HR and Payroll News from July 2024

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There are many things happening on daily basis around the world in all fields of business. We have put together a summary of the HR and Payroll News from July 2024.

HR and Payroll News from July 2024

New Payroll Legislation and HR Updates in the UK

The UK government has rolled out several significant updates to payroll and HR regulations for the 2024-2025 fiscal year. Among the key changes are adjustments to the National Minimum Wage, which will see an increase to better align with the cost of living. Additionally, new rules for auto-enrolment pensions have been introduced, aiming to increase participation rates and ensure better retirement savings for employees. The Carers Leave Act has also been implemented, granting employees the right to take unpaid leave to care for dependents. These legislative changes are designed to enhance employee rights, improve workplace conditions, and streamline payroll processes for employers, ensuring compliance and fostering a more supportive work environment.

Furthermore, the UK government has introduced new regulations requiring employers to provide more detailed payslips. These payslips must now include additional information such as the number of hours worked for hourly-paid employees, ensuring greater transparency and helping employees better understand their earnings. This change aims to reduce disputes over pay and improve trust between employers and employees.

Additionally, there are new measures to support flexible working arrangements. Employees now have the right to request flexible working from day one of their employment, rather than after 26 weeks. This change is intended to promote work-life balance and accommodate the diverse needs of the workforce. Employers are required to consider these requests seriously and provide valid reasons if they are unable to accommodate them. These updates reflect the government’s commitment to creating a more inclusive and adaptable work environment.

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Dayforce Appoints New Group

VP of EMEA

In a strategic move to bolster its presence in the EMEA region, Dayforce, a leading provider of HR and payroll technology, has appointed Nicole Bello as the new Group Vice President. Bello brings a wealth of experience in the HR tech industry and is expected to drive Dayforce’s growth and innovation in the region. Her appointment is part of Dayforce’s broader strategy to enhance its service offerings and deliver tailored solutions to meet the diverse needs of businesses across Europe, the Middle East, and Africa. With Bello at the helm, Dayforce aims to strengthen its market position and continue providing cutting-edge HR and payroll solutions to its clients.

Additionally, Bello’s appointment is expected to foster stronger relationships with key stakeholders and partners in the EMEA region. Her extensive network and deep understanding of the local market dynamics will be instrumental in forging strategic alliances and expanding Dayforce’s footprint. This move aligns with Dayforce’s commitment to delivering localized solutions that cater to the unique regulatory and cultural requirements of businesses in the region.

Moreover, Dayforce plans to leverage Bello’s expertise to drive digital transformation initiatives across its client base. By integrating advanced technologies such as artificial intelligence and machine learning into its HR and payroll solutions, Dayforce aims to enhance operational efficiency and provide actionable insights to its clients. This focus on innovation and technology will help businesses in the EMEA region stay competitive and adapt to the rapidly evolving HR landscape.

Deel Acquires Hofy

Deel, a prominent payroll and HR platform, has announced the acquisition of Hofy, a global IT platform. This acquisition is a strategic move to expand Deel’s service offerings and enhance its capabilities in managing global workforces. By integrating Hofy’s IT services, Deel aims to provide a comprehensive suite of solutions that address the complex needs of remote and distributed teams. The acquisition will enable Deel to offer end-to-end support for IT equipment provisioning, management, and support, making it easier for companies to onboard and manage employees across different geographies. This move underscores Deel’s commitment to innovation and its vision of simplifying global workforce management.

Additionally, the acquisition of Hofy will allow Deel to launch a new service called Deel IT, which will offer a range of IT services including software provisioning, app access management, and integrations with mobile device management (MDM) and identity tools. This comprehensive IT management platform will provide customers with a full view of their IT setup, enabling them to handle complex shipping, procurement, and management of devices globally from a single platform.

Moreover, this acquisition is part of Deel’s broader strategic plan for 2024, which includes growing its workforce by more than 1,000 employees and expanding its global presence. With over 4,000 employees in more than 100 countries, Deel is well-positioned to leverage Hofy’s expertise and infrastructure to enhance its service offerings and support its ambitious growth objectives. This move highlights Deel’s commitment to providing innovative solutions that meet the evolving needs of global businesses.

keyHRinfo.com Contact: viola.pokhe@keyhrinfo.com