Holiday pay, and holidays in general still cause managers difficulty. It's complex. Managers need to determine what holiday an employee is entitled to accrue. And there's no statutory need to allow further accrual with overtime. Managers must calculate, holiday by holiday, how much employees are to be paid when off. The rate must include commission, overtime and even travel time. TimelessTime has a calculator.
Over the last year, you will have read many articles about GDPR. Many authors use scare tactics sell audit and other services to readers! Generally the reason why companies are panicking is because now, for the first time maybe, there’s legislation with teeth. Existing health & safety, privacy and employment law can substantially be ignored because unless a firm really transgresses, there’s little repercussion. Even quality management is optional! GDPR can’t be ignored.
Your staff are going to have a whole series of questions which you will need to address as you go through the redundancy process. We've pulled together some of the more important questions that you are going to be asked, and presented them for you here. They range from questions about contractors to simple things like whether companions can attend meetings.
Organisational development (OD) is different from human resource management (HRM). Organisational development involves exploring options that will permit strategies to be achieved. OD techniques such as modelling permit outcomes to be predicted and the right plan to be selected. People are of course the lifeblood of any firm. They join, they leave, and in between they have to be managed. Everyone who manages or supervises people has to double as an HR generalist. Here's the scope of HR and OD.
Competitive advantage is where a firm enjoys lower costs or greater sales than competitors. This paper builds an argument for a set of HR practices that form the basis of the psychological contract, the set of expectations that both employee and employer hold.
Any redundancy payment that an employer makes to an employee is part of pay and hence is an expense accounted for on the employer's profit and loss account, taken in the month in which the redundancy occurs.