Nium’s Post

I had a great discussion with Albert Owusu-Asare and Peter Tapling, APRP about the impact of real-time payments on the global payroll industry, and I shared what Nium is doing to serve this critical vertical. Even though our direct user is the SaaS platforms, we have to think 2 levels deeper and consider the needs of the employer and the employee and strive to delight them. This is what makes product management so interesting at Nium!

ON DEMAND - The Death of the Payday: A discussion on global payroll and instant payments with Nium's Sunil Joshi, Cadana's Albert Owusu-Asare, and Peter Tapling, APRP. Watch today to explore: - The current landscape of instant payments in the U.S. and globally - Critical considerations when evaluating instant payment options - How faster payroll impacts the financial wellness of your employees https://lnkd.in/g7baF4Jh

Traditional payroll is fueling employee dissatisfaction, especially for those living paycheck to paycheck. The latest Money Mobility Tracker® with Ingo Payments shows how offering instant payroll and earned wage access can enhance financial well-being and improve retention. Full report: https://hubs.ly/Q02QX61m0

Accountants and HR people, have discussions started regarding the upcoming rise in payroll costs with the NSSF increase scheduled to start in February and the SHIF adjustments? Are you shielding your employees from these costs or everyone to carry their own cross ? Given the current high cost of living and inflation, do you believe it's equitable for employees to bear this burden? Finance professionals, how are your budgets and cash flows holding up in light of these economic challenges? How is the year Q1 looking so far where you work?

❌ 💰 Approximately 30% of people in Britain have no savings. 💰 ❌ Amazing research from Molly Broome at Resolution Foundation raises the point that ‘behavioural’ interventions are very effective at boosting savings. 📑 https://lnkd.in/eA56cHCM 🔄 Payroll saving is a tool proven to help encourage people to save. ✨ The nature of payroll savings makes it easy for people to save by making it habitual and effortless. ✨ #payrollsavings #financialresilience

On 1st April 2024, significant changes to statutory rates and allowances came into effect. We understand that employment changes can be complex and overwhelming at times, but it’s important to understand how these changes impact your business. To explain these updates in more detail, we’ve asked Kim Dulson, Head of Stoke Payroll, to outline everything you need to know. 👇 https://lnkd.in/ebJZhShK

As we step into the new financial year of 2024/2025, it is vital that businesses are aware of the key updates and changes to ensure smooth sailing through the payroll landscape. We’ve highlighted some of the crucial change’s businesses should be aware of when processing April payrolls. See our blog for further information: https://lnkd.in/eYQuQ-QU

Social Security is funded by a payroll tax that is paid by both workers and employers 1 2 3 • Workers pay 6.2 percent of their earnings up to a certain limit, which is $160,200 in 2023 . Employers pay a matching amount for a total contribution of 12.4 percent of earnings 2 3 • Self-employed workers pay the full 12.4 percent

Ever encountered 'Net Pay' in payroll? 🤔 It's the amount an employee receives after deductions like tax and National Insurance. Accurate computation is key to happy employees. Need guidance? Visit our website and book an appointment. #PayrollMatters 👉🏻 mjb.co.uk

When it comes to payday, don’t get lost in the sauce. Use your noodle and take advantage of solutions from Superior Business Systems. Remember, a penne saved is a penne earned 😉 Find payroll solutions today: 🍝 https://lnkd.in/emuEpV8 #Payday #PayrollSolutions #LostInTheSauce