According to the latest data compiled by HM Revenue & Customs (HMRC) and the Office for National Statistics (ONS), using real-time PAYE information, the number of payrolled employees in July 2022 rose to 29.7 million.
This represents a 2.9 per cent increase (847,000) compared with the same month in 2021.
Numbers of payrolled employees dropped in most areas and industries as a result of the Coronavirus pandemic, but recovery is apparent across the board.
Food services and accommodation sectors, in particular, have seen consistent recovery across regions, with payrolled employees increasing by 15.3% in London between July 2021 and July 2022.
Data also shows that median earnings, too, have grown in the 12-month period to July 2022.
With numbers of payrolled employees on the up, it is worth bearing in mind your responsibilities as an employer taking on new members of staff.
New starters and employer responsibilities
When you take on a new employee, as well as fulfilling all of the usual HR and National Minimum Wage obligations, you must ensure that they are added to your payroll software and the correct details submitted to HMRC through your RTI submission.
As part of the submission to HMRC, you will need to supply their tax code, information about any student or postgraduate loan plans, and personal details including:
- Full name
- Current address
- Date of Birth
- National Insurance Number
- Employment start date
You can find this information on a new employee’s P45, which should be generated by their previous employer when their employment ceases, but if this is not available you will need to obtain and complete a new starter checklist from HMRC.
In addition, you must also assess your new employee under the rules of Auto-Enrolment to determine whether or not you need to enrol them in a qualifying pension scheme.
How can GH Payscheme help?
Our dedicated BACS-approved payroll bureau can help you to ensure that new employees are registered promptly with HMRC, and that they are paid on time and correctly.
We can also support you to ensure that you are compliant with your auto-enrolment and workplace pensions obligations.
To talk to us about outsourcing your payroll, or for support with taking on new starters, contact us today on 01767 221099.