Analysis – Page 4
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AnalysisWhat are the pros and cons of payroll outsourcing?
Need to knowThe costs of payroll outsourcing can be outweighed by the timesaving efficiencies it creates, which allow employers and staff to focus on other areas of business operations.Pensions auto-enrolment can create its own payroll challenges, with fluctuating eligibility among employees on variable pay. Outsourcing payroll can help employers overcome ...
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AnalysisInfographic: How are employers in different sectors approaching the national living wage?
An infographic looking at the proportion of employers implementing, or considering implementing, national living wage offsetting changes by sector. (Source: Incomes Data Research's Impact of the national living wage: a report for the Low Pay Commission, October 2016)Read more in How to future proof a reward strategy in light of ...
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AnalysisInfographic: How are employers offsetting the national living wage?
An infographic looking at the national living wage offsetting measures employers either have, or were, considering implementing. (Source: Incomes Data Research's Impact of the national living wage: a report for the Low Pay Commission, October 2016)Read more in How to future proof a reward strategy in light of changing pay ...
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AnalysisWhat are the key issues affecting payroll professionals in 2017?
Need to know:Employers must assess whether they are liable for the new apprenticeship levy, especially where they are part of a larger group.Employers should assess how they stack up ahead of the upcoming implementation of mandatory gender pay reporting.A review of data security internally and externally will help to protect ...
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AnalysisHow will the national living wage impact reward strategies?
Need to know:Businesses should analyse the cost implications for payroll and earnings-linked benefits.Salary sacrifice arrangements could result in non-compliance by bringing pay below the new £7.20 hourly rate.Investing in the workforce through employee benefits can drive productivity and thereby help mitigate higher wage costs over the long term.In his 2015 ...
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AnalysisInfographic: The use of salary sacrifice against the new national living wage
An infographic looking at how many organisations have considered the use of salary sacrifice against the new national living wage minimums (Source: Jelf Employee Benefits survey, conducted in November 2015).Read more about how the national living wage will impact reward strategies.
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AnalysisWill there ever be a solution to the gender pay gap?
Need to know:Eradicating gender stereotypes could help to bridge the pay gap.Pay audits must include additional remuneration.Efforts to close the pay gap should be supported by workplace cultures that embrace and facilitate diversity.The inconsistency in remuneration between male and female workers compelled the government to pass the Equal Pay Act ...
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AnalysisHow is employment tax simplification progressing?
No doubt some will be wondering: ”What has the OTS ever done for us?”The OTS has spent a good deal of time looking at employee benefits and expenses. The goal was to achieve both technical and administrative simplifications to the tax system, aiming to help employers and reduce their compliance ...
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