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The Carval HR Software Blog

Weekly HR and Payroll News Round-Up

Posted by Emma Clare

23/01/15 13:30

A run down on the top HR and Payroll news stories from the last week or so, from HR software provider Carval Computing Limited.

Featuring:

  • General election pensions special
  • Employee engagement adds to the bottom line new research finds
  • A simple ”thank you” is the top motivator for UK employees, a study has shown.
  • More than a quarter of businesses subject to payroll fraud
  • Skills biggest concern for UK CEOs
  • HR professionals value job satisfaction above salary
  • Work Foundation urges employers to make absence policies more flexible
  • PR: Payroll bureaux must brace for auto-enrolment enquiries
  • Overtime ruling hits John Lewis

General election pensions special

See how the pensions policies for Labour, The Conservatives and UKIP stack-up...and what a hung parliament could mean for the pensions industry.

Employee engagement adds to the bottom line new research finds

Recent Hay Group research provides strong evidence of a causal link between employee engagement and business performance. The research suggests firms with the highest engagement scores have a revenue stream on average 4.5 times higher than those with the lowest. Read more. (Read: 5 tips for using HR software to improve employee engagement. >>)

A simple ”thank you” is the top motivator for UK employees, study has shown

In a survey by Argos for Business, 43 per cent of employees cited being valued by managers as most likely to motivate them, while 40 per cent said they stayed in their job because of good relationships with colleagues. Read more. 
 

More than a quarter of businesses subject to payroll fraud

More than a quarter of businesses are subject to payroll fraud, and it is twice as likely in small organisations. These figures should be sobering, as a typical fraud adds about six percent to payroll costs. But the better news is that it can often be spotted before becoming a severe problem, although identification requires an often-lacking professional scepticism from managers and owners. Read more.

Skills biggest concern for UK CEOs

More than four in five (84%) UK CEOs are concerned about the availability of key skills in the workforce, according to the 2015 Global CEO Survey by PwC. This concern about skills has risen considerably from 64% in 2014. Skills are also a bigger headache for UK CEOs than their global peers, with 73% of CEOs globally concerned about skills. Read more.

HR professionals value job satisfaction above salary

HR professionals value job satisfaction as the most important aspect of their working life, according to employment agency Reed’s annual HR Salary Guide and Market Insight report. According to the research, 38% of HR professionals rate job satisfaction as the most important part of working. In contrast, only 17% said they valued good salary and benefits as the most important aspect of their role. Work-life balance was chosen as the most important by 31% of HR professionals. Read more.

Blog post: 5 time management tips to help employees achieve work-life balance

Work Foundation urges employers to make absence policies more flexible

Employers need to increase the flexibility of sickness absence policies, according to a report by Lancaster University’s The Work Foundation. Two in five (40%) employees could suffer from a chronic or fluctuating condition by 2030. The paper argues that for those living with conditions where the symptoms fluctuate – such as asthma, depression or rheumatoid arthritis – the quality of support received varies too much. Read more.

TPR: Payroll bureaux must brace for auto-enrolment enquiries

Payroll bureaux must be prepared for a wave of auto-enrolment queries, warns The Pensions Regulator (TPR), as it prepares to write directly to 1.5m employers about their approaching staging dates. Read full story

Overtime ruling hits John Lewis

John Lewis’ staff costs will increase by £12m following an Employment Appeal Tribunal ruling in November last year. Read full story

 

Topics: HR and Payroll News

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