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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.

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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.

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Roadchef rolls out payroll and financial support for UK employees

Employee Benefits

They can choose to receive their payment instantly, send it to their savings account, or put it straight into their pension pot. According to Roadchef, it selected PayCaptain for its employees because of the unique employee benefits built into its payroll software.

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Five clear signs you should consider outsourcing payroll

cipHR

An obvious one is to free up more time for in-house HR or payroll teams, which can also generate savings on new recruits, administration, and training. Data can flow freely from HR systems to the payroll outsourced company’s software and back again, meaning employees can access online payslips through your existing HR software.

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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).

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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.

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In-house vs outsourced payroll: what’s the difference?

cipHR

From pay run to pay run, you’ll be coping with various adjustments in pay; some individuals might change their working hours, others may go on sabbatical, or family leave and therefore won’t be receiving their usual salary, and there are also freelancers and contractors to consider, particularly in relation to off-payroll working rules.