Payroll

During May, we hosted a series of virtual roundtables with a range of Heads of HR and Payroll. Supporting the roundtables were two experts in the field of payroll management and automation; Stephen Knapman – Global Sales Manager of SD Worx, and Audrey Wilson – UK Head of Reward and Benefits at Capgemini. Whilst the conversations were wide ranging, in this article we will summarise a few of the key topics discussed and the conclusions reached.

If you’re reading this, you’re already thinking about future-proofing your payroll by switching to a managed payroll service. You’re already aware of the strong commercial justifications for outsourcing your payroll with immediate and long-term benefits, but now you need to persuade senior stakeholders and decisions makers in your business too.

The concept of outsourcing your payroll is highly appealing. Businesses effectively gain more expertise, experience and resources, and it costs them less.

Payroll is responsible for far more than the administration of salaries, time & attendance and tax. Modern payroll looks after your greatest asset - your people - and provides critical real-time data to the business for evidence-based decision-making.

Checking receipts and verifying compliance are time consuming tasks with very little direct return. And yet, they are essential to ensure that your business is running smoothly. 

In the era of automation and digitisation, expense management software is an important tool in your cost control arsenal. Find out how expense software can increase compliance within your company, and help ensure it going forwards.

It’s always important to keep your finger on the pulse when it comes to payroll. Since its creation in April 2020, SD Worx’s monthly live Q&A webinars – known as ‘Payroll Question Time’ – have helped thousands of Payroll, HR and finance professionals get the answers they need to help their business perform and keep Britain paid.

The COVID-19 pandemic has increased the urgency almost overnight for digital people solutions. HR professionals and business leaders have been forced to rethink their employee experience strategies according to new touchpoints in the ‘never normal’ workplace.

Traditional travel & expense management (T&E) is admin-heavy, time-consuming and vulnerable to errors, making it obsolete in the modern workplace. Forward-thinking companies are already automating the process in line with digital transformation goals. A leading software and technology solution not only empowers employees, including Payroll & HR teams, but can pay for itself in a matter of months through the insight and cost savings achieved.

The notion of the siloed back office payroll team is severely outdated. Elevating to centre stage in recent years, payroll extends way beyond salaries and taxes, providing every business area with rich insight. It is key to digital transformation and creating a positive experience for your greatest asset – your people.

In this blog, we outline how payroll influences the entire employee lifecycle and how a strategic approach can be the driver for change in your business or organisation.

You like to reward your employees for their hard work, day in, day out. Most companies currently do this with a varied pay package featuring many interesting extras. Employers make serious financial efforts to be able to offer competitive salaries and all sorts of benefits. Often, these packages are so extensive that it's not always easy to understand them properly. Many employees don't really know what their company is paying out, from company cars to pension savings on top of salaries. You may make all these efforts, but if your employees take it for granted or aren't even aware of it, they won't have the opportunity to gain an extra dose of motivation or engagement.

If you’ve reviewed your current payroll supplier and think you’d be better off elsewhere, it may be time to switch to a new provider. After all, smooth, efficient payroll calculation and payment remains the top concern for HR and business leaders.