It is likely that in recent months your organisation will have been assessing how pension auto-enrolment will affect your business. The introduction of which makes it more important than ever that your company’s pension scheme is diligently supervised by a pension professional.
Pension auto-enrolment is a new law that means every employer is required to automatically enrol employees in a workplace pension scheme if certain factors apply. Dependent on the pension plan you currently have in place you may find that this has a substantial affect on your yearly budget.
How does auto-enrolment work?
If the following apply to an employee, an employer is now legally obliged to automatically enrol them in a workplace pension scheme:
- They are aged between 22 and State Pension age
- Their income exceeds £9,440 a year
- They work in the UK
It is likely that some, if not all of your employees are already enrolled in a pre-existing workplace pension scheme and therefore you should not be required to make any changes. However, if you are not contributing to employee pensions, you will soon be obliged to do so.
Recruiting top pension specialists
At Portfolio Payroll we have a comprehensive understanding of the payroll industry, and we are able to recognise candidates with the skills necessary to help your company implement the auto enrolment changes. For instance, candidates with pension administrator experience will have been responsible for ensuring that the correct amounts are paid to employees currently enrolled on a workplace pension scheme. They will therefore bring with them the necessary knowledge of how the system works.
Recruiting for a payroll jobs is an important task for any business as employees within this department hold a great deal of responsibility. Not only are our recruitment consultants experts in the payroll industry, but Portfolio Payroll is the only payroll recruitment agency recommended by the Chartered Institute of Payroll Professionals – asserting the in-depth knowledge we have in this sector.
Whether you are looking to fill a pension auto-enrolment vacancy or a payroll administrator role, we can provide the assistance you need throughout the hiring process. Should you choose to work with us, we will only send you the candidates who we believe would be most suited not only to the job itself but to your business and the values of your company. We will then provide guidance and interview tips in the later stages of recruiting your new pension auto-enrolment specialist.
For more information about working with Portfolio Payroll, please contact our team on 020 7247 9455 or email us at firstname.lastname@example.org.
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