“Those who rule data will rule the entire world.” Masayoshi Son (1957–) (http://bit.ly/2UHW6jk)
There are many good articles in this issue, but the one which is an energising must-read is ‘The future of payroll’ (page
In another era – when I was young(ish), in the mid 1990s – I had an article published in Personnel Today magazine in which I advocated that HR practitioners should note and use the high quality and accuracy of payroll data. Well, what other system’s data is ‘audited’ so frequently by so many people? I asserted that employers should be drinking from the well of pure payroll data. (Sadly, I didn’t keep a copy.) Today, all data is highly valued.
41) by Nick Day. If you were worried about the impact that automation and artificial intelligence might have on the profession,
Nick foresees a fascinating, positive future in which payroll data is increasingly utilised by employers. Of course, payroll professionals must meet the challenge ahead and adapt and evolve. The contributors to the feature topic article ‘Risk assessment and management’ (page 18) quite rightly discuss various aspects of payroll data security. Jerome Smail observes that “the payroll function is the custodian of a huge amount of confidential and sensitive data”.
Mike Nicholas MCIPP AMBCS (editor@cipp.org.uk) Editor
Chair’s message
For most individuals, the first contact with risk assessment comes as they move into a management position, and then it becomes part of their everyday life. Typically, this will begin with inclusion in business continuity planning to ascertain what actions need to be taken
going-concern, are we managing money correctly, with the right ratio of creditors and debtors and cash on hand? I hope each of you enjoy and take something from the articles contained in this edition. I have certainly always enjoyed reviewing risk and ensuring plans in place to mitigate the risks identified are both robust, tested and regularly reviewed with everyone who has a part to play. No point having a risk register and no one knowing the part they are expected to play in its enactment. As always if you have any comments on this edition or other items you would like to see covered, please do drop me a line at the email address below.
to ensure the business will be able to run in the event of a multitude of factors. The management of mitigating situations include actions to cover sickness and long periods of absence of staff, testing of key systems to ensure they are available when needed and back-up plans to continue supporting clients and maintain access to key documents. However, risk assessment broadens as you move to more senior positions and are asked to determine various other factors, such as a risk appetite when tendering for business and considering new clients or territories who may wish for items to be included in contracts that you are not used to agreeing. Also, for those within the C-suite, typical first questions foremost in the mind are whether the business is a
Jason Davenport MCIPP MIoD (jason.davenport3@cipp.org.uk) Chair, CIPP
Regular as clockwork and here’s another year-end. I hope everything is in hand, no reconciliation issues and it all goes smoothly. Which reminds me I recently attended the annual training event held for our trainers, who deliver training across the country on a CEO’s message
to enact. It’s also an appropriate time to remind you of an invaluable key member benefit, namely: Payroll: need to know - your guide to UK payroll legislation and reporting for 2019-2020 (https://online. flippingbook.com/view/886459/). This contains all relevant UK payroll, pensions and general employment items and is indexed and categorised for easy reference. Each item is in date order to ensure you have the latest updates on any given subject. The titles of new news articles added since the last publication are highlighted to ensure visibility in the index. In addition, for those earlier year queries all previous annual editions (2011/12 through to 2018/19) are always available to view and download in the dedicated area of the CIPP website. The policy unit of the CIPP produce this detailed document for your benefit so please follow the link and avail yourself of this benefit.
large number of educational and practical topics. Discussing the challenges of adapting and being flexible in how we deliver training in a marketplace where individuals and organisations want greater use of flexibility and technology, the passion and many (many) years of experience and desire to educate came across so strongly. Many in the room had training provided to them by the CIPP at times during their careers. It was gratifying to see this being carried forward by a group of payroll and pension professionals keen that those in payroll and pensions today recognise the benefits of solid training and education. My personal thanks to all the trainers who work with the CIPP – their efforts, knowledge and professionalism on behalf of the CIPP are really appreciated. As ever – and although this is written before the later than usual Budget! – I’m sure that in the next fiscal year there will be changes
Ken Pullar FCIPP (ken.pullar@cipp.org.uk) Chief executive officer, CIPP
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| Professional in Payroll, Pensions and Reward |
Issue 58 | March 2020
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