?The majority (88%) of employers have said that upper management could do more to promote the financial wellbeing of their employees, and HR’s autonomy to act on the issue could be the answer.
Employers have 90 days to notify HMRC of any accidental claims of coronavirus financial support, following the passing of the 2019-21 Finance Bill last week.
More employers are considering a workplace savings scheme to reprioritise financial wellbeing following coronavirus.
?At times of crisis, some organisations’ knee-jerk reaction is to cut back on employee benefits to reserve capital and protect jobs.
?According to research from industry body Group Risk Development (GRiD), 9% of UK businesses said that providing financial support is not their responsibility
The vast majority (90%) of employers agree that financial worries have a negative impact on an employee’s mental health, a survey by fintech company Smarterly has found.
HR should already be thinking about how it will help employees bounce back and readjust to working together again, according to former cabinet minister Justine Greening.
HR magazine spoke to professionals in the sector to gauge the reaction to the UK’s new financial plans
The HRD’s pocket guide series offers an explanation of areas outside day-to-day HR that business-savvy HRDs need to have a handle on
There is a lack of collaboration and co-ordination between finance, HR and the leaders of UK businesses, according to OrgVue research
The government has launched a consultation on IR35 in the private sector prompting criticism of the public sector roll-out
It is believed the move will target those who are actually full employees and who have set themselves up as private companies to take on work
