Phil Gorman’s Post

I'm sharing an excellent perspective on the upcoming National Insurance changes in the UK and what they mean for businesses. At Phase 2 Growth, we’re already working with companies across Europe to explore smarter, cost-effective options like outsourcing to establish a UK presence. If these changes might affect your plans, check out Phil’s post—it’s a must-read for business leaders thinking ahead to 2025

Staying Relevant to Candidates in the UK Loss Adjusting Market: Which Benefits Matter Most? 💷 Financial Rewards: Settlement bonuses remain lucrative to applicants. ⚖️ Evolving Priorities: Candidates are increasingly prioritising work-life balance. 🏥 Traditional Benefits: Corporate benefits like private medical insurance, death in service, and pension contributions are becoming less of a priority. Enable Recruitment, a B Corp™, supports our clients with live analytics powered by our Candidate Voice platform. See our latest article below: 👇 https://lnkd.in/eJnRbinu

#businessowners, do you know how much #nationalinsurance you need to pay as an employer? Our blog reveals all https://lnkd.in/e34b4mit

The upcoming rise in employer National Insurance Contributions (NICs) in the UK, set to increase from 13.8% to 15% from 6 April 2025, alongside a reduction of the secondary threshold from £9,100 to £5,000, will significantly impact business costs. These changes will pose challenges for many businesses, particularly SMEs, who must carefully plan to manage the additional expenses. In this article, we outline strategies employers can adopt to mitigate the financial impact of these changes. We’ve also provided key data in an easy-to-read table to help you understand the impact and solutions available. https://lnkd.in/eZhj3viy

Discover how the Employee Retention Tax Credit, part of the CARES Act, can help your business retain staff and stay afloat. Learn eligibility, claiming process, and more on our latest blog. #ERTC #CARESAct #BusinessSupport #COVID19Relief

Really insightful commentary from David Williams our Head of Group Risk in this article reviewing yesterdays spring budget. David highlights why he feels the government have missed a trick in supporting businesses further with the wellbeing of their workforce and the positive impacts that woukd have on both productivity and people’s health generally. Well worth a read.

🔥 Attention Employers! 🔥 📣 Are you struggling with the rising costs of employee salaries? 💸 Here's an interesting conversation that took place between a boss and an HR manager. It sheds light on a crucial aspect of running a successful business. 👥 Boss: "We can't afford the pay rise he wants." HR Manager: "Then we should pay for it." 🤔 "What?! Why?" asked the Boss. HR Manager replied: 💡 "If we can't afford his increase, we can't afford to advertise, interview, hire, pay, and train his replacement. It costs less to keep staff than replace them." 💼 As a business owner, you know that retaining good employees is vital for long-term success. But what if I told you there's a way to reduce your annual National Insurance (NI) bill by up to £10,500? 😱 🔍 Firstly, let's ensure you're making full use of the Employer Allowance. This incredible allowance can significantly reduce your NI expenses, providing much-needed relief for small and medium-sized businesses. And here's the best part: starting from 6th April 2025, the allowance will increase to £10,500 (up from £5,000 in the current 2024/25 tax year). 💰 📈 Our expert team is here to help you navigate through the complexities of tax regulations and ensure that you're receiving the maximum benefit possible. We'll work closely with you to optimize your finances and make your business thrive! 💼💪 📢 Don't miss out on this opportunity to save money while retaining your valuable employees. Reach out to us today, and let's discuss how we can make your business more financially efficient. 🤝 https://bit.ly/4fMnfYI #BusinessSuccess #EmployeeRetention #CostEfficiency #TaxOptimization #FinancialSolutions #SmallBusinesses #MediumSizedBusinesses #EmployerAllowance #NIExpenses #SaveMoney

The upcoming rise in employer National Insurance Contributions (NICs) in the UK, set to increase from 13.8% to 15% from 6 April 2025, alongside a reduction of the secondary threshold from £9,100 to £5,000, will significantly impact business costs. These changes will pose challenges for many businesses, particularly SMEs, who must carefully plan to manage the additional expenses. In this article, we outline strategies employers can adopt to mitigate the financial impact of these changes. We’ve also provided key data in an easy-to-read table to help you understand the impact and solutions available. https://lnkd.in/earp2j-Z

The recent UK Budget has brought a significant change for employers with a planned increase in employer National Insurance contributions. Starting in April 2025, employer NICs will rise by 1.2%, moving from 13.8% to 15%. Additionally, the secondary NIC threshold—the point at which employers start paying National Insurance per employee—will drop from £9,100 to £5,000 annually. This shift means employers will face higher NIC obligations on each employee’s earnings above this lower threshold, increasing the overall cost of employment for many businesses. At Jenkins Recruitment, we know the value of skilled finance professionals who can help businesses navigate these complex changes. Whether it’s maximising efficiencies, managing payroll impacts, or ensuring compliance with regulatory updates, experienced finance talent is essential for staying ahead. With over 30 years of experience specialising in Finance appointments from mid-senior level, our team at Jenkins Recruitment is here to help you find the experts who can make a real difference. If you're looking to strengthen your finance function in light of these recent changes, we have the expertise to connect you with skilled candidates in this field. Please get in touch if we can help strengthen your team. #FinanceRecruitment #JenkinsRecruitment #Budget2024 #FinanceExperts #EmployersNI #ExecutiveSearch

💼 Budget 2024: Employers' National Insurance up to 15% 💼 Yesterday's announcement on Budget 2024 brings with it a significant change for businesses across the UK: an increase in employers' national insurance contributions to 15%. As many in the business community consider the implications of this change, it’s clear that it will have a far-reaching impact on cost planning and employee strategies. This rise will naturally encourage businesses to think critically about workforce investments, overall operational efficiency, and cost-cutting measures. However, this adjustment could also be an opportunity to focus on value-driven growth, including upskilling teams, optimising workflows, and leveraging technology for greater productivity. Adapting to policy shifts like these is challenging, but with strategic planning, businesses can navigate the adjustments ahead. https://lnkd.in/ehgYtp8V #Budget2024 #EmployersNI #BusinessGrowth #NationalInsurance #StrategicPlanning