All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
Companies are always looking for improvements in operations, but sometimes the largest functions within the organisation get overlooked. Payroll and HR admin are two of the biggest line items on any company budget but how often is the efficiency of the tools being evaluated? As the new year gets underway, it might be time for a quick audit to see what is working and what can be improved.
The new year brings opportunities to improve operations and processes within your organisation. Payroll is one component of operations that can be very manual and time-consuming, but it doesn’t have to be. Making enhancements to your payroll process can reduce resources, identify problems, and eliminate manual or non-compliant aspects. Here are some process enhancements to evaluate in 2022.
Taxable benefits, commonly known as ‘Benefits in Kind’ are expenses and benefits provided to employees by their employers.
Most BIK’s (Benefits in Kind) need to be reported to HMRC, unless there are specific exemptions. These BIKs include the likes of company cars, private health insurance e.g., medical, or dental, payments or reimbursements where private/personal expenses are paid for employees, gym memberships....
Human Resources is one of the most important functions within every organisation. As regulations change and new policies are put in place, your HR team has to roll out new initiatives across the company. Staying current with hiring and employment needs and remaining strategic can be challenging while managing your workforce, so how can you optimise HR in the new year?
The new year is almost here – it’s time to look at trends over the last year and what is coming in 2022. While payroll teams were inundated the last 18 months with Covid-related job retention schemes, payroll regulations will continue to evolve in 2022. Getting ready for new updates is key to keeping your payroll process compliant and secure in the new year. Here are some trends that will continue to impact payroll in the new year:
The last 2 years have been tumultuous for payroll teams. With so many changes to regulations and deadlines, the industry has been faced with constant challenges. With the new year fast approaching, it’s a good time to review your payroll processes to see if there are ways to improve and manage changes. Helping your team stay ahead of new payroll regulations can be a key component of your payroll compliance in 2022.
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