Employee Benefits
MARCH 6, 2024
According to Spring Budget documents, the Office for Budget Responsibility (OBR) has forecast that the latest reduction means the total hours worked will increase by the equivalent of almost 100,000 full-time workers by 2028-29.
Employee Benefits
FEBRUARY 21, 2024
Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. This means no annual increase to factor in the effect of inflation.
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Employee Benefits
NOVEMBER 17, 2022
Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028. The post Government maintains national insurance contributions freeze appeared first on Employee Benefits.
HR Professionals Magazine
JULY 26, 2022
What is the relationship between inflation and employee benefits? Why would inflation be important when employers are considering impacts to employees? Projected National Health Expenditure, 2019-2028. trillion by 2028. by 2028. . by 2028. . for 2019-28 and to reach $6.2 in 2018 to 19.7%
Employee Benefits
FEBRUARY 15, 2024
The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. The post Exclusive: Welsh government rolls out new employee benefits framework appeared first on Employee Benefits.
Employee Benefits
FEBRUARY 14, 2024
The UK government plans to increase the retirement age from 66 to 67 by 2028 and 68 by 2044, with experts believing it may eventually rise to 71 (Workplace Wellbeing Professional). Whilst employees can still choose to retire early, if they have the means, they won’t be able to access their government pension till much later.
Griffin Benefits
MARCH 22, 2022
through 2028. Machine learning and artificial intelligence baked into modern HR information systems can help organizations pinpoint what employees’ benefits need today and predict what they’ll need in the future. billion, with estimated annual growth of 12.2% But HCM systems can deliver more than productivity gains.
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