The first organisations to auto-enrol staff were more likely to do so before their staging date than those that have still to do so, according to the Employee Benefits/Capita Pensions Research 2013.
The research, which surveyed 370 HR and benefits professionals, found that just over half (53%) of those that have auto-enrolled staff waited until their legal staging date. However, more than three-quarters (77%) of respondents that have still to auto-enrol plan to wait until their staging date.
Respondents that have auto-enrolled staff are also more likely to have employed additional staff in-house to cope with the demands of compliance. Some 15% of this group said they have done so, compared with just 3% of those that have yet to auto-enrol staff. However, a further 6% of this group said they will need to employ extra staff.
As some of this group draw nearer to their legal staging date, they may find they require more in-house employees to deal with auto-enrolment issues on an ongoing basis.
Both groups of respondents were more in sync with issues such as planning for, and the cost of, auto-enrolment. Among those that have auto-enrolled staff, 83% had a project plan, while 73% budgeted for auto-enrolment. This compares with the three-quarters of respondents that have still to auto-enrol staff that have a project plan and 69% that know how much it will cost.
Preparedness of respondents that have auto-enrolled staff
Preparedness of respondents that have yet to auto-enrol staff
Read the full version of the Employee Benefits/Capita Pensions Research 2013.
