This is an additional payment paid to employees, usually (but not always) at the end of the year. It’s not a Christmas bonus — which is typically tied to the success of the employee or the business as a whole. But it’s also (kind of) outside of the employee’s normal salary.
Blog: Business
The UK government’s working from home tax relief provided a small boost to people’s finances during the pandemic. Recently, a new update has been announced for the year 2022-2023 on home tax relief claims as the pandemic eased. Find out if you’re eligible for the work from home tax relief.
As one of the principal functions of human resource management, talent recruitment involves the systematic process of attracting, identifying, screening, selecting, interviewing and finally hiring the most potential candidates. New solutions to finding the right talents for in-demand jobs have emerged over the last few decades as the workforce evolves.
In this post, we’ll explore eight of the biggest benefits of freelancing, as well as eight of the most significant challenges you’ll have to overcome if you decide this is the path for you.
The right legal business structure in the UK is important because it gives the business its own legal identity. It also impacts the amount of tax payment and personal liability of the business.
Globalisation is the process of interaction, integration and connection between people, organisations and governments across the world. In business, the term generally refers to the flow of goods, services, capital, people, technology and ideas across international borders. Read here for the 7 benefits and 5 challenges to globalisation:
These days, an employee doesn’t have to be physically in your office to work for your company — or even in the same country.
Opening your eyes to working with employees who aren’t located in your country can bring great results to your company — but there are a few administrative hoops you’ll need to jump through. The first one is figuring out how to pay international employees — which you need to do in a way that’s legal, compliant and secure, and doesn’t leave anyone out of pocket because of fluctuating exchange rates.
There are many global factors that have led to severe labour shortages in many sectors, with Covid, Brexit, changes to economic activity, and ageing populations also having an impact. In this post, we discuss seven industries that are facing labour shortages this year. We’ll also provide our tips for combatting these challenges in 2022 and beyond.
If you’re considering leveraging contingent labour for your organisation, it’s important to be aware of the advantages and disadvantages this comes with. The world of work is changing. And companies that want to remain competitive need to find new, innovative ways to maximise efficiency, cut costs, and meet their staffing and business needs amid a global talent shortage.
In 2020, there were more than 59 million freelancers in the US alone. More than half of the US workforce will be freelance by 2028, according to Statista research.
However, while we often think of freelancing as the preserve of professionals in Europe and North America, the freelance revolution is a global phenomenon. The global freelance platforms market, already valued at USD 3393.5 million as of 2019, is expected to grow at a CAGR of 15.3% between 2021 and 2026.