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Standard Chartered launches electric and hybrid vehicle salary sacrifice scheme

Employee Benefits

As part of the scheme, employees sacrifice part of their gross salary before tax through fixed monthly payments and receive income tax and national insurance savings. It also offers fully comprehensive motor insurance, servicing, routine maintenance and repairs, breakdown cover and MOTs.

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First impressions on the Build Back Better Act’s payroll impact

Business Management Daily

still opposes some provisions, like paid leave. Paid leave. Like the House’s version of the BBB, paid leave would start in 2024 and would be administered by the Social Security Administration. Paid leave would follow the FMLA , granting leave: For the birth of a child.

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5 Must Have Employee Benefits and Perks for 2022

Best Money Moves

Accessible paid leave. In 2021, the White House introduced the American Families Plan, which includes a comprehensive parental, medical and family leave program. While many employers are catching up to this trend, there’s still a real discrepancy in how many workers want the benefit and how many actually have access to it.

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Your 2021 payroll questions answered

Business Management Daily

Paid leave tax credits for public employers. We have always imputed these amounts into employees’ income and withheld taxes. Things were a bit chaotic last year, to say the least, so we didn’t notice the provision in the CARES Act under which employers may pay these expenses tax-free to employees.

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New COVID relief package extends payroll provisions

Business Management Daily

The law also extends expiring tax provisions and everything that could be jammed into 5,593 pages of federal legislation three days before Christmas. The key payroll provisions include: An extension of the paid sick/ family leave provisions and your tax credit for providing leave. Temporary disaster tax relief.

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How Employee Perks Can Help Companies in the US

Vantage Circle

A 401(k) is a tax-advantaged retirement savings program provided by employers. Honeywell offers a flexible 401(k) plan, allowing employees to contribute up to 30% of their eligible pay in pre-tax, Roth 401(k), or after-tax contributions. They are actively working towards achieving gender parity in global leadership by 2025.

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AI is today’s hottest topic – but are you maximising value from your existing HR management system?

cipHR

For example, in 2020, researchers from Willis Towers Watson analysed 27 HR roles and found that 24 would be impacted by technology by 2025. HR is awash with repetitive, rules-based tasks that are tedious, slow, and manual.