Ceridian flies past 12.5m pension auto enrolment assessments in the cloud
Ceridian, one of the UK’s leading HCM technology and service providers, has now made over 12.5 million pension auto enrolment assessments covering in excess of 785,000 employees within some of the UK’s largest employers as well as an increasing number of SMEs.
David Woodward, chief product and innovation officer, at Ceridian UK said: “We are playing a leading role in supporting organisations in meeting pension auto enrolment compliance and have already made more than 12.5 million assessments on behalf of our customers with both our standard cloud-based auto enrolment solution and our streamlined one for SMEs.
“With the next staging date due on July 1, and only an estimated two per cent of all employers having yet auto enrolled, it is no wonder that 85 per cent of businesses are reported to be anxious about becoming auto enrolment compliant.
“Auto enrolment represents one of the biggest challenges facing organisations and yet many are either failing to prepare or leaving staging too late. This not only presents them with a mountain to climb but ignores the logistics conundrum in terms of supplier capacity. If SMEs, due to stage in the next 12 months, have not made auto enrolment their top priority then they need to do so now before it is too late. Without doubt, the pension regulator will start applying tough penalties to those who fail to comply.”
Ceridian’s standard cloud-based auto enrolment module ensures that organisations are fully compliant. It supports and automates many aspects of the administrative burden of the pension reform including generating mandatory communication to employees, handling sophisticated salary sacrifice arrangements the moment pay is calculated, managing the postponement periods and handling refunds in the payroll if an employee chooses to opt-out. The burden of manual administration is reduced significantly. The module also manages the electronic exchange of data between payroll and pension solutions and pension providers.
A streamlined version of the auto enrolment module is also available for SMEs which offers an easy, simple and cost-effective solution to meet their staging dates and provides them with the assurance of being compliant with the complex pension legislation.
For further press information on Ceridian, contact either Chief Commercial Officer, Nick Laird on 0118 922 3606 or Jeremy Snook at JSPR on 01235 227572. Mobile: 07957 867139. E-mail: firstname.lastname@example.org
Notes to Editors:
Ceridian is one of the world’s leading HCM technology and service providers. In the UK, it works with over 5,000 businesses, large and small, delivering quality, accurate payroll and value-added HR services.
Ceridian provides national and international payroll and HR transactional services including HR outsourcing, employee benefits, workforce management, expense management, absence management and employee assistance programmes.
Innovative cloud technology solutions are offered to all clients. These leading-edge cloud solutions can be purchased as a complete totally-integrated package, or in scalable modules, designed to flex with organisational needs.
Through decades of global experience, people capability and first class delivery of world class HR transactional solutions, Ceridian increases quality, reduces risk, boosts revenue, lowers cost and frees time for its customers to focus on their priorities.
From multi-nationals to small start-ups, Ceridian’s KnowHow enables their HR development journey.
Ceridian is winner of a Whitbread 2014 Partnership Award, the Product of the Year Award for HRevolution at the 2014 Pay & Benefits Awards and Payroll Provider Award at the 2013 Payroll World Awards. In the latter awards in 2012, it also won the Payroll Provider Award plus the Payroll Software Product Award and the Technology Development Award.
For more information, visit www.ceridian.co.uk