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COVID-19 crisis, recession and the financial stress on households

While the primary concern is on health during the COVID crisis, financial wellbeing is crucial as it contributes to employees' overall wellbeing. According to Jeff Phipps, Managing Director at ADP, this is the time for businesses to support employees’ financial wellbeing as many are concerned about their finances.   

Contributor: Jeff Phipps, UK Managing Director of ADP | Published: 5 June 2020

Covid-19: Employers urged not to forget financial and emotional support

Some employee benefits are designed to provide financial and emotional support for staff who are absent through ill-health, or to dependants of employees that die, such as group risk benefits (employer-sponsored life assurance, income protection and critical illness).

Contributor: Katharine Moxham | Published: 13 April 2020

Better benefits do tempt employees to jump ship

Jo Sellick, Managing Director of Sellick Partnership, said, “The data demonstrates exactly how persuasive a good benefits package is for recruitment, and also presents a valuable opportunity for smaller companies and start-ups."

Contributor: Jo Sellick, Managing Director - Sellick Partnership | Published: 25 March 2020

Budget provides clarity and boost for electric vehicles

Chancellor Rishi Sunak’s Spring Statement has provided more clarity for fleets, after delays in the adoption of new company car taxes led to uncertainty in the sector. However, the new rules will mean higher tax bills for some drivers, as Mark Evans, ALD Fleet Consultant, explains

Contributor: Mark Evans and Sarah Gray - ALD Fleet Consultants | Published: 17 March 2020

Employers face challenges supporting the needs of higher earners

96% of companies have been forced to implement new initiatives to deal with higher earners including offering cash alternatives since the tapered tax allowance came into play

Contributor: Steve Watson, head of proposition - Smarterly | Published: 11 February 2020

The HRDirector Business News

Tax changes to look out for in 2020

As 2019 draws to a close and a new year and new decade awaits us, a number of changes to taxation legislation are due to be implemented in 2020. These taxation changes are due to affect those with rental property or second homes as well as impacting estates liable for inheritance tax.

Contributor: David Redfern, Managing Director - DSR Tax Claims Ltd | Published: 3 January 2020

Healthcare benefit costs set for hike in 2020

Due to the hyperinflationary nature of the Venezuelan economy, Venezuela has been excluded from Latin America regional and global totals. Including Venezuela, the 2020 global average trends would be 7.2 percent, and Latin American average trends would be 14.8 percent.

Contributor: Cecil Hemingway | Published: 15 December 2019

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Calls for London care sector to adopt “real living wage”

The scheme is separate to the Governments National Living Wage for workers aged 25 and above which currently stands at £8.21 an hour. Newham Council recently increased their hourly rate pay to its contracted home care providers, in order that they can pay their staff, a real London Living Wage.

Contributor: Michael Ainsley | Published: 22 November 2019