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There are several legislative aspects that payroll professionals in the UK need to be aware of going in to 2020. Added to that are a whole host of changes in UK HR and it’s going to be an interesting year.
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There are several legislative aspects that payroll professionals need to be aware of going in to 2020, which are likely to come into effect in the UK’s new financial year; 6th April 2020. Added to that are a whole host of changes in UK HR and it’s going to be an interesting year.
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Running payroll in a foreign country can be overwhelming with the many different regulations to follow, and calculations needed using local rules. Due to this, multinationals will frequently rely on payroll outsourcing to handle the administrative and compliance steps of paying employees.
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According to Investopedia, “outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff.”
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The prosecution of workplace class action litigation by the plaintiffs’ bar has continued to escalate over the past decade. Class actions often pose unique “bet-the-company” risks for employers. As cost-effective approaches to class action litigation involve complex variables, these risks have grown exponentially.
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Governments across the United States continue to enact laws and pass rules addressing labor and employment issues. These developments present difficult compliance challenges for companies, especially those with operations in multiple states.
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On December 11, 2019, the Washington State Department of Labor and Industries (L&I) announced significant changes to the eligibility for employees to be classified as exempt under the white-collar exemptions.
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Employers always have difficulty knowing what sums should be included in calculation of the regular rate and many employers unwittingly walk themselves into trouble by not knowing the intricacies of FLSA computation. Well, the USDOL is finally doing something about that.
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Digital spreadsheets were invented and made popular somewhere between 1961 and 1981. They were originally designed for accountants but quickly spread to other professions, too. Teachers, engineers and salespeople all found ways to use digital spreadsheets.
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