Brains, like hearts, go where they are appreciated Robert McNamara
Editor’s
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Welcome to the November issue of Professional magazine. The theme for this month is ‘the benefit of benefits – an exploration of
expenses, benefits and reward’ . This is such a vast area, as there are always brand new benefits appearing, and more employers recognise that people are
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no longer interested in just base salaries. They want more. They want a healthy work-life balance, private medical insurance to protect them in the event they fall ill and they want to be able to purchase or sell more annual leave. The subject of benefits packages is also particularly topical, given the current cost-of-living crisis. Employers may not be able to fund vast salary increases (as they are, too, feeling the economic pinch), but could explore a range of other ways to support their staff through these turbulent times. Flick to page 38 and learn what our panel of experts think about what the benefits of benefits are in this month’s feature article. Why not head to page 48 to discover more about cycle to work schemes? Or, if you’re interested in learning the rules surrounding living accommodation, then page 16 is the place for you. Maybe you’re considering offering trivial benefits (turkeys, anyone?) to employees this festive period – if so, make sure you’re aware of the potential pitfalls, on page 32. In wider news, the payroll profession seems to be grappling with almost constant change at the moment. Following former chancellor, Kwasi Kwarteng’s ‘mini-budget’ on 23 September 2022, we had a further emergency economic statement from current chancellor, Jeremy Hunt, on 17 October 2022. Turn to page 56 to see what the latest updates are (at the time of writing!), on the rollercoaster ride that is payroll.
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Lora Murphy ACIPP (editor@cipp.org.uk) Editor
16 - Living accommodation: changes to the tax treatment for employees By Susan Ball and Lee Knight
32 - Anything but trivial? By Emma Rawson
38 - Feature – the benefit of benefits By Jerome Smail
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48 - “I want to ride my bicycle” By Adrian Warren
56 - Hot topic – a rollercoaster ride for payroll professionals The CIPP’s policy and research team
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| Professional in Payroll, Pensions and Reward |
Issue 85 | November 2022
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