Payroll

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.

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.

The global Covid-19 pandemic has challenged even the most robust organisations and smart leaders. It is doubtful that any business anticipated months of lockdown without months to prepare – ‘unprecedented’ is an understatement.

Business leaders advocate that payroll maturity matters. The degree of payroll maturity or immaturity impacts the whole organisation from efficiency, to employee satisfaction, to risk exposure. A solution that worked a few years ago may well be lagging behind now in terms of technology, ROI or facilitating your business continuity plans. Is your organisation cruising into uncharted territory or committed to growing in maturity and control?

Business priorities for CFOs may have altered in response to the COVID-19 pandemic, but one thing is clear; resilient business continuity plans have payroll at their core. Agile financial leaders realise that payroll is business-critical, prioritising investment in technology and automation through SaaS or outsourced solutions. It’s essential and timely to review the value you gain from your existing payroll operations and harness the potential of this often-untapped resource. If payroll is more of an afterthought within your organisation or board, it’s time for a new perspective.

New research by SD Worx, in partnership with Circal, interviewed HR leaders from top UK companies in the middle of the Covid-19 crisis. 

Mature and efficient payroll can unlock hidden value for the wider business.

Payroll systems are the bedrock of trust that companies can build their organisation upon. By managing a business’s largest expenditure, they perform a crucial role – helping to maintain the confidence of a workforce.

If you’re reading this, then we assume you’ve been debating whether a managed payroll service is the right move for your business. And you’re probably working towards wider business objectives like reducing your total cost of ownership, increasing efficiency, improving business continuity plans, or reducing risk.