Chair’s message
Chief executive officer Jason Davenport MCIPP MloD CIPP board of directors Sohail Butt ACIPP Louise Gray ChMCIPPdip Stuart Hall MCIPPdip Dianne Hoodless MSc ChFCIPP FHEA Ana Laiu MSc FCIPPdip Brendan Mulkern FCIPP Justine Riccomini MSc FFTA AIPA Chartered MCIPD ChFCIPP Lara Smart ChFCIPPdip Brian Sparling ChFCIPPdip Cliff Vidgeon BA (Hons) CMA ACG ChFCIPP Clare Warrington MSc FCIPPdip AFHEA Editor Kavitha Sivasubramaniam editor@cipp.org.uk Advertising Daniel Cull 07795 652645 | advertising@cipp.org.uk Design James Bartlett and Nicole Davis design@cipp.org.uk Printing Redactive
It’s the last issue of 2024 and we are all counting down to Christmas and the new year. It’s the time we get together with family and friends to celebrate and enjoy the festivities. The cold weather is now here and it’s a shock to my system after having spent a couple of weeks in Australia attending The Association for Payroll Specialists’ conference. It was great to collaborate with payroll professionals overseas and see the different ways of working.
Working together and sharing knowledge is key for payroll within organisations. Commonly we see close working relationships with finance, human resources and IT, but payroll is really becoming a strategic player in organisational decisions. From compliance advice to system ability, payroll is critical to empowering managers with the information they need to make the right decisions. This issue focuses on how payroll can add value to strategic decisions and provides insight into how to demonstrate this to influence higher management. So, with my final chair’s message for 2024, I would like to wish you and your family a very merry Christmas and best wishes for the new year.
Clare Warrington MSc FCIPPdip AFHEA (clare.warrington@cipp.org.uk) Chair, CIPP
CEO’s message Welcome to this issue of Professional magazine and I hope your plans for a reduced number of working days in December are going well. Typically, throughout December, payroll and pensions teams have to ensure the workload is managed in a shorter time period to allow for bank holidays and shutdowns. They must make sure monies are still able to be transferred across to employees and third parties ahead of the seasonal period. This can mean many of you are asked to do far more stakeholder management at this time of year than during other ‘standard’ processing periods. This could include ensuring the finance team is prepared earlier than usual, third parties know to expect reports and payments for reconciling earlier and pension values are provided for actuary management ahead of usual deadlines. So, there’s lots to do and much engagement needed across the entire business to ensure preparedness. Just as important is working to ensure all employees are paid accurately and on time, as with banks closing and the season being one of the biggest household costs to budget for, this really is a key time to ensure everybody receives the correct payments due to them. This is also a period when the importance of working well with all other areas of the business is heightened. Strategically, payroll and pensions have a key role to ensure cashflow impacts are understood and accounted for, any downtime is planned and financial reports are delivered early for decision making. Working together is central to ensuring success at this key time in the yearly calendar. When the break does finally arrive, I hope you all have a fantastic festive season and have an opportunity to enjoy some quiet time, with rest and relaxation in whichever form you choose to take it. Season’s greetings.
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Trademarks The CIPP logo, the initials ‘CIPP’ and the words ‘Professional in Payroll, Pensions and Reward’ and ‘CIPP Consult’ are trademarks of the Chartered Institute of Payroll Professionals. Copyright: The Chartered Institute of Payroll Professionals 2024. The Chartered Institute of Payroll Professionals, Goldfinger House, 245 Cranmore Boulevard, Shirley, Solihull, West Midlands, B90 4ZL. Switchboard 0121 712 1000
Jason Davenport MCIPP MIoD (jason.davenport@cipp.org.uk) Chief executive officer, CIPP
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| Professional in Payroll, Pensions and Reward | December 2024 - January 2025 | Issue 106 2
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