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The Viglen Home Computing Initiative
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Viglen Home Computing Initiative (HCI) What is HCI? How does HCI work? What are the benefits for the Employee and Employer? Examples How Viglen can help you? Questions and Answers
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What is HCI? Home Computing Initiative (HCI) is a user-friendly scheme made possible by the Government 1999 tax exemption on loaned computers With built-in tax breaks, the scheme enables employers to provide cost-effective access to the latest IT for their employees to use at home - at a fraction of the retail price
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Employer buys or leases PCs in bulk Employer loans PC to employee (over 3 yrs) £2500 benefit limit over 5 years (£500/year) PCs and all accessories that rely on a PC, qualify Employee repays by salary sacrifice (Gross) Employee saves by paying less PAYE and National Insurance (& No VAT) Employer saves by paying less employer National Insurance (12.8% of salary sacrifice) Employer can reclaim VAT (17.5%) and pass this benefit onto employee How does HCI work?
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What's in IT for Employees? Up to half price PCs for as little as £15 per month! State-of-the art PCs and Notebooks for around half the normal price Ability to spread the cost over 3 years without credit Chance to get a PC for the family which might be otherwise unaffordable 3 year at-home warranty protection Learn and progress at work
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Up to half price PC for all employees with no cost to your company Tax incentives available Company-wide skills base with IT confident and IT ambitious staff Operational savings through reduced employer NI contributions Attract and retain the best people:- strengthen relationships with employees by making their salaries go further and reduce the cost of staff turnover Cost-effective and innovative way to cut costs and boost productivity Convenient leasing opportunities What's in IT for Business?
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What is The Viglen HCI? The Viglen HCI programme, “Make IT Happen”, is the definitive HCI package for employees: Viglen HCI scheme is cost-neutral Your company saves 12.8% of employers NI on the amount sacrificed A one-stop, hassle-free approach to getting your staff on the digital fast-track Offer compelling array of the latest and most powerful Desktop and Notebook PCs Offer cost-effective packages for 3 year leasing and outright purchase Dedicated customer service and support
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Costs Illustration to the Employee: Basic Rate Higher Rate Price including VAT£1762.50 £1762.50 Price from your employer (net of VAT) £1,500 £1500 Monthly reduction in gross pay over 3 years £41.66 £41.66 Less Tax and National Insurance contributions (33%) £13.75 £17.08 (41%) Net cost to you per month £27.91 £24.58 Net cost to you over 3 years £1,005 £885 Saving to employee£757.50 £877.50 Discount of retail price43.0% 49.8%
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Employer Perspective £ Cost of PC Price (VAT inc) 1,762.50 Employers N.I. (@12.8%) Cost neutral to company Amount of salary sacrifice 1,500 192 Saving per employee for company 500 employees on HCI scheme = £96,000 Saving to company Net Price to Company 1,500
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Business Benefits HRITFinance Attrition reduction HR portal usage Improve communication e-Learning vehicle Flexible work patterns Up-skill workforce Free IT training Improve communication Low organisational burden Zero or negative cost Cash flow neutral Productivity gain Off balance sheet financing available MoneyFamilyTimeDevelop PC up to half the normal price Easy payments No credit charges PC for kids Communicate Enhance Education Remote learning Flexibility Avoid traffic Improve computer skills Employee Benefits Viglen HCI –Benefits
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Viglen HCI Product offering Viglen HCI offer a comprehensive choice of options to suit a range of needs and budgets:- State-of-the art Desktop PCs Powerful Notebook PCs Upgrades and peripherals available
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Implementing HCI with Viglen is SIMPLE 1.What to consider 2.Getting started 3.Comprehensive pilot programmes
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Colourful Viglen HCI posters for staff notice boards Presentation materials to help present your case to large groups Viglen experts to make in-house presentations and answer questions Viglen/HCI website - comprehensive information and answers to every possible question – www.viglen.co.uk/hci Pre-configured forms - to simplify order process IT’s The Complete One-Stop Action Package:
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Viglen HCI Project Team Program Management Customer OEM PC Product Management Tax Finance/HR IT Infrastructure Order, Ship, Track Billing, Support Customer Care LegalLogistics Employee Employer Removing the burden from the organisation
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Key Considerations for an Organisation 1.What staff are eligible? 2.Lease or buy? 3.Frequency of offer? 4.Risk of bad debt? 5.Communication with employees? 6.Recovery of VAT? 7.Data Protection? 8.Consumer Credit Act? 9.Treatment of leavers during term?
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Questions and Answers
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