HR Glossary

What is Workplace Pension?

A retirement savings scheme arranged by a UK employer where both the employer and employee contribute a percentage of earnings, governed by the Pensions Act 2008 and auto-enrolment requirements.

Why it matters in hiring

Workplace Pension comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with W

• Worker vs Employee
• Workforce Planning
• Working Time Regulations
• Working with Children Check (Australia)
• Workplace Safety and Health Act (Singapore)
• WPS - Wage Protection System (UAE)
• Wrongful Termination
• Whistleblower

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.