Payroll

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?

An exclusive relationship isn’t the only option…

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. 

If in-house payroll vs. managed service is keeping you awake at night, or you’re just starting to research the options, this guide provides a balanced view to help you plan your payroll strategy. Whilst there’s no right or wrong answer, we’ve got all the answers to the questions you’re probably asking.

Let’s face it, payroll faces some unique challenges. We recently held a roundtable, in partnership with Reward Strategy, to find out what’s having the greatest impact on those working in the space. In this guide we’ll explore the four clear areas identified as most in need of change.

Payroll needs to make strides in technology evolution and innovation, driving positive changes across the wider business and aligning with HR to attract talent. It will be more influential than ever before and key to future-proofing organisations. Payroll can be complex and challenging and comes with huge responsibility, but this is why we love it – and with 70 years’ experience, we also know some clever tips. Wherever you see yourself, when you have the tools, technology and know-how it’s a piece of cake to become unhealthily payroll obsessed.

Got big plans? Of course you have. That’s why you’re already thinking about future-proofing your payroll. We applaud your foresight! Here are some of the fundamental whys and whats you need to make an airtight plan for future-proofing your payroll. Obviously, you’re going to need more than vision and ambition to switch up just like that.

From improving employee engagement to unlocking vital intelligence, this whitepaper explores the hidden value payroll can provide to the whole organisation. Discover how finding the right payroll partner and solution will help you future-proof your business and look after your greatest asset – your people.