O N L I N E L E A R N I N G
Industry news
Introduction to payroll
The Global Payroll Awards 2021 AFTER ONE year of running its awards on a virtual basis, the Global Payroll Association reverted to holding its 2021 Global Payroll Awards in a face-to-face capacity, at the prestigious Hatfield House in Hertfordshire. The event ran on the evening of 11 November 2021, on which sixteen awards were presented. Congratulations to all the winners. Full details can be located here: http://ow.ly/mFJ330s1QWh. Is hybrid working here to stay? RESEARCH FROM Hubble, a platform that assists businesses in finding the right balance between office and home-working, suggests that hybrid working is here to stay. Recently collected data highlighted that 86% of employees would like to work remotely at least once a week. In response to this, 59% of employers have searched for on-demand office spaces to offer to hybrid workers, who share their time working between their office and their home. Over 35% of workers have confirmed that they are more likely to go searching for a new job if they are expected to return to work in the office full-time. This suggests that offering hybrid working arrangements is a great tool for businesses in terms of not only attraction, but also retention.
Duration Three days (six half days)
CPD 15 points
The introduction to payroll gives detailed training on the fundamental elements of payroll processing with practical examples, such as calculating income tax, National Insurance contributions (NICs) and various deductions from pay.
Do people check their payslips? RECENTLY CARRIED out research by CIPHR indicates that the majority of workers (57%) always check their payslips. There are others, however, who do not check their payslips on a regular basis, even though it is really important for individuals to keep track of their pay. The research involved a poll of more than a thousand people, carried out between September and November 2021, and also showed that older workers are more likely to always check their payslips when compared to their younger counterparts. 74% of people over
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Research shows that not everybody regularly checks their payslips.
the age of 55 say they always check their payslips, compared to less than half (45%) of 18–24-year-olds. Additionally, 60% of women stated they always check their payslip, as opposed to 53% of men. The survey results can be accessed in full here: http://ow.ly/R3Pv30s1Rz8.
Research suggests that payroll outsourcing is growing in Europe SD WORX has found that the outsourcing of human resource and payroll functions is increasing in popularity across Europe. Three in five organisations are currently using, or are considering using, a partner to look after their payroll activities. The average number of European companies that either entirely or mainly outsource their payroll has increased from 16% in 2020 to 21% in 2021. In the UK, however, businesses are more likely to want to continue to play a part in payroll processing, with 54.4% stating that they want to be responsible for payroll calculations and making payments themselves. There is also a clear preference for wanting to manage information relating to organisation compliance with UK social and legal legislation, instead of outsourcing this responsibility to a third party.
| Professional in Payroll, Pensions and Reward | December 2021 – January 2022 | Issue 76 34
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