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Business

statutory redundancy pay calculation

How to calculate statutory redundancy pay

By | Business, statutory redundancy pay | No Comments

Whether your business is going through a period of change, you’ve enlisted new ways of working or you’re changing location or closing branches; the ever-changing tides of the economic environment and the very nature of business means that making staff redundant is one of the most frequently used methods by employers to cut costs. Deciding to proceed with redundancies must be a last resort, and all other avenues or solutions must be explored before staff are made redundant. Employees must be selected for redundancy in a fair way. This may be down to their level of experience, skills or ability…

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HR employee working our the median of the Gender Pay Gap for her business

The 3 HR Challenges of Gender Pay Gap Reporting

By | Business, Legal | No Comments

As an HR professional, you’ll no doubt be familiar with the 2017 regulations on gender pay gap reporting. Affecting employers with more than 250 staff, it’s a legal requirement for the following figures to be made publicly available: –        Gender pay gap (mean and median averages) –        Gender bonus gap (mean and median averages) –        The proportion of men and women receiving bonuses –        The proportion of men and women in each quartile of the organisation’s pay structure As reported by the BBC in April 2019, 78% of…

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Why productivity should no longer be your main measure of success

Why productivity should no longer be your main measure of success

By | Business, Human Resources | No Comments

In recent years, ‘productive’ has become the watchword for a positive day at the office. Such has been the persistent push of productivity as a measure of success, the term now permeates everyday life – as likely to be heard around the dinner table of the average employee, as it is in the boardroom. But while we have seemingly become accustomed to judging the value of our day purely by our output, should productivity really be the sole measure of success? Modern thinking suggests perhaps not – and it’s the job of HR to find smarter ways to evaluate performance…

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Young business man using technology to build his employer brand

How technology can help you build your employer brand

By | Business, Human Resources | No Comments

There’s now more competition in the jobs market than ever – but it’s employers, not just candidates, who are competing to stand out from the crowd. June 2018 saw a record low number of applications per vacancy in the UK (Source: Personnel Today), providing proof if any were needed, that it’s a candidate-centric market. It’s clear that employers can no longer take their pick of the top talent – rather, the top talent has to choose you. And that means building an employer brand that the best candidates want to work for… Salaries and incentive schemes will always have a…

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Assets placed on table for HR & Finance to boost company's financial success

How Human Resources can boost a company’s financial success

By | Business, HR Software, Human Resources

Nothing is accomplished in an organisation without people. And the hub of all things people-related is the HR department, which drives activities – such as hiring, onboarding, leadership development and career improvement – that all have a big effect on the success of an organisation. Therefore, both directly and indirectly, HR influences almost every aspect of a company’s financial performance and can have an impact that is overwhelmingly positive and profitable. Yet it can often be hard to prove this point, as people power is a metric that’s all too rarely measured. But this is starting to change and HR…

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