Latest payrolls create record services demand Cheltenham, Gloucestershire

The latest UK payroll numbers show a record number of people in employment- including Cheltenham Gloucestershire.

Latest cheltenham payroll services record demandThe Office for National Statistics (ONS) shows that comparing the estimates for the 3 months ending February 2015 with those for September to November 2014, employment continued to rise and unemployment continued to fall.

There were 31.05 million people in work- 248,000 more than for September to November 2014 and 557,000 more than for a year earlier.
The proportion of people aged from 16 to 64 in work (the employment rate) was 73.4%, the highest since comparable records began in 1971.

These record payroll numbers- whilst great for the economy increases the administrative burden on employers with their weekly and monthly red tape.

However there is a payroll solution for employers and accountants our great value outsourcing payroll bureau service!

These employment changes maintain the general direction of movement since late 2011/early 2012.

However there are considerable regional differences:

  • The employment rate in Great Britain was highest in the South East (77.0%) and lowest in Wales and the North East (69.8%).
  • The unemployment rate in Great Britain was highest in the North East (7.7%) and lowest in the South East (4.2%).
  • The inactivity rate in Great Britain was highest in Wales (25.5%) and lowest in the South West and the East of England (19.4%).
  • The headline Claimant Count rate in Great Britain was highest in the North East (4.0%) and lowest in the South East and the South West (1.3%).

The ONS also found that 107,000 people were made redundant in the period. The number of redundancies peaked at 311,000 in early 2009.

There were 743,000 job vacancies across the UK in the three months to March, 124,000 more than a year ago and the highest since records began in 2001.

There were 1.84 million unemployed people, 76,000 fewer than for September to November 2014 and 416,000 fewer than for a year earlier.

The proportion of the economically active population who were unemployed (the unemployment rate) was 5.6%, lower than for September to November 2014 (5.8%) and for a year earlier (6.9%). The economically active population is those in work plus those seeking and available to work.

Comparing the 3 months ending February 2015 with a year earlier, pay for employees in Great Britain increased by 1.7% including bonuses and by 1.8% excluding bonuses.

So if you want help with your calculating and submitting your organisation’s payrolls administration- you can either ring us now on – email us on edith@esbaccountancy.co.uk or click the Contact Us button payroll bookkeeping services small business help contact esb accountancy gloucestershireor please fill the form at the bottom of the contact us page.

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