Payroll

The sudden Covid-19 regulations transformed people’s working routine and how they interact with their colleagues and their business almost overnight. Yet, although the pandemic forced home working upon many of us, the transition to flexible working was always on the horizon. As we predict what the ‘new normal’ will look like, many employees will be looking to make long-term changes to their work arrangements. 

Has your Payroll operation been ‘wow’, ‘meh’ or ‘yikes’ over the last few months? Has it remained a beacon of stability, or has it succumbed to the pressures of the pandemic? Whatever your answer, the root cause is often the maturity of your payroll operation.

Within leading organisations, Payroll & HR are starting to align more closely in order to meet the demands of the emerging workforce and to facilitate the digital workplace. Stronger together, an integrated Payroll & HR system enables businesses to become agile and competitive through gaining a ‘single source of truth’ relating to employee data. Successful integration enriches the employee experience and also provides invaluable business intelligence. However, this power can only be leveraged with technological investment and removal of operational silos.

Senior HR and Finance decision-makers predict major changes to the workforce by 2025. As a result, payroll will have a significant impact and influence on employee engagement as it aligns more closely with HR in an innovative new remit. Top payroll teams are embracing next generation technology such as automation and AI in order to offer customised payroll packages and financial well-being.

Everyone’s after best-in-class solutions and support to look after their payroll and people, but what does this actually look like? Beyond dazzling technology, sleek interfaces and a dashing dashboard, it’s service, commitment and knowledge from a payroll expert that underpins a long and happy partnership.

For many companies, recent events have stretched operational costs and organisational resilience to breaking point, and in some cases, beyond. Business priorities for finance leaders may have altered in response to the pandemic, but one thing is clear; resilient business continuity plans have payroll at their core.

Are you confident that you’re getting the most from your payroll? Is it supporting your organisation and adapting to recent changes and demands?

Our new research reveals that nearly half of European companies believe that COVID-19 will have a lasting impact on their businesses, and that we will have to radically change the way they work.

Our new research surveyed hundreds of financial leaders from top UK businesses to understand changing attitudes towards payroll. And what’s clear is that although the payroll function in mid-market and enterprise organisations is highly valued, the payroll technology and solutions being used simply don’t make the cut.

Ongoing and unprecedented changes to the workplace – including remote working and furlough – have accelerated the need for a payroll solution that is more accurate, resilient, flexible and cost-efficient, and able to handle the complexity of compliance.

You’ve got a good relationship with your payroll supplier. They understand you, support you, they’re your hero and your rock at the end of every payment run. But… What if there’s something better out there? What about moving to a global payroll provider?

Cloud-based (SaaS) payroll solutions have overcome a lot of obstacles that legacy payroll systems typically struggle with, offering access to a maintained platform on a subscription basis. But what works for you now may not work for you in the future.