Labour Supply Model: Outcome of review
The majority of feedback provided by employers is to retain the current model. However we do recognise the impost that certain aspects of the model have on labour supply employers and we are considering some options for future changes.
You told us that you wanted us to reduce your administrative burden at end of year. As you will be aware, we recently consulted with all premium-paying employers about a number of proposed changes to this process, including:
- providing more time to enter your remuneration data
- providing a choice of payment in instalments or once only
- eliminating remuneration estimates and calculating base premium using prior year actual remuneration.
We are currently reviewing the feedback we received to determine which changes will be implemented for the 2019/20 financial year. Further information will be available very soon.
Once again, thank you to the employers who provided their feedback giving us a better understanding of how we can make it easier for you to do business with us. We will continue to pursue the issues you have raised.