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Emily Whitelock: Pots-for-life plan could pose risk to employee pension engagement

Employee Benefits

While automatic-enrolment has resulted in more individuals saving for retirement, it has created a separate issue that the Department for Work and Pensions (DWP) describes as ‘the proliferation of small pots’: the creation of multiple deferred pension pots , often low in value, when employees change employer.

Pension 119
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Choosing the best workplace pension for your business

Employee Benefits

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.

Pension 96
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Roadchef rolls out payroll and financial support for UK employees

Employee Benefits

Credit: Ceri Breeze / Shutterstock.com Roadside service area operator Roadchef has rolled out payroll and financial support for its 3,500 UK employees as part of its commitment to the financial wellbeing of its workforce. The employer also wanted a modern alternative to its legacy payroll system.

Payroll 107
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Payroll Management and Its Importance

HR Digest

In modern workplaces, payroll management has a very important role in daily activities. We can say that payroll is an essential part of the company’s salary management and it is clear that payroll cannot be replaced with any other system nowadays. . Let’s see why this system is so important in companies today. .

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Five clear signs you should consider outsourcing payroll

cipHR

Making use of a payroll outsourcing company also leads to a better service, with fewer errors, and removes the headache that comes with legal compliance around tax, pensions and employment regulations. Other software packages can be updated too, such as time-and-attendance systems or pension records.

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What are the pros and cons of digital self-service pay systems?

Employee Benefits

The cost of a digital self-service pay system can be countered with the reduced administrative burden. With so many innovative and quirky ways of boosting employee engagement now in practice, reformatting a payroll system might at first seem like a very dull approach. Better experience. More control. Key considerations.

Payroll 105
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Employment Laws in Hong Kong

Global People Strategist

Payment of taxes in the area remains the responsibility of those earning wages and salaries and employers do not have any legal obligation to withhold tax through payroll systems. This pension fund requires contributions from both employer and employee– at least 5% up until an annual cap set at HKD 1,500 (USD 191).