Prasanth R.’s Post

Bonuses are on the rise in Belgium 🚀 The bonus allocated to employees is up 5.5% compared with last year. A quarter of Belgian employees received a bonus this year, the same as last year. While most employees received a collective bonus from their employer, warrants are the most popular choice for an individual bonus. Why? 🤔 That’s simple! With warrants, there are no social security contributions due. Not for the employer, not for the employee. The employer can save on the costs while the employee can receive a higher net amount. A win-win, that for sure! Want to know more? 👉 [email protected] 🤙 +32 2 883 35 53 https://lnkd.in/eTUZEMp7

As the year wraps up with festive celebrations, many businesses find themselves in a payroll pickle. The challenge of managing payroll amidst holiday cheer can feel like trying to wrap a present with one hand tied behind your back. But fear not! Our tailored payroll solutions can help you navigate this busy season with ease, ensuring your team gets their well-deserved holiday bonuses without a hitch. Let’s turn that holiday stress into holiday success! #PayrollSolutions #YearEndRush #BusinessEfficiency #HolidaySeason #StressFreePayroll https://lnkd.in/ehE23QMK

📣 MINIMUM WAGES SET TO RISE FOR AGED CARE WORKERS IN THE AGED CARE, NURSES AND SCHADS AWARDS 📣 On the 15 March, the Fair Work Commission (‘the FWC’) issued a decision to increase the minimum wages for aged care workers covered by the Aged Care, Nurses and SCHADS Awards. The decision also included changes to some employee classification structures within the awards, as well as altering coverage for some employees from the Nurses Award to the Aged Care Award. The decision comes as a result of the continued review into minimum wages for workers in the aged care sector. In July 2023, an interim decision to increase wages for aged care workers by 15% was made, however, the FWC did signal at the time it would consider increasing wages further. Now, the FWC has confirmed the further decision on the full increases to be awarded to aged care workers, as well as decisions concerning award coverage for certain workers. Importantly, these changes will only impact aged care workers under these awards and will not apply to other workers – e.g. disability services and disability home care workers under the SCHADS Award will not be affected by these changes. The date for the changes to take effect is still yet to be determined. #HumanResources #HR #Akyra #PeopleManagement #EmployeeEngagement #AkyraSolutions

How to Improve French Public Service Quality? This proposal not only addresses the immediate improvements needed within the public sector but also opens the door to a comprehensive reevaluation of labor market standards across both private and public domains. Aligning public and private sector standards will help fostering a public workforce that prioritizes citizen satisfaction through user-centered service. 1. Education, Ethics, and Recruitment: Adjust recruitment creteria and training with an emphasis on ethics, language, and legal knowledge prioritizing strong ethical foundations and user-centered approaches, aligning with private sector quality. 2. Compensation and Work Conditions: Ensure competitive compensation and reduce weekly work hours from 35 to 24, encouraging work-life balance and more equitable job placement. Introduce transparent performance metrics incorporating citizen feedback to create accountability. 3. Universal Income and Financial Security: Implement a universal basic income (UBI) as a financial foundation for the entire nation. Align retirement plan and unemployment benefits across sectors to support fair, balanced security. Harmonizing public and private standards will cultivate an efficient, responsive public service environment dedicated to citizens. By aligning compensation, work conditions, and user-centered values, as well as advocating for a reduction of standard work hours to twenty-four per week, we can set a foundation for a cohesive, modern workforce that fosters equity, innovation, and resilience across the society. This vision urges a fundamental reconsideration of how we define work in service of the public, making it adaptable, inclusive, and capable of meeting the needs of a society in fast evolution especially within a generative AI.

Increases in Statutory Payment Rates:- 6 April 2024 - Statutory Sick Pay (SSP) £116.75 up from £109.40 from 6 April 2024 7 April 2024 – Increase £184.03 from £172.48 [or 90% of the employee’s average weekly earnings if that is less than the statutory rate] for Statutory Maternity Pay (SMP); Statutory Adoption Pay (SAP); Statutory Paternity Pay (SPP); Statutory Shared Parental Pay (ShPP); Statutory Parental Bereavement Pay (SPBP) The lower earnings limit, below which employees don’t qualify for SMP, SAP, SPP, ShPP, SPBP and SSP, will remain at the same level of £123 per week from 6 April 2024. The rate change to SSP always takes effect from the start of a new tax year, i.e. 6 April, whereas changes to the other statutory payments tend to take effect from the first Sunday in April, which this year is Sunday, 7 April 2024 6 April 2024 – The Employment Rights (Increase of Limits) Order 2024- increase in the maximum amount of a “week’s pay” from £643 to £700. A week’s pay is used to calculate statutory redundancy pay, as well as payments to employees in the event of insolvency and various tribunal awards, including the unfair dismissal basic and additional awards. Need more information, contact Paytin. #statutorypayments #Paytin  

Important Update: Statutory Neonatal Care Leave and Pay 🚨 Starting in April 2025, parents of newborns who require neonatal care will be entitled up to 12 weeks paid leave. As further details unfold, employers should prepare for the new statutory requirements and ensure they are up-to-date with the necessary procedures to support employees. Read our latest article to find out more 🔗https://zurl.co/XnRy #payroll #accountants #WRPartners

Can a resigning employee claim a pro rata bonus? 💸 The Brussels Labour Court’s decision of 17 May 2024 highlights key risks for employers. Performance based bonuses are typically earned over time - unless clear and explicit terms state otherwise. In this case, the employer’s failure to prove the bonus conditions were communicated made all the difference. 👉 Read more in Aurore Guérit’s blog. #younity #commyounity #bonus #employment

What Are Statutory Payments and How Do They Work? Statutory payments like maternity pay and sick pay can be tricky to manage, but we handle it all for you. Whether it's SSP, SMP, or anything in between, we ensure everything’s calculated correctly and on time. Let us take care of statutory payments while you focus on growing your business!

ICYMI: Friday afternoon brought more good news for direct care workers as they'll receive an average 23% pay rise. Sadly, indirect care workers have not enjoyed the same boost with a single digit rise only. Read more: https://lnkd.in/gyEmVjPq #agedcare #payrise #agedcarenews #pay #wages #income #agedcareaustralia

😀 🚦 ⏰ 🚕 All you need to know about the *Motor Industry Sick, Accident and Maternity Pay Fund* (SAF). RMI, the Retail Motor Industry Organisation, negotiated Sick, Accident and Maternity Pay Fund Agreement with MISA, Staff Association, to ensure that MISA members enjoy even more cover than what Basic Conditions of Employment Act allows for. Read here: https://lnkd.in/dV6nZByi