Archive for February, 2014

BBC Stars | Employed or Self-Employed?

BBC staff paid as freelancers are being targeted to be taken on the payroll. This means the BBC will have to pay them holiday pay/statutory sick/maternity/paternity/adoption pay, pension contributions, and pay employers Class 1 NIC’s. The BBC argue this has to be cost-neutral to them, so the freelancers have been offered either a 25% pay cut with staff benefits such as the BBC’s pension, or a 13% pay cut with only minimum conditions. The BBC were criticised for paying some 804 staff through Personal Service Companies (PSC) which can be used as a legal way of reducing tax liabilities. If…

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How to get Valentines Day off? Go on strike!

Senior staff at HMRC are on strike today. Their beef is over the introduction of a new employee appraisal system which must find 10% of employees to be underperforming. It sounds like the rank-and-yank system, aka 20-70-10 system, where the top 20% of the workforce are high-flyers, 70% work adequately and 10% are underperformers. Over time you get rid (yank) of the 10% to raise standards, but it’s recommended it is only used for 3 years, otherwise the 70% become the 10%! The problem is it can be a bit subjective, open to personal opinion and discrimination. Employees may work…

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Pension Auto-Enrolment (AE) – Do you know when your Staging Date is?

Check your staging date here http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx, you will need your Paye Reference. Failure to comply with legislation attracts heavy financial penalties (fixed penalty of £400, plus daily penalties of £50-£10,000 depending on the number of staff you have, plus civil penalties for failure to pay contributions due of upto £5,000 for individuals and £50,000 for organisations). So once you know your staging date we recommend you start planning 12months in advance!

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