Industry news
Salary sacrifice scheme launched for holidays CHESHIRE-BASED TRAVEL company, Inspire, has launched a salary sacrifice scheme to give employees the opportunity to pay for their holidays through a monthly payment. The new scheme, which has already been taken up by several UK-based businesses and more than ninety NHS Trusts, is targeted at employers of any size that want to offer their employees the scheme as a flexible employee benefit. Salary Sacrifice by Inspire allows employees to book almost unlimited types of travel, up to a value set by their employer. The scheme is underpinned by Inspire’s trust account model, recently introduced to protect all monies spent via salary sacrifice or loaded onto its gift cards. Peter Pantelides, Inspire’s Group’s chief executive officer, said: “Having gained so much experience and insight from operating our own highly successful travel gift card for more than a decade, the salary sacrifice scheme is a natural strategic development for us. “The annual holiday is one of the largest household expenses of the year and having the opportunity to pay for it via a salary sacrifice scheme, and not use expensive credit terms, is an attractive way to fund that well-earned time away. “We are now the only UK-based retailer to place all our gift card and salary sacrifice scheme funds in a secure trust account, which makes us totally unique.”
Leicestershire County Council to deliver new payroll apprenticeships LEICESTERSHIRE COUNTY council is offering two apprenticeship standards to employers nationwide. Payroll Administrator and Payroll Manager apprenticeships are available to employees working in either bureaux or in-house payroll organisations. Apprentices could be new employees to an organisation or existing staff looking to further their experience. Delivery of the apprenticeships will be broken down into taught sessions and regular tutorials, aimed at supporting knowledge, skills, and behaviours. An online learning platform will also be available at all times. Content can be tailored to the needs of each individual organisation, and will cover areas including pensions, core and technical skills, along with customer and business awareness. Payroll experts working in East Midlands Shared Services will support the qualification and they hold the Payroll Assurance Scheme (PAS) accreditation with the CIPP. More information on the new national payroll apprenticeships is available here: http://ow.ly/hELI30rQtSd.
Crown Agents Bank announces new pension technology CROWN AGENTS Bank, which is a UK regulated financial service partner for many organisations, has announced the launch of its new pension technology, EMpower Pensions. The platform is interactive and includes intuitive pensioner management, international pension payroll and digital proof of life technology. The new technology allows administrators to instruct bulk or singular payment requirements via the online platform. Crown Agents Bank use its extensive worldwide network to deliver payments on time in the specified currency. The infrastructure allows payroll to be tracked in real time and an automated payment management process enables pension administrators to manage historic and current payments. There is also the flexibility to upload future dated transactions in advance, to make planning and control more efficient. EMpower Pensions also mitigates against fraud and overpayments, whilst allowing pensioners to log on to the portal by uploading an image of their identification and taking a live facial photo selfie. This means the whole process can be done from their home.
MHR International launches new version of People First HUMAN RESOURCES (HR), PAYROLL and analytics company, MHR International has launched a new version of its cloud-based People First platform. The update addresses an organisation’s entire human capital management needs, which deploys employee-centric functionality that streamlines HR and payroll processes in a single, real-time, integrated platform. It offers: ● simplification of time-consuming HR and payroll administrative processes ● connection and alignment of dispersed workforces to offer more workplace flexibility ● empowerment and nurturing of valuable talent ● elimination of HR inefficiency by consolidating HR infrastructure ● improved data visibility and unlocking of new insights. People First takes a mobile-first approach, which will appeal to how modern workforces operate. Geolocation technology allows for the mapping and recording of mobile workers’ hours and routes, improving the quality and accuracy of payroll, as it removes elements of manual data entry, and the need for physical timesheets.
| Professional in Payroll, Pensions and Reward | September 2021 | Issue 73 38
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