• Encouragingly almost a fifth (19%) already offer a scheme and just over a quarter (27%) would consider offering. • Just over a third (34%) would not consider offering a scheme and the remaining fifth (19%) were not sure if they would consider offering a scheme. This could be down to being a small business with concerns of the admin burden or possibly not knowing what is involved. According to the Financial Conduct Authority (FCA) around 300,000 people a month take out high-cost short-term credit. At the end of 2016, 1.6 million people had payday loan debt, with the average loan just over £300. Around one in eight of the debtors were in arrears.
CIPP comment The CIPP recognises the value that payroll loan schemes can bring to the employee and the role that the payroll department plays in assisting employees with their financial awareness, and avoiding financial hardship.
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CIPP quick poll on shared parental pay 13 September 2018
Do you or your company extend an occupational pay top up to Shared Parental Pay?
Please take a moment to help inform our research by answering our quick poll which is situated to the right of this, and every CIPP news item. We appreciate that it is just a yes or no answer so if you have any comments, we would love to hear them; please email policy.
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CIPP Quick poll on CEO pay ratio reporting 15 October 2018
The Companies (Miscellaneous Reporting) Regulations 2018 were laid in Parliament in August 2018 which will require listed companies with more than 250 employees to report their CEO/worker ratios along with other employee engagement information.
The Regulations are due to come into force on 1 January 2019 with CEO pay ratio reporting expected to start in 2020.
Would a short online course on CEO pay ratio reporting which comes into force from January 2019, be beneficial to you and/or your business?
Please take a moment if you haven’t already to answer our quick poll (to the right of this, and every, news item).
As this is just a quick poll it doesn’t allow for additional responses. We would welcome any additional comments you may have on this subject so please do email your thoughts to us at policy. Thank you.
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CIPP quick poll results - Pension tax relief for workers on low incomes 16 October 2018
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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