SlideShare une entreprise Scribd logo
1  sur  7
Télécharger pour lire hors ligne
A Simple Auto
Enrolment Strategy
That Actually Works
For Profit
1 | P a g e
A Simple Auto Enrolment Strategy That Actually
Works For Profit
There is a huge amount of uncertainty
surrounding the changes to workplace
pension’s law for employers. Small
businesses will be concerned about what is
involved for them and their employees.
According to research carried out by the
Pensions Regulator, just 59% of small and
micro businesses due to stage in 2016 are even aware of their staging date.
The regulator handles thousands of queries about auto enrolment every month
with the top three queries encompassing employer duties, declaration of
compliance and staging dates. Further research indicates 78% of small businesses
will look to their bookkeeper, accountant, payroll bureau or advisor for advice
and counsel.
Employers unprepared for Auto Enrolment
A massive 1.2 million small and micro businesses are due to reach their staging
date within the next two years. Payroll advisors are more than aware that the
majority of these employers will not have the knowledge or experience to make
informed decisions when it comes to their
auto enrolment obligations. With a vast
quantity of information available, employers
are fast becoming confused, bewildered
and overwhelmed as to what their
responsibilities for auto enrolment actually
are.
For the majority of these employers, this will be their first experience to review
any kind of pension scheme for their employees. The fact also remains that many
employers lack the capacity and ability to handle these additional payroll tasks.
2 | P a g e
For many employers, implementing any new system can be a daunting, nerve-
racking and downright scary experience to grasp.
Opportunity for Payroll advisors
Payroll bureaus need to decide if they are
ready or prepared to take on auto
enrolment business. With many shying
away from offering this as an extra service,
bureaus will need to determine what kind of
information and support they will offer to
help their clients comply with these new
auto enrolment duties. Advisors will find that a large portion of these employers
will contact them very close to or even after their staging date.
In addition, clients will have an expectation that their payroll providers will present
this auto enrolment advice in a way that is easy to understand, relevant and
actionable. Bureaus have a short window of opportunity to position themselves
as experts in this ever increasing cluttered space. The experience and expertise
of payroll bureaus can help employers understand what they need to do to be
fully auto enrolment compliant.
A Simple Strategy that Works
Payroll bureaus that want to succeed in this
competitive industry will need to predict the
evolutionary needs of their clients. It is
imperative to establish themselves as a
proactive rather than a reactive auto
enrolment advisor.
Bureaus will naturally increase their profits by providing this commodity where
they can orchestrate the necessary level of service in exchange for an initial set
up fee, plus a monthly retainer to manage the ongoing auto enrolment duties.
3 | P a g e
Additionally, if these bureaus offer other services such as bookkeeping, tax
returns, audits, management accounts, etc. they will have a new platform to reach
and upsell to this new audience. You will find employers will be happier to
consolidate all of their outsourcing services to one person or advisor.
With a combined payroll and auto
enrolment solution in place, bureaus will
benefit from greater efficiency, increased
value and improved cost savings. BrightPay
is an easy-to-use auto enrolment solution
that has everything you need to provide a
profitable auto enrolment service to your
clients. Through BrightPay’s bureau package you can benefit from unlimited
employers, unlimited employees and unlimited support.
BrightPay Key Take Aways
Be Ready: Be prepared to ensure you are a credible authority on all
employer auto enrolment duties and obligations.
Auto Enrolment: Make sure you have the correct software and systems
in place to prepare your clients easily for auto enrolment. Be aware that
some payroll software packages will only partially handle auto enrolment.
Costs: Be aware of hidden costs when researching auto enrolment
solutions. You need to think about any limitations when it comes to the
number of employers or employees.
Customer Support: Support can be a function that payroll bureaus
forget to consider. Confirm that support costs are included or
inexpensive with your chosen solution.
Open for business: Be proactive and inform your clients that you are
open for auto enrolment business.
1.
2.
3.
4.
5.
4 | P a g e
Improve the Profitability of Your Bureau Service Today
BrightPay are offering readers 50% off a 2015/16 Bureau Licence when you
switch from another payroll provider.
The bureau licence (normally £199 + VAT per tax year) includes unlimited
employers, unlimited employees, free support and auto enrolment functionality.
To redeem, call 0845 300 4304 or email sales@brightpay.co.uk and
quote “Accounting Web”.
* Offer applies to new customers who switch to BrightPay from another payroll software provider for the first
year subscription only. This offer applies to BrightPay 2015/16 bureau licences only and does not work in
conjunction with any other offer.
5 | P a g e
99.4%
Customer
Satisfaction
Rate
98.8% of
Customers
Recommend
BrightPay
98.5%
Satisfied for
Customer
Support
6 | P a g e
BrightPay Testimonials
“It's just better and simpler to
use than many of the other
software packages on the
market.”
“BrightPay is the first software
I have felt comfortable enough
to let my clients use with
minimal support.”
“It's simple to use, packed full
of functionality and well-
priced. It really can't get any
better than that.”
“I found the whole process
very easy. I wish I had found
BrightPay years ago!”
“Outstanding software. Does
everything I need for payroll in
next to no time. If only all
software was as good as this.”
“BrightPay is by far the best
product of its kind. Support is
exceptional and, in my opinion
and experience, unsurpassed.”
“The gem of the company is
their Customer Service Team.
It is truly refreshing to get such
personal touch.”
“It’s simple to use, easy to
understand and it has reduced
the administrative burden on
my businesses significantly.”
“BrightPay is a breath of fresh
air, very user friendly, with
excellent support staff who
actually seem to want to help.”
“The support is second to
none, the staff are friendly and
helpful and nothing is too
much trouble.”

Contenu connexe

Plus de BrightPay Payroll and Auto Enrolment Software

COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
BrightPay Payroll and Auto Enrolment Software
 

Plus de BrightPay Payroll and Auto Enrolment Software (20)

Updated EWSS Guidance Webinar - Changes from 1st February 2022
Updated EWSS Guidance Webinar - Changes from 1st February 2022Updated EWSS Guidance Webinar - Changes from 1st February 2022
Updated EWSS Guidance Webinar - Changes from 1st February 2022
 
Webinar: BrightPay Ireland Integration with AccountsIQ
Webinar: BrightPay Ireland Integration with AccountsIQWebinar: BrightPay Ireland Integration with AccountsIQ
Webinar: BrightPay Ireland Integration with AccountsIQ
 
Revenue Update: EWSS Changes for October
Revenue Update: EWSS Changes for OctoberRevenue Update: EWSS Changes for October
Revenue Update: EWSS Changes for October
 
Employment Wage Subsidy Scheme EWSS | Guest Speaker Revenue
Employment Wage Subsidy Scheme EWSS | Guest Speaker RevenueEmployment Wage Subsidy Scheme EWSS | Guest Speaker Revenue
Employment Wage Subsidy Scheme EWSS | Guest Speaker Revenue
 
EWSS Changes & The Return to Work: What you need to know
EWSS Changes & The Return to Work: What you need to knowEWSS Changes & The Return to Work: What you need to know
EWSS Changes & The Return to Work: What you need to know
 
The End of Furlough: Key Changes & The Long Term Impacts
The End of Furlough: Key Changes & The Long Term ImpactsThe End of Furlough: Key Changes & The Long Term Impacts
The End of Furlough: Key Changes & The Long Term Impacts
 
BrightPay and Modulr: Webinar for Accountants
BrightPay and Modulr: Webinar for AccountantsBrightPay and Modulr: Webinar for Accountants
BrightPay and Modulr: Webinar for Accountants
 
BrightPay & QuickFile: Connecting Payroll and Accounting Software
BrightPay & QuickFile: Connecting Payroll and Accounting SoftwareBrightPay & QuickFile: Connecting Payroll and Accounting Software
BrightPay & QuickFile: Connecting Payroll and Accounting Software
 
Furlough Wind-Down: Key changes to the CJRS from July
Furlough Wind-Down: Key changes to the CJRS from JulyFurlough Wind-Down: Key changes to the CJRS from July
Furlough Wind-Down: Key changes to the CJRS from July
 
Leaving Lockdown: Furlough Wind Down, Redundancies and a Vaccine Policy
Leaving Lockdown: Furlough Wind Down, Redundancies and a Vaccine PolicyLeaving Lockdown: Furlough Wind Down, Redundancies and a Vaccine Policy
Leaving Lockdown: Furlough Wind Down, Redundancies and a Vaccine Policy
 
Take the pain out of payroll: Integrate your payroll and payment workflows
Take the pain out of payroll: Integrate your payroll and payment workflowsTake the pain out of payroll: Integrate your payroll and payment workflows
Take the pain out of payroll: Integrate your payroll and payment workflows
 
Payroll in a Pandemic: Furlough Extension & Rule Changes
Payroll in a Pandemic: Furlough Extension & Rule ChangesPayroll in a Pandemic: Furlough Extension & Rule Changes
Payroll in a Pandemic: Furlough Extension & Rule Changes
 
Payroll in the Connected Era: How integration has transformed the world of pa...
Payroll in the Connected Era: How integration has transformed the world of pa...Payroll in the Connected Era: How integration has transformed the world of pa...
Payroll in the Connected Era: How integration has transformed the world of pa...
 
Optimising your Payroll Offering to Improve Profitability
Optimising your Payroll Offering to Improve ProfitabilityOptimising your Payroll Offering to Improve Profitability
Optimising your Payroll Offering to Improve Profitability
 
CJRS Rule Changes, Furlough Extensions & Other HMRC Quirks
CJRS Rule Changes, Furlough Extensions & Other HMRC QuirksCJRS Rule Changes, Furlough Extensions & Other HMRC Quirks
CJRS Rule Changes, Furlough Extensions & Other HMRC Quirks
 
IR35 - Are you Ready?
IR35 - Are you Ready?IR35 - Are you Ready?
IR35 - Are you Ready?
 
The Transition to Bringing Payroll In-House
The Transition to Bringing Payroll In-HouseThe Transition to Bringing Payroll In-House
The Transition to Bringing Payroll In-House
 
Switch to BrightPay
Switch to BrightPaySwitch to BrightPay
Switch to BrightPay
 
COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
COVID-19 & Payroll: What You Need To Know about Remote Working, SSP, Job Rete...
 
Six steps to payroll success: The magic of client cloud platforms
Six steps to payroll success: The magic of client cloud platformsSix steps to payroll success: The magic of client cloud platforms
Six steps to payroll success: The magic of client cloud platforms
 

Dernier

%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
masabamasaba
 
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
VictoriaMetrics
 
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
masabamasaba
 

Dernier (20)

%in Hazyview+277-882-255-28 abortion pills for sale in Hazyview
%in Hazyview+277-882-255-28 abortion pills for sale in Hazyview%in Hazyview+277-882-255-28 abortion pills for sale in Hazyview
%in Hazyview+277-882-255-28 abortion pills for sale in Hazyview
 
%in kempton park+277-882-255-28 abortion pills for sale in kempton park
%in kempton park+277-882-255-28 abortion pills for sale in kempton park %in kempton park+277-882-255-28 abortion pills for sale in kempton park
%in kempton park+277-882-255-28 abortion pills for sale in kempton park
 
%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
%+27788225528 love spells in new york Psychic Readings, Attraction spells,Bri...
 
WSO2Con2024 - Enabling Transactional System's Exponential Growth With Simplicity
WSO2Con2024 - Enabling Transactional System's Exponential Growth With SimplicityWSO2Con2024 - Enabling Transactional System's Exponential Growth With Simplicity
WSO2Con2024 - Enabling Transactional System's Exponential Growth With Simplicity
 
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
Large-scale Logging Made Easy: Meetup at Deutsche Bank 2024
 
Software Quality Assurance Interview Questions
Software Quality Assurance Interview QuestionsSoftware Quality Assurance Interview Questions
Software Quality Assurance Interview Questions
 
Define the academic and professional writing..pdf
Define the academic and professional writing..pdfDefine the academic and professional writing..pdf
Define the academic and professional writing..pdf
 
8257 interfacing 2 in microprocessor for btech students
8257 interfacing 2 in microprocessor for btech students8257 interfacing 2 in microprocessor for btech students
8257 interfacing 2 in microprocessor for btech students
 
WSO2Con2024 - WSO2's IAM Vision: Identity-Led Digital Transformation
WSO2Con2024 - WSO2's IAM Vision: Identity-Led Digital TransformationWSO2Con2024 - WSO2's IAM Vision: Identity-Led Digital Transformation
WSO2Con2024 - WSO2's IAM Vision: Identity-Led Digital Transformation
 
%in Harare+277-882-255-28 abortion pills for sale in Harare
%in Harare+277-882-255-28 abortion pills for sale in Harare%in Harare+277-882-255-28 abortion pills for sale in Harare
%in Harare+277-882-255-28 abortion pills for sale in Harare
 
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
call girls in Vaishali (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝✔️✔️
 
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
%+27788225528 love spells in Atlanta Psychic Readings, Attraction spells,Brin...
 
MarTech Trend 2024 Book : Marketing Technology Trends (2024 Edition) How Data...
MarTech Trend 2024 Book : Marketing Technology Trends (2024 Edition) How Data...MarTech Trend 2024 Book : Marketing Technology Trends (2024 Edition) How Data...
MarTech Trend 2024 Book : Marketing Technology Trends (2024 Edition) How Data...
 
Announcing Codolex 2.0 from GDK Software
Announcing Codolex 2.0 from GDK SoftwareAnnouncing Codolex 2.0 from GDK Software
Announcing Codolex 2.0 from GDK Software
 
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
Shapes for Sharing between Graph Data Spaces - and Epistemic Querying of RDF-...
 
Right Money Management App For Your Financial Goals
Right Money Management App For Your Financial GoalsRight Money Management App For Your Financial Goals
Right Money Management App For Your Financial Goals
 
Devoxx UK 2024 - Going serverless with Quarkus, GraalVM native images and AWS...
Devoxx UK 2024 - Going serverless with Quarkus, GraalVM native images and AWS...Devoxx UK 2024 - Going serverless with Quarkus, GraalVM native images and AWS...
Devoxx UK 2024 - Going serverless with Quarkus, GraalVM native images and AWS...
 
Harnessing ChatGPT - Elevating Productivity in Today's Agile Environment
Harnessing ChatGPT  - Elevating Productivity in Today's Agile EnvironmentHarnessing ChatGPT  - Elevating Productivity in Today's Agile Environment
Harnessing ChatGPT - Elevating Productivity in Today's Agile Environment
 
WSO2CON2024 - It's time to go Platformless
WSO2CON2024 - It's time to go PlatformlessWSO2CON2024 - It's time to go Platformless
WSO2CON2024 - It's time to go Platformless
 
%in kaalfontein+277-882-255-28 abortion pills for sale in kaalfontein
%in kaalfontein+277-882-255-28 abortion pills for sale in kaalfontein%in kaalfontein+277-882-255-28 abortion pills for sale in kaalfontein
%in kaalfontein+277-882-255-28 abortion pills for sale in kaalfontein
 

A Simple AE Strategy that actually works for profit

  • 1. A Simple Auto Enrolment Strategy That Actually Works For Profit
  • 2. 1 | P a g e A Simple Auto Enrolment Strategy That Actually Works For Profit There is a huge amount of uncertainty surrounding the changes to workplace pension’s law for employers. Small businesses will be concerned about what is involved for them and their employees. According to research carried out by the Pensions Regulator, just 59% of small and micro businesses due to stage in 2016 are even aware of their staging date. The regulator handles thousands of queries about auto enrolment every month with the top three queries encompassing employer duties, declaration of compliance and staging dates. Further research indicates 78% of small businesses will look to their bookkeeper, accountant, payroll bureau or advisor for advice and counsel. Employers unprepared for Auto Enrolment A massive 1.2 million small and micro businesses are due to reach their staging date within the next two years. Payroll advisors are more than aware that the majority of these employers will not have the knowledge or experience to make informed decisions when it comes to their auto enrolment obligations. With a vast quantity of information available, employers are fast becoming confused, bewildered and overwhelmed as to what their responsibilities for auto enrolment actually are. For the majority of these employers, this will be their first experience to review any kind of pension scheme for their employees. The fact also remains that many employers lack the capacity and ability to handle these additional payroll tasks.
  • 3. 2 | P a g e For many employers, implementing any new system can be a daunting, nerve- racking and downright scary experience to grasp. Opportunity for Payroll advisors Payroll bureaus need to decide if they are ready or prepared to take on auto enrolment business. With many shying away from offering this as an extra service, bureaus will need to determine what kind of information and support they will offer to help their clients comply with these new auto enrolment duties. Advisors will find that a large portion of these employers will contact them very close to or even after their staging date. In addition, clients will have an expectation that their payroll providers will present this auto enrolment advice in a way that is easy to understand, relevant and actionable. Bureaus have a short window of opportunity to position themselves as experts in this ever increasing cluttered space. The experience and expertise of payroll bureaus can help employers understand what they need to do to be fully auto enrolment compliant. A Simple Strategy that Works Payroll bureaus that want to succeed in this competitive industry will need to predict the evolutionary needs of their clients. It is imperative to establish themselves as a proactive rather than a reactive auto enrolment advisor. Bureaus will naturally increase their profits by providing this commodity where they can orchestrate the necessary level of service in exchange for an initial set up fee, plus a monthly retainer to manage the ongoing auto enrolment duties.
  • 4. 3 | P a g e Additionally, if these bureaus offer other services such as bookkeeping, tax returns, audits, management accounts, etc. they will have a new platform to reach and upsell to this new audience. You will find employers will be happier to consolidate all of their outsourcing services to one person or advisor. With a combined payroll and auto enrolment solution in place, bureaus will benefit from greater efficiency, increased value and improved cost savings. BrightPay is an easy-to-use auto enrolment solution that has everything you need to provide a profitable auto enrolment service to your clients. Through BrightPay’s bureau package you can benefit from unlimited employers, unlimited employees and unlimited support. BrightPay Key Take Aways Be Ready: Be prepared to ensure you are a credible authority on all employer auto enrolment duties and obligations. Auto Enrolment: Make sure you have the correct software and systems in place to prepare your clients easily for auto enrolment. Be aware that some payroll software packages will only partially handle auto enrolment. Costs: Be aware of hidden costs when researching auto enrolment solutions. You need to think about any limitations when it comes to the number of employers or employees. Customer Support: Support can be a function that payroll bureaus forget to consider. Confirm that support costs are included or inexpensive with your chosen solution. Open for business: Be proactive and inform your clients that you are open for auto enrolment business. 1. 2. 3. 4. 5.
  • 5. 4 | P a g e Improve the Profitability of Your Bureau Service Today BrightPay are offering readers 50% off a 2015/16 Bureau Licence when you switch from another payroll provider. The bureau licence (normally £199 + VAT per tax year) includes unlimited employers, unlimited employees, free support and auto enrolment functionality. To redeem, call 0845 300 4304 or email sales@brightpay.co.uk and quote “Accounting Web”. * Offer applies to new customers who switch to BrightPay from another payroll software provider for the first year subscription only. This offer applies to BrightPay 2015/16 bureau licences only and does not work in conjunction with any other offer.
  • 6. 5 | P a g e 99.4% Customer Satisfaction Rate 98.8% of Customers Recommend BrightPay 98.5% Satisfied for Customer Support
  • 7. 6 | P a g e BrightPay Testimonials “It's just better and simpler to use than many of the other software packages on the market.” “BrightPay is the first software I have felt comfortable enough to let my clients use with minimal support.” “It's simple to use, packed full of functionality and well- priced. It really can't get any better than that.” “I found the whole process very easy. I wish I had found BrightPay years ago!” “Outstanding software. Does everything I need for payroll in next to no time. If only all software was as good as this.” “BrightPay is by far the best product of its kind. Support is exceptional and, in my opinion and experience, unsurpassed.” “The gem of the company is their Customer Service Team. It is truly refreshing to get such personal touch.” “It’s simple to use, easy to understand and it has reduced the administrative burden on my businesses significantly.” “BrightPay is a breath of fresh air, very user friendly, with excellent support staff who actually seem to want to help.” “The support is second to none, the staff are friendly and helpful and nothing is too much trouble.”