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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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Top 5 reasons to check your payslip

cipHR

Despite their importance for keeping track of our pay, as many as one in twelve people (8%) admit that they rarely (or never) look at them. CIPHR asked payroll expert Jon Lee for some pointers. 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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What are the pros and cons of digital self-service pay systems?

Employee Benefits

Need to know: Involving employees in a digital self-service pay system can help boost engagement and retention with the organisation. Quick and easy access to payroll information can also help employees see the impact on pay of benefit take up. If I want to order a takeaway on Deliveroo, I want it now,” she says.

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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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PoloWorks to roll out new benefits technology

Employee Benefits

Colleagues can access information about everything on offer, as well as self-serve additional salary sacrifice options such as additional pension contributions, family private medical insurance, holiday purchase and cycle to work, and instantly see how this will impact their take home pay.

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Cost of living crisis: 7 ways employers can support employees

cipHR

Pay: real living wage, and salary increases. Pensions contributions. Get payroll right. Pay: real living wage, and salary increases. Pensions contributions. Pensions are designed to provide money for employees’ retirement and are one of the most popular and widely available benefits. Salary sacrifice.

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What can benefits technology tell an employer about its workforce?

Employee Benefits

Benefits professionals should also look to HR technology, bringing in data from employee surveys, payroll and offboarding for deeper insight.” Employees who get into financial distress are likely to opt out from benefits, even important ones like pensions or healthcare, to boost their take home pay,” he explains.