Posts Tagged ‘hr advice’

Budget 2022 – What you need to know as an Employer

Tuesday, October 19th, 2021

Covid supports

The Employment Wage Subsidy Scheme will remain in place, in a graduated format, until 30 April, 2022 – the scheme will close to new employers from 1 January, 2022.

While there will be no change to the current four rates of EWSS payments over the course of October and November, a two-rate structure of €151.50 and €203.00 will apply from December until the end of February, bringing it back into line with what was set up in September last year to replace the so-called Temporary Wage Subsidy Scheme (TWSS).

For companies availing of the scheme that means a €151.50 subsidy for employees earning gross weekly amounts of between €151.50 and €202.99, while a €203.00 amount will apply to those earning between €203.00 and €1,462. Weekly salaries below €150.50 and above €1,462 are not subsidised.

Childcare and Family

Maternity benefit and parental leave payments to be increased by €5 per week.

Parent’s Benefit will increase to €250 from January and in line with the EU Directive, it will be paid for 7 weeks from July 2022, an increase of 2 weeks. Each parent can avail of the seven weeks of benefit during the first two years after their baby is born or adopted.

Workers

The minimum wage will increase by 30 cent to €10.50 per hour from 1st January 2022. This increase will also mean that those working under certain conditions, under the age of 18, 19 and 20, will receive a corresponding increase in their pay, as they are entitled to a percentage of the full minimum wage rate. The increase in the nominal minimum wage in Ireland to €10.50 will move Ireland from having the third highest nominal minimum wage rate of the 21 EU member states that have national minimum wages to having the second highest. In 2021, Ireland’s rate was 6th in the rankings, when adjusted for purchasing power standards.

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Income tax deduction amounting to 30% of vouched expenses for heat, electricity and broadband incurred while working from home. This will apply for those days that they are working from home only, and can be claimed if their employer is not paying the tax-free €3.20 a day discretionary payment. Bills for heating and lighting homes are expected to rise by between €500 and €800 this year as a raft of price rises have been announced. Home workers have to wait until the end of the financial year to submit a claim to Revenue, and they have to upload the relevant bills.

Are employers in Ireland legally obliged to provide a pension scheme for employees?

Tuesday, September 21st, 2021

Managing HR is challenging at the best of times! We are here to answer your queries and provide up to date HR advice on what is impacting businesses today.

Welcome to our weekly Q&A – if you have a question email us at info@voltedge.ie.

Are employers in Ireland legally obliged to provide a pension scheme for employees?

Currently in Ireland there is no requirement, however employers are obliged to provide employees access to a PRSA – Personal Retirement Savings Account. Employers must facilitate this through payroll enabling employees to pay into their own personal pension.

The introduction of automatic enrolment is on the cards however it has been delayed until at least 2023. When this is eventually introduced, it will mean that both employers and employees will be required by law to make contributions to a workplace pension scheme.

Details of the scheme are still being ironed out by Government and it is hoped it won’t be delayed further.

This week is Pensions Awareness Week. You can join them for free financial information to help you invest in and secure your financial future.

 

Need more help? Voltedge Management team can help you to get advice on all aspects of human resources and management. Email Ingrid at info@voltedge.ie or ring our offices at 01 525 2914.

Tips for a Healthy Happy Festive Season With a Difference

Tuesday, December 15th, 2020

Looking back at the tips from previous years, it makes it even more apparent how different this Christmas is.  No office parties, big lunch or dinner engagements; no big family get togethers; no big social outings.  The word BIG is one of the big differences this year and very often it is the big events around Christmas that can cause us the most stress.  Worrying about how to manage the excesses and overindulgences, the sometimes-fraught nature of too many people in one place, the social anxiety that can ruin a work event, family tension, are all the things we have highlighted in the past as areas to mind yourself over Christmas.

This year most of these potential stresses are not going to be there!! Everything had got very BIG around Christmas with the financial pressures adding a further burden to stretched households.  This year will be very different.  There is no doubt we will miss a lot of the BIG occasions however this time may give us an opportunity to understand what really is important in our lives and help us to realign our focus for the future.

That in itself is a challenge, we have been catapulted into an existence we did not prepare for and minding ourselves, our family, friends and colleagues over the Christmas season will be more important than ever this year.

Loneliness and Isolation

Unfortunately, many people will be feeling isolated this Christmas. It is particularly important, as employers, to have insight into your employees’ circumstances around this time.  Are they unable to travel home, are they in any way compromised and unable to be with family or friends? Be mindful of anyone in these circumstances, reach out and let them know they are not alone and have points of contact throughout the holiday period. A colleague calling for a chat, walk or even a phone call could make a huge impact on that person’s self-esteem.

Over-Indulgence

We may not be out socialising as much as previous festive seasons, however temptation is not far away with shop shelves laden down with tasty treats “hey it’s Christmas”! And yes, we do all deserve to overdo it a little but the key message here is MODERATION.  If we are spending more time at home, there is the temptation to graze continually. Think about what and how much you are eating, enjoy it and savour it and then hit the Stop button.

The same message applies to alcohol. We all enjoy a few tipples particularly around Christmas time, but as we won’t be out socialising as much as before there is the temptation as with food to graze at home.   Be mindful of how much you are drinking, particularly if you are alone and feeling in any way low.  Feelings are magnified with alcohol and can become overwhelming. Reach out to friends and family for support and mind yourself.

Exercise

Getting out in the fresh air will lift anyone’s mood, help shift those extra pounds and is an opportunity to safely meet up with family and friends.  Make sure to get out every day even for a short walk, the impact this has on our wellbeing is huge.  Arrange to walk and talk, bring along a coffee and explore new places together. Kids love nothing more than going for a ramble, wrap up but on the boots and get mucky!!

Stress

This has been a year like no other and no one has been shielded from the stress it has brought upon us.  No matter what our personal circumstances, it is important to take a step back and rest, both our minds and bodies.  Keeping Christmas simple this year will help in easing some of the stress and tension.  Be mindful of your mental health and that of those around you, and don’t be afraid to ask for support and help.  There are some fantastic supports available on www.mentalhealthireland.ie including a Family Wellbeing Toolkit, Mindful Moments, a Recharge Worksheet and many more.

Voltedge has also developed a series of wellbeing webinars which can be offered to employees to help them Realign & Recharge and manage working in a COVID-19 environment. Contact us 01 5252914 for more details on our webinars and to discuss your specific requirements.

Finally have some fun

Introduce some new Christmas traditions, dust off the old boardgames, plan adventures, plan for the COVID-19 free future and finally nurture all those around you.

 

 

 

 

 

 

 

 

Ingrid O’Sullivan, Operations Manager