All Pay strategy articles – Page 215
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Opinion
Dev Raval: HR needs to act on low pay
Well, it could be a case of ‘not me guv’, that is, HR doesn’t have a role or responsibility in managing pay, it’s someone else in finance or the board. That doesn’t hold up. HR formally has some significant responsibility for setting pay in most organisations. There may be variations ...
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Article
RTI reporting deadline may be extended further for micro employers
HM Revenue and Customs (HMRC) is seeking to extend the temporary relaxation of the real-time information (RTI) reporting deadline for micro employers (those with fewer than 50 employees), from October 2013 until April 2014.The proposed extension means that organisations will not be required to change their pay-as-you-earn (PAYE) approach halfway ...
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Article
Employers are submitting RTI despite confusion
A majority (84%) of employers are now submitting pay-as-you-earn (PAYE) in real time, but confusion still remains about the real-time information (RTI) reporting system, according to research by payroll provider Sage. The monthly Sage omnibus survey, which questioned more than 680 employers, also revealed that four out of five (81%) ...
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Article
Remuneration committees show restraint on directors' packages
Remuneration committees have shown restraint when setting executive directors’ packages this year, with widespread salary freezes and lower bonus payouts, according to research by Fit Remuneration Consultants.Its FTSE 100 executive remuneration survey sourced data from companies’ annual reports and included all FTSE 100 companies with a year-end up to, and ...
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Article
Condé Nast Britain launches HR and payroll system
Condé Nast Britain has launched an HR and payroll system to streamline its HR functions for its 600 employees.The publishing firm, which has introduced ADP’s HR.net system, was looking for an outsourcing provider to refresh its systems.It also required a system that could cope with the increase in data and ...
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Article
Duncan Brown: Do executive bonuses really work?
That was the maximum available to WPP chief executive Sir Martin Sorrell last year. However, 60% of shareholders voted against his £6.8 million package at the annual general meeting. under his new scheme, that maximum will fall to a mere 217.5%.That seems strange to me. if you believe bonuses work, ...
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Article
Performance focus for executive remuneration
The move, revealed in Morrisons’ annual report in May, follows similar announcements of bonus cuts for executives in organisations such as Aviva, Lloyds Banking Group and Trinity Mirror.This points to an increased focus on pay for performance in the design of remuneration packages for executive directors.Deborah Hargreaves, director at the ...
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Article
Pay budgets expected to increase
More than half (53%) of respondents expect their pay budgets to increase by the end of the year, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Reward management survey 2013, which surveyed senior reward and benefits professionals across 444 private and public sector organisations, found that ...
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Article
Employers plan pay freeze for graduates
Nearly three-quarters (72%) of respondents plan to freeze starting salaries for graduates over the next year, according to research by Incomes Data Services (IDS).Its annual Pay and progression for graduates 2013 report, which surveyed 93 large organisations, also found that with inflation running at 2.8%, the pay freeze equates to ...
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Article
Simply Business integrates HR and payroll systems
Insurance broker Simply Business has integrated its HR and payroll systems following a period of growth.It will use ADP’s HR.net and Freedom systems.Simply Business has more than 200 employees based at its headquarters in London and its Northampton contact centre.Sarah Bowerman, head of people engagement at Simply Business, said: “We ...
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Article
No bonus for Morrisons' directors
Morrisons executive directors received no annual bonus in 2012, because they failed to meet the organisation’s underlying profit before tax growth target.The supermarket chain’s Annual report 2012, also showed that Dalton Philips, chief executive of WM Morrison, saw his total remuneration cut from £1.78 million in 2011, to £1.09 million ...
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Article
One million PAYE schemes move to RTI reporting
More than one million pay-as-you-earn (PAYE) schemes have started to use real-time information (RTI) reporting, according to the HM Revenue and Customs (HMRC).The legislation, which came in to effect from 6 April 2013, means that employers report PAYE in real time from their first pay day on, or after, that ...
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Article
Global payroll practices need improvement
The majority (85%) of multinational organisations surveyed want improvements to their current payroll practices, yet they are sceptical about whether payroll providers can deliver a comprehensive global solution, according to research by Ernst and Young.Its Global payroll: myth or reality research, which surveyed 161 global senior payroll leaders, found that ...
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Opinion
Jon Terry: Bonus caps remove flexibility to reward staff
This is a fundamental change and the unintended consequences should not be underestimated.Capping bonuses will reduce boards’ flexibility in managing a vital aspect of their cost base. Instead of being able to reward staff in good times, and limiting payouts and clawing back bonuses when needed, banks will almost certainly ...
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Article
Real-time information reporting update and guidance
Ruth Owen, director general of personal tax at HMRC, said: “HMRC appreciates that some employers might be daunted by the change, but they don’t need to be. HMRC is on hand to offer help and support, and we are taking a pragmatic approach, which includes no in-year late filing penalties ...
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Article
Trinity Mirror reduces exec bonuses
Trinity Mirror reduced the cash bonuses payable to its executive directors by 50% in 2012.The newspaper publisher’s annual report also showed that the executive directors did not wish to be considered for base salary reviews in 2013.The average salary increase for all staff across the group was 2%.The report outlined ...
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Article
Directors' remuneration legislation updated
The government has amended the Department for Business Innovation and Skills’ (BIS) draft legislation requiring listed, but not AIM, organisations to hold binding shareholder votes on directors’ pay. The new draft also provides for a further, but non-binding, shareholder vote on the implementation of pay policy and enhanced remuneration disclosure ...
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Article
Network Rail pays out portion of execs' L-tip
Network Rail has paid out £630,000 to four of its executive directors as a portion of their long-term incentive plan (L-tip) to reflect the organisation’s performance in the period 2009-12.Under the terms of the 2009 L-tip, the four directors qualified for a 100% payout as a result of the extensive ...
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Article
East Cheshire NHS Trust outsources HR services
East Cheshire NHS Trust has outsourced its HR shared service centre.The trust has awarded a four-year, single-supplier contract to Arvato UK and Ireland, under which Arvato will acquire and operate the trust’s Cheshire HR Service.It will provide payroll administration, learning and development and HR consulting.The deal will enable Arvato to ...
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Article
Employers create project teams for auto-enrolment
More than half (70%) of respondents have set up a project team for auto-enrolment, up from the 50% that had done so in 2012, according to research by the Chartered Institute of Payroll Professionals.Its second Research paper to understand business readiness for automatic enrolment, published this week, had 95 respondents ...