FINANCIALAWARENESS, PAYONDEMAND (POD) AND FUTUREOF PAYMENTS PANELDISCUSSION
VICKIEGRAHAMDIPMACIMACIPP BUSINESS DEVELOPMENT DIRECTOR, CIPP AARONFUCHS COMMERCIAL VICE PRESIDENT, CERIDIAN ANTBRASSINGTON DIRECTOROF PRODUCT AND STRATEGY, MOOREPAY STEVEWATMORE PAYROLL PRODUCTMANAGER, SAGE
Vickie led this interesting discussion focusing on how the role of payroll is changing and technology is enabling payroll to add strategic value to organisations. Financial awareness has been a hot topic for payroll for a while, even more so since the onset of the Covid-19 pandemic and the impact that has had on the lives and livelihoods of employees. Our panel discussed how payroll can support employees in financial awareness, including how it is an important aspect when considering offering PoD. Often a controversial topic, our panellists talked about how their organisations enable PoD, and provided food for thought regarding access to earned wages. Whilst ‘true’ PoD would require significant change, models currently available do support employee engagement within organisations.
In addition to PoD, our panellists briefly explored cryoptocurrency as an alternative payment method.
THE IMPACTOFBREXIT ONUKPAYROLL TIMKELSEYFCIPPAIPA PAYROLL CONSULTANT AT KELSEY’S PAYROLL SERVICES Tim shared an update on the impact Brexit has had on payroll. Tim advised delegates to be vigilant and aware of the immigration position of business visitors, and the limitations on their activities that are currently in place.
Tim discussed intra-company activities, along with the position when UK employees work outside of the UK, and similarly, where international employees work inside of the UK. He highlighted HMRC’s short-term visitor agreement and guided delegates through the complexity of social security arrangements across borders, sharing an insight into social security contributions in some European Union (EU) states. Tim shared details of the EU–UK Trade and Cooperation Agreement and the changes to be mindful of because of this new deal. A detailed and varied account of the impact of Brexit on UK Payroll.
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