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Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%

Employee Benefits

According to Spring Budget documents, the Office for Budget Responsibility (OBR) has forecast that the latest reduction means the total hours worked will increase by the equivalent of almost 100,000 full-time workers by 2028-29.

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Lee McIntyre-Hamilton: Changes to national insurance and the impact on employment

Employee Benefits

Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. This means no annual increase to factor in the effect of inflation.

Insurance 108
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Transparency Is an Important Part of the Employee Experience

HR Bartender

This article shared the results of a survey that said: Companies estimate that 70% of their workforce will use AI by 2028. We know AI (artificial intelligence) is a regular headline in today’s news. 75% of employees would be more excited about AI if the company was more transparent about how the technology is being used.

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Study: AI Could Eliminate 56% Of Entry-Level Jobs Within 5 Years, Urgent Need To Upskill

Wellable

AI may replace 56% of entry-level jobs by 2028. Upskilling is vital, but L&D initiatives fall short. Explore strategies for success. The post Study: AI Could Eliminate 56% Of Entry-Level Jobs Within 5 Years, Urgent Need To Upskill appeared first on Wellable.

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and individual services for employee benefit schemes, covering a range of salary sacrifice and voluntary deduction arrangements.

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Financial Improvement Strategies for a New Year

Money Talk

a new car in 2028 with a $10,000 cash down payment). Transfer existing credit balances to a lower-rate creditor or ask an existing creditor for a reduced rate. Set Specific Financial Goals - SMART financial goals state what you want, when you want it, and how much it costs (e.g.,

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Government maintains national insurance contributions freeze

Employee Benefits

Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028. Autumn budget 2022: The government has decided to maintain the current freeze on employers’ national insurance (NI) contribution thresholds for a further two years.