Description
Solution
The statutory rights to employees in areas of pay has been improved to include 1 day in line with the 2020 Act after commencing their employment. The considerations include payment above the national minimum wage and an itemised payslip from the first day. The different legislations such as Equal Pay Act 1970, Equality Act 1970 have all been repealed with Equality Act 2010 consolidating all the legislations. The payslip should involve Basic salary, Dearness Allowance, Housing rent allowances, Professional taxes, special allowances, leave travel allowances, medical allowances, conveyance allowances, tax deducted at source and EPFs (Employee’s provident funds). Legislation.Go.UK (2021a) which identify the National Minimum Wage 1998 which note the minimum pay per hour majority of workers of under 23 years are entitled to by law. Also, the National Living Wage 2022 (GOV.UK, 2021b) which identify the minimum wage rates as increasing on 1stApril where the pay per hour of employees of age 23 years is set by law.For instance, in April 2022, the minimum wage was set to include £4.81 which is a 4.1% increase for 16-17 year olds, £6.83 representing 4.1% increase for 18-20 years old and £9.18 representing 9.8% increase for employees aged 21-22 years.
Right of itemized pay slip starting from their first day– In the UK, employees should be given a payslip to employees from the first day of their employment. This is considerable for all employment contracts except casual ones. According to Section 8 of the Employment Rights Act 1996, at the start of employment, employers have to give payment of wages or salary as the itemized pay statement (payslip) (Legislation.gov.uk, 1996).
In UK, the payslip legislation is as addressed by the Payment of Wages Act 1991. This law was further amended in February 2018 to be incorporated in the Employment Rights Act 1996 (itemised pay statement (amendment). In this amendment, it was stated that employers are required to offer insights on the amount of wages or salary varying by referencing on time worked, the total number of hours worked in respect of variable amount of wages or salary as a single aggregate figure or a separate figures for different types of work or different rates of pay. As evidenced in ACAS (2022), the employees leverage on the right to a payslip and entail what need to be included in the payslip. More critically, the payslip is a written statement from the employer evidencing what is earned before taxation and other deductions.
Statutory maternity pay (SMP), Statutory Adoption Pay (SAP), Statutory Paternity Pay (SSP), Statutory shared parental pay (ShPP), Statutory Parental Bereavement Pay (SSBP) and the Statutory Sick Pay (SSP)- As evidenced in Gov.UK (2013), these are reviewed every April of a year. As evidenced in April 2022 release, these would be increased from £151.97 to £156.66 or 90% of the employees every week earnings when the amount is less than a statutory rate. Further, for the MA, this would increase from £151.97 to £156.66.
Please click the following icon to access this assessment in full
Related Papers
(Solution) CIPS ADNOC APGCM Module: Contract & Category Management in P&S
- Implement one AI-driven analytics platform by Q4 2024, integrating with existing systems and training staff to enhance forecasting accuracy and negotiate a 10% reduction in supplier costs, led by the IT, procurement, and finance departments. Despite potential initial costs and staff adaptation challenges, this initiative aims to achieve a 15% increase in forecasting accuracy.
- Fully deploy advanced supply chain management software by Q2 2025, partnering with a leading provider and training teams to reduce disruptions by 20%, thus increasing overall supply chain efficiency by 5%. This effort involves collaboration between supply chain management, IT, and vendor management teams, despite initial disruptions and high upfront costs.
- Establish a cross-functional compliance team by Q3 2024 to develop three new policies annually, ensuring 100% compliance with regulations and enhancing reputation metrics by 15%. Led by legal, compliance, and HR departments, this initiative aims to overcome resistance to policy changes and resource-intensive monitoring efforts.
- Implement three financial instruments (futures, options, currency swaps) by Q3 2024, collaborating with financial experts to reduce financial risks by 20% and achieve a 10% increase in financial stability. This effort, led by finance, risk management, and external advisors, addresses potential challenges in market volatility and regulatory constraints.
- Engage multiple suppliers and form five strategic partnerships by Q4 2024, increasing supplier diversity by 30% and improving supply chain reliability metrics by 10%. Led by procurement, vendor management, and supply chain analysts, this initiative aims to mitigate dependency risks and manage supplier relationships effectively. Potential challenges include maintaining consistency in product/service quality across diverse suppliers and increased administrative burden in managing multiple partnerships.
- Conduct market and competitor analyses twice a year starting Q3 2024, aiming to increase procurement cost savings by 15% through better negotiation strategies and timely market insights. This effort, involving procurement, and strategy departments, addresses challenges in data availability and competitive analysis capabilities. Potential challenges include delays in obtaining and analysing market data and difficulty in predicting competitive moves accurately.
(Solution) Assessment ID / CIPD_5CO02_23_01 5CO02 Evidence-based practice
(Solution) CIPD Level 7 Assessment 7C001- Work and Working Lives in a Changing Business Environment
(Solution) CIPD 7C004- Business Research in People Practice
(Solution) CIPS Advanced Level Contract & Category Management in P&S – APGM
- This business report has been used for evaluating the category and contract management in Eco2Solar Company.
- In particular, Eco2Solar operates to improve their project management (PM) and Cost Management (CM) as part of their category management has been evaluated.
- The areas of focus has included an evaluation of requirements for initiating and preparing category management, strategic and conventional sourcing process and role in contract management, tools and techniques for mapping categories of direct and indirect expenditure.
- From the findings obtained, innovative measures for improving the supply chain in light of categories and category management has been recommended.
- Further, in this business report, the contract administration and contract management in case of category management has similarly been evaluated in context of category management this is with assessment of risks and implementation of risk management techniques in contracts being reviewed in context of category management.
- In order to appreciate the best practice in category and contract management in the selected Eco2Solar construction spend area, use of quantitative and desk research has been pursued to obtain relevant data.
- Additionally, different tools have been applied such as Mendelow Stakeholders analysis, CIPS Category Management Cycle, CIPS Contract Management Cycle, Suppliers positioning, PESTLE analysis and SWOT analysis.
- Considering this business report findings, Eco2Solar need to improve their approach for risk management and efficiency and effectiveness of category and contract management.
- From these finding, the stakeholders collaboration in Eco2Solar need to be improved which can be done by embrace of blockchain technologies.
- Also, by identifying their PS&M teams training and capacity development, they would be able to improve on their category management. In the contemporary procurement environment, the training and capacity development has been noted as the best practice to manage gaps in their operations. Also, the findings indicate the need for Eco2Solar to improve their category management of their construction spend by coming up with appropriate SLA’s agreement and KPIs while ensuring they capitalise on innovativeness.
- For the project management and cost management, this being a long-term investment would require an improved auditing. This can entail embrace of analytics to analyse and present contract management data and appropriate management strategy.
- The importance of improved collaboration is ensuring stakeholders active involvement and awareness on core decisions made as this could harness their practice, contribution and suggestions noted.
- By successfully pursuing stakeholder analysis, it is important to maintain stakeholders relations which promote Eco2Solar organisation image and increase their market share.
