Recruiting and retaining key talent has never been more important to organisations.
Two central aspects to this are:
1. Employers - reward individuals effectively.
2. Employees - manage tax and national minimum wage risk compliance.
How we help employers
Training Workshops to help employers understand the technicalities of Employment Tax, IR35, NMW and CJRS/Furlough compliance requirements.
Desktop review of relevant documentation.
Analyse the interaction with flexible furlough.
Establish internal guides and policy papers, including frequently asked question documents.
Support with proactive reviews and HMRC prompted reviews.
Designing effective reward strategies to manage costs and retain key talent, including pay differentials, non-cash benefits, salary sacrifice, pension etc.
Interaction with regional, gender pay gaps.
Consideration of Voluntary Living Wage accreditation.
Alignment of workforce structure and training programmes (e.g. apprenticeships), including pay bindings.
Evaluating employment status to establish if NMW applies (volunteers, sole traders).
Tax, enhanced 'take home' pay and reduced employment costs
How organisations pay workers is always a key topic and goes beyond basic salary/hourly pay. Organisations need to consider what is right culturally, reputationally, and legislatively to make sure they remain attractive to work for.
We help organisations by supporting them with designing effective reward strategies that look at the overall picture, not just whether there is a tax liability.
The days when lip service could be paid to the issue of human rights are long behind us; it is now essential every business ensures its policies, processes, procedures, and controls do not harm others.
A sound culture reflecting organisational strategy and values is a key driver for both financial and operational success and, influences ethical behaviour. It drives innovation, attracts talent, and protects the brand.