Payroll
If you’re wondering whether outsourcing provides more benefits than having an in-house team, take a look at all the ways outsourcing can be more effective.
How your people data can help improve gender equality and diversity in the workplace
Achieving gender equality and diversity is a priority for smart business leaders.
UK organisations with 250+ people are now required to calculate and share statistics on the gender pay gap (measured by hourly pay, bonuses and on the proportion of male and female employees in each pay quartile) but improving gender equality and diversity goes beyond publishing figures.
Focusing on the analytical capability of the Payroll and HR functions, this blog outlines the power of your people data to help create a fairer, inclusive and more productive workplace.
Why ‘hard-headed HR bosses’ need one version of the truth
When the Covid-19 lockdown began, The Economist claimed this pandemic would thrust HR and its leaders into the spotlight. It suggested chief people officers would need to play a role similar to that of the CFO following the financial crisis of 2007-2009. “Never before have more firms needed a hard-headed HR boss,” it stated.
How to find out if you are eligible for the Job Support Scheme
The government has announced the launch of policies and measures to protect jobs where businesses are facing lower demand over the winter months due to the Covid-19 pandemic.
Is a skills gap threatening your digital transformation?
It’s estimated that the pace of digital change within businesses has been accelerated by about six years as a result of the Covid-19 pandemic. Where barriers to digital transformation previously existed – be that a reluctance to abandon legacy systems or a lack of support at board level – the necessity to react to the challenges of lockdown have broken these down.
How HR automation improves the employee onboarding experience
Hiring new recruits is a costly business. Just how much depends on the role, but according to Glassdoor the average cost per hire is £3,000.
Why you should always be prepared for a payroll audit
As a leader in payroll and/or finance, you know that payroll is subject to HMRC rules that are complex and changeable. If your payroll system has gaps or vulnerabilities or is not as transparent as it should be, the penalties are high - in terms of cost, stress and reputation.
Revealing the hidden costs of in-house payroll
Many businesses remain unaware of the benefits of outsourcing payroll. Finance and payroll managers often believe that an in-house team, or one person doing everything, cuts costs and retains control. In reality, it’s likely to end up costing more, slow digital transformation and impact business continuity.
It's time for finance leaders to get serious about payroll
The role of the modern finance leader is much more than just assessing financial performance and monitoring cashflow. Nowadays, a good financial leader takes stock of the whole organisation to make sure every aspect is aligned to business goals.
Payroll fraud costs UK businesses £12 billion a year – here’s how to stop it
When it comes to types of fraud, we’re all familiar with insurance, tax and even identity theft, but payroll fraud is often swept under the rug. It’s not one to be ignored, as every year it costs UK businesses £12 billion in loss.
The true cost of switching payroll providers
So, you’ve finally decided enough is enough, you want to switch payroll providers. But the perceived cost of changing to a new supplier is holding you back. You’ve heard it can be mega expensive and won’t there be loads of downtime?
Why more CFOs are turning to outsourcing post-covid
The impact of the global coronavirus pandemic has forced finance leaders to do the impossible; maintain stability in a chaotic environment.
Furlough advice: Debunking salary sacrifice and benefits in kind myths
Many UK businesses furloughed their employees to keep paying workers while business was temporarily closed under The Coronavirus Job Retention Scheme (CJRS). The government’s measure helped thousands of businesses to stay afloat, but one issue that continues to perplex people is in relation to employee benefits and salary sacrifice arrangements, such as childcare vouchers and cycle-to-work schemes.