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You just have to walk in your local park, view the changing scenery when driving to work or glimpse at the buds appearing on the bare branches in your garden to recognise the signs of Spring.
Spring should be associated with a time for growth, vitality and promise but with the B-word being ever present and dominating our daily lives, this period of time is an age of uncertainty.
Recent research from the Right Management suggests that only 11% of employers have clearly communicated their Brexit plans to their workforce, 33% of employees expect a pay freeze when we leave the EU, 54% of employees believe that additional strain will be put on them and only 21% said that the organisation they work for were prepared to turn the impact into success.
A Busy April
Throughout April it is crucial for companies to support their workforce and keep them informed of their Brexit plans to help boost morale and employment engagement.
In addition to this extra workload employment law changes and statutory rate increases need to be implemented. One thing is for certain; April is going to be a busy month for managers and HR teams.
Employment Law Changes
We’ve listed below what you need to know and do :
Larger organisations with 250 or more employees need to submit their gender pay gap report.
Changes to the rules on payslips come into force on 6 April.
Commercial organisations with a total turnover of at least £36 million per year are legally required to publish annual modern slavery and human trafficking statements. There is no set deadline to publish this information, but the government recommends that organisations submit their statements within 6 months of the end of their financial year.
The following rates are to increase from April 2019 :
*Or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate.
In addition to implementing these changes remember to update any documentation or procedures that contain these figures such as maternity and absence policies.
Spring Statement 2019
In Philip Hammond’s mini-budget in March, he made it clear that the UK is very much ‘open for business’ and that our economy stands strong with increasing wages and unemployment at an all-time low . To take advantage of post Brexit opportunities Hammond detailed his investment plans for infrastructure, technology, housing, skills and clean growth.
These are the highlights which impact business :
We’re Here To Help
If you need our experienced team of HR professionals to help you with any of the changes detailed in our News Round-up please call us on 0161 941 2426.
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