Industry news
The Access Group launches Access People ONE OF the UK’s leading software providers for mid- to large-sized organisations, has launched Access People. The Access Group’s new HR software, content and services division has annual turnover of £112,800,000, and employs 835 staff including 200 software developers. Access People solutions will be available through Access Workspace, a unified platform that brings together every application into a simple user experience. Dean Forbes, president of Access People division, commented: “Access People will provide customers with absolute freedom and flexibility, unparalleled breadth, depth and scalability across all areas of HCM (human capital management), payroll, learning and development and compliance.” Employer advice line launched AN ADVICE line for businesses supporting employees experiencing or at risk of domestic abuse has been launched by crisis support charity Hestia. For more information about Everybody’s Business Advice Line visit https://bit.ly/32N6ZTc, and https://bit.ly/3i1C38x for a detailed pack.
TISA leads industry group on overhaul to AE THE INVESTING and Saving Alliance (TISA) has launched a set of proposals created in collaboration with major pension and investment firms to ensure everyone can better plan, prepare and enjoy their pensions as part of their ‘Getting Retirement Right’ campaign. (The campaign intends to help inform and influence the debate on automatic enrolment (AE) contribution levels.) A proposal, which would help prevent the least financially secure from increasing personal debt levels or foregoing household essentials in order to remain opted into a workplace pension, is to allow certain workers an opt-out of personal contributions but require the continuance of their employer contributions. Those earning less than £17,500 – which would be an additional earnings threshold reviewed annually – would have this option. Currently, AE contributions are set at 8% of qualified earnings: comprising 5% from employee and 3% from employer. The TISA proposals recommend that to reach the New company UKG emerges from rebranding THREE COMPANIES – Kronos Incorporated, PeopleDoc, Ultimate Software – have announced a rebrand and the new company name of UKG (Ultimate Kronos Group). This builds on the strength and innovation of the companies which share a singular focus on inspiring workforces and businesses in Europe and around the world as one of the world’s largest cloud companies. Aron Ain, chief executive officer of UKG, said “Our new brand is rooted in our combined passion and history of focusing on people at work. We believe the UKG brand represents our continued commitment to our employees, customers, and their employees — while at the same time giving us a modern new identity for our future together as one organisation. Separately, our companies have proven that remarkable cultures led by inspired people drive success, and now we are together as UKG, one company with people at our core. “Our new brand represents the people-centric innovation, warmth, and partnership our customers will experience with UKG products and services. “Since our purpose is people, feedback from our own employees, customers, and prospects was the biggest driver in
optimal 12%, contributions should be split evenly between the employer and employee and phased in over a period of six years at a rate of 0.5% per year, commencing in 2023. In line with the Net Pay Action Group, TISA recommends the net pay anomaly should be corrected through an end of tax year reconciliation process by HMRC using real time information data. This would ensure any tax relief forgone is automatically paid to those impacted. Renny Biggins, head of retirement at TISA, commented: “AE has been a bigger success than anyone could have imagined but, nearly ten years on from its inception, changes need to be made to ensure it continues to develop and serve hard working people in the UK. “We hope to continue working closely with the government to realise these proposals, most notably to protect the lowest earners and to ensure contributions reach the necessary 12% of pensionable salary for the majority, which will allow people and households to retire on a moderate income.” the decisions we made about our new brand.” UKG’s products and services drive industry-leading productivity, visibility, and workplace compliance while empowering all employees – salaried, hourly, frontline, office- based, full-time, part-time, and gig. Nicole Bello, vice president, small and midsized business and channel, EMEA, UKG , commented: “The combined expertise of three powerhouse brands now operating together as UKG is well poised to serve the needs of customers around the world. For Europe in particular, customers will enjoy an end-to-end HR and workforce management solution to inspire their people from pre-hire to retire. Jonathan Benhamou and Clement Buyse, co-founders of PeopleDoc, stated. “As part of UKG, we are streamlining our approach and now have access to tens of thousands of global customers and are part of a group that generates $3 billion (USD) in yearly revenue. We’re really excited about this next phase of growth, while keeping what is so important to us, a strong team and strong values to do what is good for our customers and what is good for our people.”
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| Professional in Payroll, Pensions and Reward |
Issue 65 | November 2020
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