Payroll

Whilst outsourcing payroll can deliver a wealth of benefits for most businesses, it’s still important to double check it’s the right option for you. 

If you’re outsourcing crucial business functions such as payroll, you need to keep an eye on KPIs to ensure you’re receiving the efficiencies or savings you were promised. 

Keeping employees healthy, stress-free and productive is always a challenge – the workplace is constantly presenting little obstacles here and there that make human capital management difficult. But things get especially tough during the holiday season.

The first part of our latest series of webinars discussed the gender pay gap, and looked at how your company can analyse and act on your data effectively.

It’s fair to say that the transition can be a little daunting in itself, without worrying about something going wrong. Before you hand over your payroll responsibilities to an outsourced provider, here’s a quick guide to getting it right.

If you’re thinking of moving your payroll responsibilities away from your in-house staff and to an external provider, one of the first things you’ll need to consider is how outsourcing payroll costs will stack-up against your current outlay. Of course financial costs are the main consideration, but it’s also worth thinking about time-savings too. After all, in business, time is money.

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.