With reports, end of tax years, P11Ds and more it's a bit of a minefield out there. And dare to let them slip your mind? Hefty fines await you! So we’ve provided the breakdown of the reports that need to be submitted to HMRC. The basics With every FPS and EPS you will need to submit employer information so that HMRC can identify you and your business. This includes: HMRC office number Employer PAYE reference Accounts Office reference Related tax year Where applicable, information may include: Employer’s Contracted Out…
It’s a minefield out there. Legislation can change at the drop of a hat and if you dare to miss it, you could be slapped with a hefty fine. We’ve pulled together some must-know legislation topics for SMBs. Workplace pensions Whether you employ one or one hundred people, it is a legal requirement to auto-enrol your employees into a workplace pension scheme. To qualify employees must meet the below criteria: Aged between 22 and state pension age Earn above £10,000 per year It’s worth…
We're a long way from having racial equality and ethnic diversity in our workplaces. So, what can employers and HR teams do to promote ethnic diversity in the workplace? Read our blog post to find out. Top-down approach There must be a top-down decision to ensure that equality, diversity and inclusion is reflected in the company’s core values. It should also be reflected in your policies, procedures and everyday practices. As part of your appraisal process, ensure that all levels of staff are assessed against…
While trusting your gut might get you so far, ROI is probably a better measure to base your business decisions on. So how do you get an accurate gauge on it for brand new and sparkly payroll & HR software before you take the plunge? What is ROI? Given that you probably hear the word thrown around the boardroom every other day, we’ll keep it visual: Essentially the above will spit out the percentage of your investment that you earn back through direct/ indirect profits,…
It’s no surprise that engaged employees are more productive. But building an engaged workforce takes time and investment. In an area that is hard to quantify, we ask the question – why bother? What is employee engagement? No, we’re not just talking about an annual employee survey and a peer review. Employee engagement goes above and beyond a tick box exercise: it’s about creating a safe environment in which employees can thrive. Thriving employees tend to deliver results, so that’s why we’re writing this, and…
Your people are you biggest asset, and with that comes the biggest price tag. While you might pay through the nose for your people, processing their pay doesn’t have to. When assessing your payroll & HR it’s important to talk about value, not just price. Look for good employee experience When it comes to payroll, your employees are going to need the basics. Like being paid accurately and on time. Think it doesn’t matter? Research commissioned by Zellis suggests that 1 in 5 employees have…
Integration doesn’t just mean touch free data, a seamless experience and APIs lightening the load. What if we told you integration could have your finance team jumping for joy too? With 82% of businesses failing due to cashflow issues, it pays to invest in integration. Reduce headcount Ever get the feeling your admins spend their time doing, well, admin? How much could your business save if some of this admin was automated? Could you even save a whole headcount and invest that money elsewhere in…
We’re creatures of habit. Not so keen on change. It’s no surprise that changing payroll providers comes with a little work, and a lot of stakeholder management. So, if the purse string holders aren’t already convinced, here’s why they should give the green light. Cost savings This is the most obvious one. If you tell your finance department you’re in the market of saving them money, they’ll (almost always) be happy about it. However, it’s important to look beyond the bottom line. Maybe your new…
When we think business growth we think about the right people in the right places, but what about the right tools implemented in the right way? Check out these knock-out reasons as to why you should be focusing on payroll integration. Efficiency In the business world if you can be one thing, then be efficient. Ask almost any department and they’ll harp on about the bottlenecks that come with the admin proportion of the job. That’s the admin of copying data from one place to…
HR, they’re the people-people. Champions of employee experience and the voice of your workforce. But have you ever considered how they could be holding back your growth efforts? Check out these simple tweaks your HR department can make to boost productivity and growth. Document management Research from Hyland suggests HR professionals spend 14% of their time maintaining employee records, and a whopping 51 minutes a day just looking for information in paper documents, files and emails. With that in mind, if your HR department hasn’t…
