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

Employee Benefits

Firstly, the reduction does not directly benefit employers since they will continue to pay secondary (employers) NICs at the current rate of 13.8% Arguably, it may take a little pressure off employers when it comes to demand for future pay rises. Is it all good news? Unfortunately, the answer is no. on pay and taxable benefits.

Insurance 108
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3 ways to promote professional growth

Achievers

Skills development is an ongoing training, and while companies are paying billions to build the right strategies and identify the skills needed for their employees, employers all over the world estimate that 44% of employees’ skills will be disrupted in 2028.

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Fiscal drag: how can employers offset the challenges of a difficult economy?

Employee Benefits

Employers should ask employees about their financial pressures to understand how to support them. In his Autumn Statement last November, Chancellor Jeremy Hunt extended the freeze on national insurance (NI) and income tax rate thresholds until April 2028. This could add further strain to employees.

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UK Workplace Pension Regulations: What Every Employer Should Know

Employee Benefits

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. Therefore, it’s vital to familiarise yourself with the core pension obligations for both employees and employers. Here’s the breakdown.

Pension 52
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Final Overtime Rules Raise Exempt Salary Threshold 65%

InterWest Insurance Services

A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements. After that, the threshold will be increased every three years, starting in 2028. The new rule will be implemented in two quick, successive phases.

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Government maintains national insurance contributions freeze

Employee Benefits

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

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The Impacts of Worker Shortage in Logistics in New Zealand

Global People Strategist

The current labor shortage of 4,700 is expected to reach 17,900 by 2028. The core reasons behind worker shortage include rising fuel costs and immigrant employment problems. The core reasons behind worker shortage include rising fuel costs and immigrant employment problems. Another perspective is an alteration of roles.