At Selima, HR and payroll are our pedigree. This regularly updated blog is our way of conveying how we feel about shifts in the industry, HR and payroll news, upcoming events and effects on businesses.
The Government has recently announced that they’re cutting back on plans to tax termination payments. The payments are a severance payment arranged for staff upon termination of their contracts. This could be because of retirement, dismissal or redundancy.
Recent news articles have reported details of Bolton Wanderers football club failing to pay their staff on time again in January, as the financial crisis persists at the Macron Stadium.
Earlier this week Wanderers appeared in the high court over a £2.2m unpaid tax bill to HM Revenue and Customs. Staff were paid on time in December but it is understood the money was not raised by the owner, Eddie Davies, who has withdrawn his financial support and is looking to sell.
Businesses in the Hospitality and Retail sectors have been begin feeling the pinch from the rising cost of overheads and operating costs especially increases in the National Living Wage and National Minimum Wage.
That National Living Wage will increase by 4.1% in April 2017 to £7.30 and is set to increase to over £9 by 2020 according to Government policy. For employees under 25, the National Minimum Wage will also be increasing from April.
Apprenticeships are often used as a source of employment by many firms across industries. Whether you view them as a cheaper way to bolster employee numbers, or a means to grant young adults valuable experience, apprenticeships are on the rise. In fact, just over half a million people in the UK started apprenticeships across 2015/16, a marked increase against the previous year.
There are a number of possible reasons for this. One could be that young adults are put off from the eye-watering higher education fees. Some may want to join a firm for the experience, or to try something new. Then there’s always the prospect of a qualification, which along with the experience looks superb on CVs.
The Southern Rail strikes are a stark reminder of how corporate mismanagement has a habit of trickling down to the ground level. When your employees take strike action, it can have disastrous consequences outside of the business, especially so in the public transport sector.
Happy new year, folks! The festive period is over, everyone’s back to work, the kids are in school and it’s business as usual for HR. Or is it? Advancements in technology and a marked increase in working young adults show that change is approaching. As cited by the Office of National Statistics, nearly 4 million 16-24 year olds are in work. As such we’re writing this blog post to highlight and predict what’s going to be trending for HR centric industries in 2017.
It’s that time of year again. Holiday festivities can come with a lot of employee baggage, including taking extra time off in preparation for the Christmas period. This is so common that it can leave businesses short staffed at this time of year. We understand that this is far from the easiest time of year, for retail and hospitality based businesses, for getting employees to work a certain number of hours. This can be especially tricky with zero hours contracts, where the number of hours aren’t guaranteed in the first place.
It’s less than a week until Christmas, and thousands are yet to do their annual gift shopping. In fact, we’ve noticed that most shoppers will leave it down to the wire before hitting the cold expanse of the busy high street. As footfall continues to rise the closer Christmas gets, we understand that retailers can start to feel overwhelmed when they’re greeted by a sudden surge of shoppers. Especially when not all of them will necessarily buy something.
The festive season is unarguably one of the most stressful times of the year for businesses. Whether you’re a Michelin star restaurant or a stall at the Christmas markets, the Christmas period is by far the most successful and therefore most stressful time of the year. Of course, with the festive season, comes an entirely new set of challenges and obstacles for businesses, many of which land in the human resources department.
Does your company traditionally hold a Christmas party? If so, that’s great! Staff Christmas parties are an excellent way to talk to employees you won’t normally spend much time with during a regular working day. It’s a fun melting pot for all the watercooler moments you’ve experienced that year. To avoid unwanted HR nightmares, make sure to review your policies first and foremost!