Workforce Connections’ Post

Well of course!

There are a number of rules and regulations that you must be aware of when you employ staff for the first time. #Payroll #HMRC #PayrollSetup

There are a multitude of rules and regulations that you must be aware of when you start employing staff for the first time. #Employment #Payroll

In today’s competitive job market, Thornwood Financial believes that retaining top talent is as crucial as attracting it. The concept of “𝐠𝐨𝐥𝐝𝐞𝐧 𝐡𝐚𝐧𝐝𝐜𝐮𝐟𝐟𝐬” – offering a mix of incentives and benefits to encourage employees to stay with a company – has become a key strategy for many businesses. This approach not only rewards employees, but also aligns their interests with the potential long-term success of the company. 𝐁𝐮𝐭 𝐡𝐨𝐰? The golden handcuff approach: 💡 Aligns Interests with Long-Term Goals 💡 Attracts and Retains Top Talent 💡 Encourages Stability and Reduces Turnover 💡 Fosters a Culture of Commitment and Loyalty 💡 Customizes to Meet Individual Needs Learn more: https://bit.ly/486oPRm #ThornwoodFinancial #Thornwood #FinancialAdvisors #FinancialAdvisor #SolutionOriented #Chicago #Illinois #Huntley #Racine #SunCity #EmployeeRetention #GoldenHandcuffs #StrategicApproach #FinancialIncentives

If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that you are entitled to receive is known as ‘statutory redundancy pay’. There are exceptions where you are not entitled to statutory redundancy pay, for example, if your employer offers to keep you on or offers you suitable alternative work which you refuse without good reason. #Redundancy #RedundancyPay

It is not that long until the current 2023-24 tax year comes to an end and there are a number of year end payroll chores that must be completed. This includes sending a final PAYE submission for the tax year. The last Full Payment Submission (FPS) needs to be submitted no later than the last payday for your employees of the 2023-24 tax year. #Payroll #PAYE #PayrollReporting

If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that you are entitled to receive is known as ‘statutory redundancy pay’. There are exceptions where you are not entitled to statutory redundancy pay, for example, if your employer offers to keep you on or offers you suitable alternative work which you refuse without good reason. #Redundancy #RedundancyPay

💡 When it comes to partnerships, we know price is always on your mind. At Eastridge, we may not be the lowest-cost provider, but we bring unmatched value. Jessica Zucker, our SVP for Industrial Staffing, explains how we save companies money by reducing operational costs, filling open positions, and cutting turnover rates. It’s not just about the markup—it’s about your bottom line. 📉 Learn how our strategic approach delivers real savings and operational improvements. 🌟 #WorkforceSolutions #OperationalEfficiency #IndustrialStaffing #Eastridge

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a company car. Class 1A NICs are also due on charge on termination awards above a £30,000 threshold that have not already been subjected to Class 1 NICs deductions. There’s no employee contribution payable for Class 1A NICs. #NIC #Class1aNIC

There are many advantages to creating an employee suggestion scheme where employees are rewarded for making suggestions that benefit your business. Apart from the value that these suggestions can have in saving money or driving new business ideas there are also tax-free benefits associated with running these schemes. #SuggestionSchemes #TaxExemptSchemes