Payroll and HR data has the potential to unlock strategic value that has not previously been so readily available and accurate. Providing a window into your organisation, people and processes, your payroll solution can open up a whole new world of insight and innovation.

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.

The workforce is transforming. People are increasingly looking to work when and where they feel most productive, and where they can fit work around other commitments

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.

Workforce planning is a key management responsibility, and traditional time & attendance (T&A) solutions have done a satisfactory job… until now. The recent COVID-19 pandemic and shift in workplace culture has challenged and changed the way we work. Managers must now facilitate homeworking and ensure social distancing can be implemented, whilst tracking employees’ time, attendance and performance.

The pandemic has had a major impact on payroll processes.With businesses forced to furloughed employees under the Coronavirus Job retention Scheme, and payroll teams asked to work from home, this year has brought challenges nobody could have anticipated.

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.

The pandemic has created challenges that none of us anticipated. For many businesses, it has accelerated digital transformation projects and highlighted the need for more agile and fluid ways of working. To meet the needs of the post-Covid workforce, HR is being reinvented.