Over the next year alone, The Pensions Regulator has estimated there could be over 800,000 small employers just like you getting to grips with and trying to make time for auto-enrolment.
With auto-enrolment now in its fifth year, many more SMEs will be approaching a staging date in 2017. As such, Kevin Hilton, financial planner at Garbutt + Elliott Wealth Management, examines the importance of employee engagement during auto-enrolment.
The events of 2016 created a great deal of uncertainty, so it’s important to focus on the things SMEs can do now to manage impending legislation and, ultimately, make life easier in the coming year.
While Hunterlodge founder Rob Hunter is in favour of making sure staff have enough for retirement, small business auto-enrolment has been testing for him.
As we approach 2017 and enter the busiest period for auto-enrolment, it seems that smaller employers are, for the most part, smoothly adapting to providing workplace pensions – but there are some common challenges all firms will go up against.
So you’ve heard about auto enrolment, you know it’s coming and, if you’re like many of the UK’s other small employers, you probably feel good about offering a scheme to your workers. But the one thing you could be struggling with is choice.
When it comes to auto-enrolment, Martha Lane Fox’s karaoke firm Lucky Voice has found the right pitch in order to get workplace pensions on the right track.
For Tara Petters, the office manager of STG Fabrications, getting the right payroll software in place has been key for easing the implementing of auto-enrolment.
Ahead of the game with his compliance obligations, small business owner Jeremy Stern is now dealing with the challenges of ensuring the best deal for his staff.
When it comes to auto-enrolment, niche recruitment agency BeecherMadden has already staged – and managed the process on its own terms.
Growing British businesses have a lot to think about, whether that’s cash flow, investment, recruitment, marketing or expanding. But there’s also a pressing legal matter that needs to be prioritised, which comes in the form of auto-enrolment and the workplace pension.
As one of the most important policy changes in recent years, auto-enrolment and the workplace pensions scheme should now be a focus for every employer in the country. Make sure you don’t leave it too late by having a look at our new digital guide, which heard the stories of four SMEs.