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If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed. Edmund Burke
Editor’s
comment
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Sadly, recently a day hasn’t gone by when I’ve not heard reference to the cost-of- living crisis, whether that be in the media or during conversations with family,
friends or colleagues. There’s no denying that times are tough at the moment, with inflation still sky high and the economic impacts of the pandemic still being felt.
But rather than focussing on the negatives, let’s consider how we can all cope during this period of economic turbulence, which thankfully, won’t last forever. Payroll professionals are uniquely positioned to help individuals to boost their financial well-being. They deal with pay day in, day out, and it’s essentially their bread and butter. So, how can payroll help? Well, this entire issue is dedicated to answering that precise question. Hopefully you’ll get some food for thought as to how you can assist employees in your organisation. Turn to our feature topic on page 32, to read the thoughts of our panel of experts on ‘ payroll’s role in financial well-being ’. Further consideration of how payroll can assist employees with financial well-being is presented in a range of articles across the magazine, including on pages 26 and 40. Here, you can read some thought-provoking pieces which could cover areas you may not have previously considered. As the world of payroll never sits still, of course we couldn’t wrap this issue up without mention of tax administration and maintenance day (what a mouthful!). Flick to our hot topic article on page 56 to read all about the consultations and calls for evidence which could impact on the payroll profession and, of course, you, in your role.
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Lora Murphy MCIPP (editor@cipp.org.uk) Editor
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26 - How can employers ensure they provide financial support to all staff? By David Yewdall 32 - Feature article – payroll’s role in financial well-being By Jerome Smail 40 - Payroll: making an impact By Anna Buckle 56 - Hot topic – tax administration and maintenance day By Mathew Akrigg
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| Professional in Payroll, Pensions and Reward |
Issue 91 | June 2023
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