It’s been a devastating year for the UK workforce. According to a recent BBC report*, almost 800,000 redundancies were planned in 2020. And although the furlough scheme has protected more than 11 million jobs since the beginning of the pandemic, it is still too early to tell how many redundancies will occur when the scheme ends in September.
Equally, the pandemic has caused employees to revaluate their priorities, and many are wanting to leave their current employment and work for employers offering more work flexibility or better financial support.
Either way, it is highly possible that the end of September will see a surge in terminations, resignations, and redundancies.
Assistance for those not involved in HR or Payroll
For those not directly involved with HR or payroll processes, navigating the leaver process can be time-consuming. And in smaller companies, it's often the CEO, MD or founder themselves who are tasked with employee hires and terminations. Along with the responsibilities of running a company, the leaver process can result in a considerable workload, and often an external consultant could be called in for assistance.
It is possible to refer to the HMRC for guidance on the entire leaver process, but having a resource to hand can really help save precious time. We've created a free downloadable checklist that provides guidance on the various types of employment terminations, the steps required in processing leavers, and links to all the relevant HMRC resources.
PayDashboard's scalable, cloud payslip solution gives you the flexibility to grow your business with little extra cost or additional resource. Custom branding and extra platform features enable you to provide more value, both for you and your clients or employees. Our dedicated Client Success team remain with you from the onboarding process and beyond - to ensure you continue to get the most out of the PayDashboard product. The platform's many great new features makes the leaver process so quick and easy. Why not get in touch with us today or book a demo at a suitable time and experience the product for yourself.
We look forward to assisting you in providing an enhanced payday experience!