Posted on Jan 6th 2017.
The first HR changes of 2017 are to the National Living Wage and the National Minimum Wage. From April 2017, the National Living Wage will increase by 30 pence. The rate will go from £7.20 to £7.50 per hour. The National Minimum Wage will also increase from:
Secondly, there’s the Apprenticeship Levy. This is payable by employers with an annual pay bill of £30 million, and is due to come into force April 2017. Payments wont commence until May 2017.
Employers meeting this criteria will nee to report and pay the levy to HMRC through PAYE. Anyone that pays into the levy, will have access to the new digital apprenticeship service which funds apprenticeship training.
The third HR change in 2017 is the clamp down on salary sacrifices. From April 2017, most salary sacrifice schemes will be subject to the same tax as cash income. Exceptions to this are:
Fourth, Gender Pay Reporting. Subject to parlimentary approval, the recently published Pay Gap Regulations should come into effect April 2017. The first Gender Pay Report is due the 4th April 2018.
Finally, the last HR change in 2017 is the General Data Protection Regulation.
The Regulations contains provisions that promote more accountability, transparency and governance. Some of the measures are as follows:
An experienced Director who controls and oversee all business operations, people and ventures. Responsible for the overall success of the business.
As a leader, he is able to steer a company to the most profitable direction while also implementing its vision, mission and long term goals. Additionally, he has strong crisis management skills to “save” companies in times of need.
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