News – Page 176
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ArticleGuinness World Records launches global HR system
Guinness World Records is to launch an online, self-service HR system for its 150 employees in London, New York, Beijing, Tokyo and Dubai.The HR system will change the way its HR and payroll department runs, providing managers with access to real-time workforce information and enabling employees to manage their own ...
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HSBC to change pay structure to avoid EU bonus cap
HSBC is to change its pay and bonus structure to mitigate the new European Union bankers’ bonus cap, which came into effect from January 2014.According to its Annual report and accounts 2013, it will make two main changes to its current remuneration policy:The introduction of a fixed-pay allowance based on ...
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Barclays increases bonus pool to £2.4 billion
Barclays Group increased its staff bonus pool, from £2.1 billion in 2012 to £2.3 billion in 2013.The bank’s Full year 2013 results showed a rise in total incentive awards for employees, however, overall total incentive awards are still £1.1 billion (32%) lower than in 2010.Incentives for 26,200 employees in the ...
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BBC restructures pay processes for presenters
The BBC is restructuring how it pays some employees.The broadcaster has applied a new employment test to all staff, including its well-known presenters, that it has previously employed as freelancers.Where individuals were hired on a freelance basis, they were paid through personal service companies, which can enable high earners to ...
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Newcastle Theatre Royal selects payroll system for auto-enrolment
Newcastle Theatre Royal Trust has selected a payroll system to help it comply with pensions auto-enrolment legislation.The theatre will use Carval Computing’s HR Unity system for in-house payroll processing and HR functionality to help auto-enrol its 150 employees.It will also manage the organisation’s staffing situation, which includes staff on regular, ...
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Duncan Brown: Pulling the HR lever
Rather than welcoming the significant upward revision to national economic growth forecasts for 2013 (1.4%) and 2014 (2.4%), much of the post-statement debate focused on the cost-of-living issue and who shares in that growth, with the Institute of Fiscal Studies showing that the average employee earns £1,600 less in real ...
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Pay rises for non-executive directors set to end
Pay rises for non-executive directors in FTSE 100 organisations are coming to an end following five years of steady increases, according to research by PricewaterhouseCoopers (PWC).Its Non-executive director fees report found that base pay for non-executive director roles are beginning to plateau, as companies try to keep pay rises for ...
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ArticleJust 28% of FTSE 350 CEOs received a pay rise in 2013
More than a quarter (28%) of chief executive officers (CEOs) in the FTSE 350 saw no base salary increase at all in 2013, according to research by consultancy EY.Its Into the light: a look back on 2013 and insights into the new landscape of executive reward research found that, where ...
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HMRC launches 31% more probes into tax and NI evasion
This number has increased by 31% since last year, up from 1,599 to 2,009 employers.The use of real-time information (RTI) reporting is thought to have helped HMRC launch more investigations into irregularities.Under RTI, which was introduced between April and October this year, HMRC receives monthly updates on employees’ pay and ...
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HMRC extends RTI deadline for micro employers
HM Revenue and Customs (HMRC) has extended the time micro employers are allowed to report pay-as-you-earn (PAYE) in real-time.Organisations with nine or fewer employees will be allowed to report PAYE information on or before the last payday of the month, rather than every payday until April 2016, to help them ...
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HMRC launches draft regulations on real-time information reporting
HM Revenue and Customs (HMRC) has launched draft regulations relating to real-time information (RTI) reporting.The regulations are a result of ongoing engagement with employers about the design of RTI reporting, which took effect from April 2013.This has led to a number of changes being made to the rules covering pay-as-you-earn ...
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Debbie Lovewell: Banish gender pay gaps
In fact, startling pay inequality can be seen throughout all but the most male-dominated professions. Research published by the Office for National Statistics (ONS) last month found that women in full-time employment earn, on average, almost £5,000 a year less than men.Its findings struck something of a personal chord, as ...
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Employers experience difficulties with RTI reporting
In September, HMRC published the findings of analysis into disputed pay-as-you-earn (PAYE) charges associated with RTI reporting.More than 44 million individual PAYE records are being reported using RTI, which represents more than 90% of all employment. Under RTI, employers have to send details to HMRC every time they pay an ...
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BT Group expands global pay review process
BT Group has expanded the reach of its global pay review process to include 38,000 employees across 60 countries using software from Talentia. The telecommunications organisation had previously only used the software provider’s web-based package to support and manage the process for management.Stakeholders and managers can now oversee the process ...
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Severn Trent Water outsources payroll admin for RTI and auto-enrolment
Severn Trent Water has appointed MidlandHR to provide payroll administration for real-time information (RTI) reporting and auto-enrolment.The contract, which will be in place for the next seven years, aims to provide payroll support through organisational and legislative change.MidlandHR, which has worked with the utilities organisation for 10 years, has already ...
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HMRC to shut down unused PAYE schemes
HM Revenue and Customs (HMRC) has announced that unused pay-as-you-earn (PAYE) schemes will be shut down.Employers that have not used their schemes will receive letters to explain that their PAYE schemes have been closed.Any PAYE schemes opened after 5 April 2013 will be shut down automatically where the employer has ...
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Reforms to shareholders’ role in executive pay come in
Reforms proposed by the Department for Business, Innovation and Skills (Bis) on executive pay came into force on 1 October 2013.As a result of the reforms shareholders of around 900 UK-quoted companies will now be better prepared to hold companies to account. They will have access to clearer information on ...
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FTSE 100 remuneration structures changing
FTSE 100 companies are listening to shareholders and are making changes to remuneration structures to support better shareholder alignment and long-term stewardship, according to research by business advisory firm Deloitte.Its Directors’ remuneration in FTSE 100 companies research found that two-thirds of FTSE 100 companies’ bonus plans incorporate measures based on ...
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Action needed on living wage
In its report, Social Mobility: The Next Steps, the government-appointed commission made a number of recommendations, including that the government should encourage employers that can afford to pay the living wage to do so voluntarily and to pay the living wage more widely in the public sector.Duncan Brown, principal at ...
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ADP staff support National Payroll Week
ADP has run a series of events for employees to support National Payroll Week 2013.The events, which ran from 2 to 6 September, included training and advice sessions, an education-themed quiz, and a competition for employees to tell ADP about their more memorable learning experience, in line with the 2013 ...