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Seven ways payroll errors impact your staff – and how to avoid making mistakes

cipHR

A simple payroll error could have a significant effect on someone else’s daily life, and they may even decide to leave your business. Here’s how your payroll mistakes affect employees – and what you can do to eliminate these errors. Its payroll provider is said to have made 10,806 errors, affecting 5,529 people.

Payroll 59
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FitFlop introduces salary sacrifice nursery scheme

Employee Benefits

The scheme, which is offered in partnership with WorkPlace Nursery, will enable employees to pay for nursery fees through a deduction from their gross pay, which will save on tax and national insurance contributions (NICs). There is a minimum requirement for nursery fees to be at least £650 per month before participation in the scheme.

Salary 59
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Allianz introduces electric car salary sacrifice scheme

Employee Benefits

They can choose between electric and plug-in hybrid cars, while the cost of the lease is calculated monthly and deducted from their gross salary through payroll. The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees.

Salary 59
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Buyer’s guide to home technology schemes

Employee Benefits

Employees opt for a voucher for the value of their choice, up to a maximum amount set by the employer, and they receive the voucher to redeem at Currys on whatever tech they like available at the retailer. They then pay back the voucher through net salary deductions over the agreed period of time. Are there any tax or legal issues?

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How to Advance Your Career in HR

HR Digest

Retailers often hire recruiters who oversee salespeople and retail managers. A company’s payroll costs depend on its size, structure, and industry. Hourly workers typically pay between 15% and 20% of their wages toward payroll. Where Can I Find Recruiters? Most recruiters specialize in certain industries.

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Post-Pandemic Financial Recovery Steps

Money Talk

Another great way to build savings momentum is to automate savings through an employer retirement savings plan or automatic payroll deductions for a credit union savings account. Plan Around Pent-Up Demand - Try to work around product shortages, shipping delays, and price increases that occur when items are in short supply.

401(k) 100
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Buyer’s guide to corporate gym membership

Employee Benefits

and GymFlex, via salary deduction. Vitality’s 50% gym discount equates to member savings of £10.99 – £110 per month, excluding the joining fee, while a 12-month Fiit subscription is provided to both VitalityHealth and VitalityLife members and would retail at £119.99. Are there any tax or legal issues?

Taxes 59