, 19 Jan 2004 @ 11:10am

    Kudo's for a grest idea !


    I work for a technology company here in the states that is implementing a similar initiative for our employees ...

    We have a benevolence committee that is funded by employee donations and corporate contributions. We are in the process of finalizing a program for employees to purchase a PC that we will cover the cost of initially & then the employee has 12 months to pay for it interest free.

    link to this | view in chronology ]

  • identicon
    Anonymous Coward, 20 Jan 2004 @ 8:02am

    No Subject Given

    Work for a company that does this already. terms are fairly straight forward. Must be a purchase in excess of 750. No interest; 24 months to repay. An origination fee of 50 is charged for the loan. If you leave early, you have to pay off what's left on the loan/amount.

    It's a good plan as it allow you to purchase the peripherals as part of the package.

    With the origination fee, you need to purchase a relatively high end computer to make it worthwhile given todays interest rates though.

    link to this | view in chronology ]


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