Employee Benefits
SEPTEMBER 6, 2023
For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Employee contribution (inc.
Employee Benefits
DECEMBER 13, 2021
Suez works closely with works councils, and pensions is always on the agenda as there is regular demand for higher employer contributions. So I wanted to find a way to prove that we as a business were getting value for money from that pension scheme and that it in turn provided value to members.”. That’s real value for money.”
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Employee Benefits
FEBRUARY 7, 2023
The financial wellbeing provider’s whitepaper ‘Unlocking the pay cycle’ was authored by its head of impact and inclusion Emily Trant, with advisory input from Resolution Foundation, Money and Pensions Service, Nest Insight, RideTandem and the University of California, Berkeley.
Global People Strategist
DECEMBER 12, 2023
Working Hours and Overtime: The standard workweek in Peru is 48 hours, typically spread across six days. Overtime is compensated at a higher rate, usually 25% above the regular hourly wage. These contributions fund health care, pensions, and other social benefits.
Employee Benefits
NOVEMBER 29, 2023
In total, the deal equates to a 13% increase that will be fully consolidated into pensions, overtime and future pay increases. The deal also fully converts a fixed-contract payment worth around 5% into basic salary going forward. It also includes a 15% retention bonus on release from the TAQA contract.
cipHR
NOVEMBER 15, 2021
For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L. While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid.
Employee Benefits
NOVEMBER 20, 2023
Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy. The TRS outlines what employee benefits have been on offer for the past 12 months.
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