A run down on the top HR and Payroll news stories from the last week or so, from HR software provider Carval Computing Limited.
- 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
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
More than a quarter of businesses subject to payroll fraud
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.
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