Industry news
Industry news
Payday countdown IN OCTOBER, income-streaming app Wagestream projected a countdown image onto the White Cliffs of Dover highlighting how long workers have to wait until the traditional monthly payday of 31 October. Some media outlets mistakenly assumed the stunt related to Brexit. Wagestream ambassador, Olympic rower and Strictly Come Dancing contestant James Cracknell, helped beam the message onto the White Cliffs, saying: “It’s a national scandal that employees are denied access to their own money by the monthly pay cycle, which is a relic of the 20th century. At a time when Britain is divided, we hope everyone can come together and help us make the lives of millions of employees better.” “In 2019, everything from entertainment to shopping and meals are available on-demand, but earned pay is not. Workers still have to endure traditionally rigid pay cycles. Hastee helps businesses become destination employers by providing on-demand pay as a workplace benefit. In turn employers get better engagement and productivity with no financial impact on the business or its cashflow.” Hastee Pay relaunches as Hastee TO SUPPORT continued growth, workplace financial wellbeing technology provider formerly known as Hastee Pay has rebranded as simply ‘Hastee’. The company’s new identity, which includes contemporary branding and a fully redesigned website, will help it in its mission to increase financial wellbeing and workplace productivity. Hastee’s chief executive officer, James Herbert, commented: “This brand refresh comes at a time of significant growth for us, having recently signed up a diverse variety of clients across a range of sectors and will support our continued development. We’re here to help employers realise the importance of financial wellbeing in an age where pay cycles don’t really fit with the on-demand lifestyles workers are now living.
The Payroll Site voted Payroll Software of the Year THE COMPANY behind AccountingWEB, a popular website for accountants, completed its 2019 survey into the views of software users, receiving over 12,000 responses across eleven categories. The Payroll Site, the cloud payroll system for small businesses, won AccountingWEB’s accounting excellence Payroll Software of the Year award, having received the highest user ratings. Runners up were BrightPay, Capium, IRIS Payroll, Moneysoft, Sage 50cloud Payroll, Sage Business Cloud Payroll and Xero Payroll. The Payroll Site received software satisfaction awards in 2011, 2012 and 2013, making this the fourth AccountingWEB award for the small firm.
Flexible and/or remoteworking ACCORDING TO research from Moorepay, a leading payroll and human resources software and services provider, flexible and/or remote working is the single most commonly provided benefit to employees of small- to medium-size enterprises (SMEs). Beyond the top financial rewards, it is flexibility that holds most appeal for SME employees. The option of working a four-day week is named as important by 24% of respondents; and performance-based leave, where additional leave is granted as a reward for hitting performance targets, is prioritised by one in ten (10%). The provision of holiday buy, sell or trade schemes is important for employers to offer, say 9%. The findings show that it is flexibility that holds most appeal for SME employees, with four of the top eight most attractive benefits offering some form of flexibility or improvement to work-life balance. Women place significantly more importance than men on benefits that allow flexibility – particularly flexible and/or remote working, which is cited by 35% of female employees and 26% of male employees. A greater proportion of female employees name every flexibility-related benefit as a priority in comparison to their male counterparts, including holiday trade schemes (15%:12%); and performance-based leave (13%:10%). Anthony Vollmer, managing director at Moorepay, said: “The Taylor Review of Modern Working Practices said that encouraging flexible work has been shown to have a positive impact on productivity, worker retention and quality of work, and it demonstrates the increasing importance of flexibility to SME employees, a sentiment that is echoed by our research. “Employees, particularly those in younger generations, are increasingly aware of the importance of work-life balance, so if employers want to ensure they can attract, retain and develop their people, they must seriously consider how they can introduce benefits that enable a healthy work-life balance.” (The report, The engaged employer , can be found here: http://bit. ly/2VINqb7.)
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| Professional in Payroll, Pensions and Reward |
Issue 55 | November 2019
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