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Choosing the best workplace pension for your business

Employee Benefits

Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.

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The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Employees can contribute as much as they wish as long as it does not take their take-home pay below the minimum wage. Age limits are 16 to state pension age. Age limits are 16 to state pension age.

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Top 5 reasons to check your payslip

cipHR

Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or working from home. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

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5 Reasons your workplace pension plan may be undermining your business (and why you should review it)

Employee Benefits

You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.

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What are the pros and cons of digital self-service pay systems?

Employee Benefits

However, experts say that engaging employees in the process of inputting their own pay, and giving them access to pay information, through digital self-service systems can not only aid recruitment and retention in itself, but also drive better take-up of existing benefits and free up HR teams to focus on yet further value-adding activity.

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Nudge, nudge, hint, hint: how nudge theory can influence employees’ decisions

cipHR

. “The concept of nudging, applied in an ethical, sustainable and scalable way, represents one of the largest untapped opportunities in HR management” Think back to when employees had to sign up to the company pension scheme. But it left these employees with only the state pension waiting in retirement.

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PoloWorks to roll out new benefits technology

Employee Benefits

In addition, the data available through the platform will provide an insight into benefits usage, ultimately, enabling the organisation to take steps to increase engagement. Harriet Grant, HR manager at PoloWorks, said: “For us, Zest is about consolidating our core benefits onto one platform.