All Pay strategy articles – Page 214
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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 ...
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Confessions of a benefits manager: Calculating commissions
As it happens, I tell him, I do have sales comp experience on my CV. I send it over; it doesn’t do any harm to let your manager know your updated CV is at your fingertips.Big Bad Boss is pleased to see there are two sales compensation projects that I ...
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Thomson Reuters launches global HR and payroll system
Thomson Reuters has launched an HR management and payroll system for 60,000 employees across 100 countries.The system, provided by Workday, has replaced the media and information firm’s in-house system.Thomson Reuters was involved in shaping several of the product’s applications in collaboration with its new provider, including talent management and time ...
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Which? uses auto-enrolment to promote reward
Which? has used pensions auto-enrolment as an opportunity to promote its reward strategy to its 587 employees.The consumer organisation, which has been heavily involved in raising awareness of, and educating consumers about, the debate around auto-enrolment, wanted to be an early adopter and subsequently staged when this came into effect ...
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Finance directors see 4.7% salary rise
The salaries of finance directors in UK-listed organisations increased by an average 4.7% in the past year, according to research by Incomes Data Services (IDS).The IDS Executive compensation review, which surveyed the earnings of finance directors at 369 UK-listed organisations in the year to 31 March 2013, also found that ...
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Luke Hildyard: How should HR be more involved in high pay decisions?
Over the last decade, pay for a FTSE 100 chief executive officer has risen from 100-times that of the ordinary worker to 130-times. Comprehensive figures going back further are difficult to find, but research from the High Pay Commission suggests the ratio stood at about 15:1 in the late 1970s.This ...
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Ian Hodson: How should HR be more involved in high pay decisions?
The reward manager’s role is to create a framework that can be flexible enough to support recruitment and retention, but be transparent to employees. More often than not, we see decisions taken spontaneously without the involvement of HR and without considering the longer-term impact. This can often be in the ...
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Xactly to partner SAP for incentive compensation product
Xactly Corporation is to partner SAP to launch an integrated incentive compensation management product.The Xactly Incent, a cloud-based incentive compensation management product, will be integrated with SAP’s Cloud for Customer products, which include desktop and mobile products for sales staff.The integrated product aims to help employers maximise their sales effectiveness ...
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William Grant aligns payroll globally
EXCLUSIVE: William Grant and Sons has completed the first phase of a global alignment of its payroll systems.The distiller, which manufactures drinks brands such as Glenfiddich, Hendrick’s and Tullamore Dew, employs 1,700 employees across Asia, Australia, Europe, the US and the UK.Gary Brewer, head of reward and organisational development at ...
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Fire authority to launch new HR and payroll system
Merseyside Fire and Rescue Service has signed a five-year deal to have its HR, payroll, finance and procurement systems hosted and delivered by managed services provider Advanced 365.The finance and procurement applications will go live in August, followed by HR and payroll in the following months.The new contract will include ...
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Bonuses for managers up in 2013
Bonuses paid to managers in the first months of 2013 comprised around 30% of salary, compared to 21% of salary during the corresponding period in 2012, according to research by Incomes Data Services (IDS).However, its Executive compensation review found, however, that there is a divergence between the increases in bonuses ...
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Olympic success boosts TFL commissioner's pay by £319,000
Transport for London (TFL) commissioner, Peter Hendy, received a £319,006 boost to his remuneration package for 2012/13 as a result of two performance-related bonuses awarded in recognition of the employer’s successful service delivery during the London 2012 Olympic and Paralympic Games.The two bonuses of £150,366 and £168,640 are for 2010/11 ...
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Large pay ratios can demotivate staff
Organisations with a high ratio between the highest and lowest-paid employees may have lower levels of engagement and motivation.Speaking in a panel debate at the Employee Benefits Summit on 25 June, Deborah Hargreaves, director of the High Pay Centre, said: “There comes a tipping point beyond which a high ratio ...
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PGA launches free payroll giving 'donor passport' system
A British fundraising organisation has launched an online ‘donor passport’ system, designed to reconnect charities with lapsed donors and boost take-up of its payroll giving scheme.Payroll Giving in Action (PGA)’s free Payroll Giving Portal provides a portable digital management system for employers, charities and donors.Donors are provided with a permanent ...
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A very dreamy payout
Something for the weekend…Staff may start offering their payroll managers copious amounts of Horlicks, comfy cushions and scented candles after hearing about a recent mishap in Germany.A tired banking employee fell asleep on his keyboard and accidentally transformed a €222 million (approximately £188.4 million) order, a court heard.The Hessen labour ...