Industry news
PayCaptain awarded B Corporation status CLOUD PAYROLL service provider, PayCaptain, based in London, is now the world’s first B Corporation certified payroll company. The B Corporation status demonstrates a company’s commitment to their social and environmental impact, and not just their profit- making. PayCaptain has shown the company is a genuine advocate for stakeholder benefits. To achieve the status, PayCaptain had to meet stringent selection criteria, all while displaying its social and environmental impact. It was assessed on several factors, including: ● employee benefits ● stakeholder engagement ● impact on the community and environment. Chief executive officer of PayCaptain, Simon Bocca, commented: “I’m incredibly proud that PayCaptain is a fully certified B Corporation. From day one we’ve used the B-Corporation framework as our guiderail for being the best company we can be. We’re dedicated to creating positive experiences for our own employees as well as those of our clients”.
Inner London employees receive highest average bonus, followed by ‘mobile’ workers DATA PUBLISHED by Cendex, part of XpertHR, has highlighted that inner London employees have received the highest average bonus over the last 12 months, with a median figure of £8,236. Employees who work across numerous regions and are classed as being ‘mobile’ earned the second highest amount, with the average bonus figure equating to £4,806. Of the one million employees held in the Cendex database, 295,549 employees received a bonus in the last year – a 67% increase on the previous 12 months. Chief executives received average bonuses of £172,897, while directors picked up £49,973. Conversely, entry level professionals collected bonuses averaging £642 per year. The data also highlighted the fact that larger companies do not always offer the highest bonuses. Organisations with less than 250 employees granted the highest average bonus of £6,050, yet an average bonus of £2,726 was awarded by the largest organisations, consisting of more than 1,000 staff.
Many UK businesses are failing to report on absences A SURVEY carried out by MHR International has revealed that most UK businesses (84%) are not reporting on employee absences. This means they are missing out on important insights, which could have direct impacts on:
● retention rates and overheads ● financial and productivity levels ● employee well-being.
250 human resource (HR) managers and directors in the UK and Ireland were surveyed, and revealed that, in addition to not monitoring absences, organisations are not certain of the reliability of the people data they do gather. 37% of HR departments involved in the study admitted that they face hurdles in accurately reporting on employee data as they have no single source of truth, and that data is duplicated, outdated and sometimes, information is just completely missing. Read the research report in full here: http://ow.ly/ cP2j30s78NB.
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THANK YOU AND FAREWELL… OLIVIA DUNHAM ChFCIPPdip became a CIPP Payroll Assurance Scheme (PAS) assessor in 2012. Due to work commitments, Olivia is now focussing on her new role as head of payroll, EMEA and APAC, at Columbia Threadneedle Investments.
CONGRATULATIONS GEMMA MULLIS MCIPPdip, who has previously worked as an advisory officer and as a policy and research officer at the CIPP, successfully secured a new role as end point assessment specialist as of 1 January 2022. While this means a move of department and entirely new
Olivia’s contribution has been integral to the success of the PAS and in maintaining the scheme’s high standards. She has helped and supported numerous organisations in achieving the PAS accreditation. The CIPP would like to thank Olivia for all her hard work and commitment over the years.
direction of work for Gemma, we are happy to confirm that she will still be working at the CIPP, where she has worked since 2017. Please join us in extending huge congratulations to Gemma, who is really excited to get her teeth into this new role, which will require her to develop the department.
| Professional in Payroll, Pensions and Reward | February 2022 | Issue 77 36
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