10 July 2018
In a world of ever evolving technical advancement, it could be said that payroll has been somewhat slow in adopting the on-demand needs of the increasingly
The new generation of cloud payroll solutions allow business to process payroll on-demand and get real time results; and whilst the interactive online payslip has been with us for the last decade and a half, employees are still typically governed by rigid pay cycles and methods of payment as defined by their employer.
There are many benefits to organisations having a structured pay routine – operational efficiency, cash flow management, reconciliation and financial accounting processes to name a few. But, from an employee perspective, they may well feel inflexible and out dated, especially when compared with their experiences as consumers of banking services, which support concepts like faster payments and paying a friend back for lunch just by knowing their mobile phone number.
Employment norms are also changing; the gig economy is thriving, with a booming freelance workforce, a ‘job for life’ being very much a thing of the past, and the trend for people having numerous jobs with multiple employers on an upward trajectory. Couple this with the emergence of Generation K (16-24-year olds), who have grown up with a smartphone in their hands, have an inherent distrust of establishment institutions, a perception of social inequality and a distinct lack of financial optimism, and we have a catalyst for major change in the world of pay.
Some of the most successful organisations thriving in the gig economy are leading the way and doing it differently.Take Uber for example, they give their drivers access to Uber Instant Pay, where drivers can “cash out” their available earnings up to 5 times a day. Now, whilst that may not make sense for all businesses, it certainly shows the sort of payment flexibility that we can expect our employees of the future to be asking us for.
Financial wellness is also a hot topic across all worker types and generations, with many employers now looking to better support employees in this area. Money worries are often cited the biggest cause of stress, with 1 in 4 workers saying they have lost sleep over them, and 55% of British families saying they would struggle to pay an unforeseen bill of £250 just before pay day. It’s understandable therefore, that employees are demanding more control, greater flexibility and better access to their finances.
89% of employers agree, saying that financial concerns have a negative impact on employee performance, so the ability to offer innovative solutions that help put people in control of their own financial management and alleviate some of the burden many face today can only be a good thing.
As a leader in the payroll market, SD Worx understands the importance of paying people correctly, first time, every time, however we also understand it’s just as important for employers to be able to meet the changing expectations of their employees, which is why we are investing in a range of innovative solutions to help businesses better respond to the changing needs of the workforce.
For more information:
HM Revenue and Customs (HMRC) has updated guidance in readiness for the commencement of the second part of the Coronavirus Job Retention Scheme (CJRS). Simon Parsons, Director of Payments, Benefits & Compliance Strategies at SD Worx UK, shares his interpretation of the changes and what this could mean for employers.P. Simon Parsons - 15 June 2020
The way we work is never going to be the same again. Find out which big changes will affect HR.11 May 2020
Our resident payroll and legislation guru answers your questions about furlough and SSP.29 April 2020
We’re here to help your payroll stay consistent during uncertain times. Find out how our experts can support you during this time.24 April 2020
Debunking furlough myths in relation to salary sacrifice arrangements.24 April 2020
What is the process of putting in a claim for furlough? We get to grips with the steps you need to undertake.23 April 2020
The right workforce management module can help businesses stay afloat during these tough times and avoid common pitfalls.15 April 2020
Hundreds of UK businesses have asked staff to work from home to combat Coronavirus. Can these measures help your remote workforce?10 April 2020
In our second #KeepItHuman interview, Oliver Mead, SD Worx Sales Director, discusses how he’s helping his team to adapt to remote working.1 April 2020
Discover how Coronavirus is affecting employee pensions and get to grips with The Pension Regulators advice.31 March 2020
Discover the latest customer information update from SD Worx regarding the Covid-19 virus.30 March 2020
Paul Thickett, SD Worx Payroll Services Director, shares how he’s keeping the UK paid and motivating his team during this challenging time.24 March 2020
Has your business temporarily closed? Find out how the Coronavirus Job Retention Scheme could support your business.24 March 2020
We’ll help you make sense of the government’s advice on Statutory Sick Pay and taking care of your employees during COVID-19.24 March 2020
The COVID-19 virus situation is developing rapidly and affecting us all, both personally and economically. We want to assure you that we are here for you, and that you and your employees can continue to count on our services.20 March 2020
A recent ‘Workplace of the Future’ survey of 250 industry professionals revealed that 88% of CFOs and CHROs expect an increase in payroll technology investment by 2025. Why? The world of work is changing rapidly and to prepare for the workforce of the future, businesses must start adapting, quickly.3 May 2019
Businesses are failing to recognise the importance of data managed by HR teams. Equally HR professionals are not yet skilled enough in data to harness its power and help secure their future strategic function within an organisation. Something has to change.1 May 2019
Everyone remembers the technology from their youth, in my case the 80’s and 90’s. I grew up with mobile phones becoming a must have commodity, with the accompanying generation of speed texters. I also grew up with the emergence of the first affordable home PC, allowing me and my friends the opportunity to explore that new ‘thing’ called the internet.13 February 2019
More than anything, this year’s data highlights the need for a new and more agile approach to HR. Conservative strategies simply aren’t going to cut it going forwards, because by the time the ink is dry, things will have moved on. Increasing business agility is now the #2 business driver for 86% of HR professionals, second only to increasing performance and profitability.28 November 2018
This article covers all aspects of T&A functionality ranging from how to create effective workload plans, building rosters, collecting and validating variable time information, implementing business and legislative validation, and finally ensuring correct payments to employees by integrating with an industry-leading payroll solution.
‘Disruptive’ technology is technology that replaces old ways of doing things. For example, the smartphone has revolutionised the way we interact with friends,
family, institutions & media. When SD Worx launched online payslips in 1999 this was met with concern around security & access. Fast-forward
to 2018, and no credible provider is without a mobile payslip. In short the smartphone has disrupted the market and most people have moved on from
8 November 2018
How do UK businesses tend to approach reward currently? Is there a shift in approach and if so, what is causing this?16 August 2018
How do UK businesses tend to approach reward currently? Is there a shift in approach and if so, what is causing this?14 August 2018
Autonomous Vehicles And Smart Warehouses Are So Last Year – 2018 Is All About Digitising Your HR Function.
Hear from our CEO Steven Van Hoorebeke during an interview with The Business Debate.18 April 2018
Most Human Resources departments work to maximise the bottom line of organisations, many HR professionals tackle this objective by focusing primarily on corporate health and wellness. The thinking here is fairly simple – if you can build a healthier workforce, they’re likely to be more productive each day, which ultimately translates to a more profitable business.20 March 2018
Millennials: entitled, lazy job hoppers. Gen X: cynical and poor team players. Baby Boomers: out of touch, independent, money-driven workaholics. And what about the iGen: those house-bound, tech-obsessed kids who were born with a smartphone in their hand? These stereotypes are bandied around regularly, but is there really any truth in them? And do different generations expect to be treated differently by their employers?5 March 2018
Adam Burgess, Business Development Manager at SD Worx UK & Ireland reflects on his first experience of an SD Worx conference. SD Worx hosted its 22nd Annual European Conference at the Park Lane Hilton in London in February 2018, with "The Future of Collaboration" as its 2018 theme.2 March 2018
At the SD Worx European Conference, held at the Park Lane Hilton on Tuesday 6 February, a panel of six individuals from different generations gave their thoughts on age-based stereotypes, their personal values, career aspirations, the challenges they’ve encountered and what, if anything, can be done to address the differences between the age brackets within the workplace.20 February 2018
Sleep is one of the most important things our body does to recover. It increases productivity during the day and helps you maintain a healthy mind. Here are ten tips brought to you by SD Worx to help you make sure you’re getting a good night’s sleep.22 January 2018
With the aim to build a model employee experience, HR departments are compelled to rewrite the rules by revolutionising talent practices. Human resource management is designed to maximise staff performance, and the HR department should be a key component in an organisation’s digital transformation.10 January 2018
Technology is the wheel that never stops turning. If Moore’s Law is to be believed, the sheer power of processing units will have doubled within two years – and that means plenty of new pieces of tech that could shake up HR and payroll processes. With that in mind, here are three technological trends that could significantly alter your industry.10 January 2018
The terms artificial intelligence and robotics are often used synonymously but are quite different, albeit complementary, in their application. Robotics, in simple terms, means process automation - using technology to remove human intervention in some of the lower value add activities such as information keying, data analysis and performing complex calculations. Artificial intelligence is a somewhat different concept13 November 2017
Two thousand and seventeen; another major year of technological advancements. Technology evolution has been at its fastest pace and for ‘Millennials’, technology has become an important part of their daily routine. For the purpose of this blog, we specifically refer to mobile technologies and pair ‘mobile’ with ‘cloud’ as we can hardly talk about mobile unless we associate it with its equally important partner, the cloud.16 October 2017
Welcome to the fourth industrial revolution, hailed by many as an era of change in which industries and organisations adapt to rapidly developing smart technology that automate working processes which would previously have been undertaken by humans. But is this something to celebrate when we consider the potential upheaval or individuals and businesses?
1 August 2017
There’s no real definition of part-time work in terms of hours. The definition just means fewer hours per week than a full-time job. But there’s still a stigma attached to part-time or flexible working. Flexible working is often associated with women returning to work after maternity leave or having to fit jobs around a school run or even working in low paid or low skilled professions. This view is a tad outdated to say the least.27 June 2017
At SD Worx, we believe it is important to keep a healthy work-life balance. A healthy work-life balance should be a necessity, but many employers don’t take the appropriate steps to ensure that their workers are implementing this concept. Here are some top tips!21 June 2017
The 14th and 15th June marked the Human Resources Software Show (HRSS) hosted by CIPD. Whilst some of us were making our way to the beaches and ice cream parlours, HR professionals were flocking to Olympia in Kensington for updates in HR technology and ice-cold slush puppies!19 June 2017
Provided you’ve done the right research, implementing a new payroll solution will streamline your business and help you save the long run. But put the wrong payroll solution in place, or implement it in the wrong way, and you could end up having a bumpy road as you learn new systems which seem to delay your payroll rather than make it more efficient.18 April 2017
In this blog, our Head of Solutions, Rick Norgate, looks at the pros and cons of the cloud to really understand its impact in the future of business and GDPR.10 April 2017
Nobody is safe, according to many scientists and technology gurus. Artificial Intelligence (AI) and robots will soon to be able to do almost everything better than humans and will take over most jobs, including that of a doctor, lawyer and other professionals. Our Managing Director, Doug Sawers, shares his thoughts...3 April 2017
HR Tech World Congress, the UK’s biggest annual HR technology show, took place at the ExCel in London last week with the theme of "The Future of Work". It was a fantastic two-day event attended by more than 3,500 exhibitors and delegates, with plenty of interesting speakers! Read our highlights from the event...30 March 2017
The global cloud-based payroll market is growing and will post an impressive compound annual growth rate (CAGR) of almost 7% by 2020, according to analyst, Technavio, which finds that the benefit of “cloud over on-premises solutions is a key factor leading to the moderate growth of this market over the next four years.”13 March 2017
Technology in the workplace is not a new phenomenon but a continuous drive towards automation which has been taking place to varying degrees since the rise of Manchester Capitalism and the Industrial Revolution. As such, there is much we can learn from history regarding the nature of work...16 February 2017
As we have seen in the news this week robotics and AI are quickly becoming a real thing in both business and the home. In the next few years we will see more and more of this type of technology taking on more and more of the administrative type roles in businesses around the world. In this blog, I share my thoughts on this trend and some of my very own personal experiences...19 December 2016
We were delighted to exhibit at HR Tech World 2016 in Paris. Check out our short video here to get a flavour of this successful event.1 December 2016
Step back in time five years and you would struggle to move for articles and white papers on big data and analytics. These were the hottest topics in technology and the excitement surrounding them was at its peak. Last year, analyst Gartner dropped its hype cycle for Big Data, confirming in an article, entitled: The Demise of Big Data, Its Lessons and the State of Things to Come” that “we did it to move the big data discussion past hype and into practice”. Certainly when it comes to the HR arena, big data and the analytics tools that can be built on top of it are now in a maturing phase.14 November 2016
For the world of business and more specifically HR, the Brexit vote has brought on a time of uncertainty. The momentous decision taken by the public on June 23 has left employers across the UK having to wrestle with a vast range of workforce-related issues.26 September 2016
I recently attended a seminar in London with over 100 Talent Managers from some of the biggest brands in the UK. During this excellent seminar we looked at Talent Management processes and explored whether we need to rethink our approach for the modern world. This session provoked me to reflect on all the performance and talent systems I have seen, designed and implemented over the years. After reflecting on this I think the answer is a resounding YES! We do need to change, but not in the way you might think. So please allow me a few minutes to explain...18 July 2016
On 23rd June 2016, UK voters decided in favour of leaving the European Union (EU) in a landmark referendum. Since then it’s fair to say that UK politics has seen a fair amount of turmoil. One thing we can be sure of is that, whenever it does happen, the UK’s withdrawal from the EU will have implications for workers and employers. In this blog I want to focus on what this could mean...11 July 2016
On Thursday 23rd June 2016, a team of 25 SD Worx colleagues completed the epic challenge of walking the UK 5 Peaks challenge in 48 hours. In doing so, the team drove 2600km and walked 55km, raising a record breaking £30,100 in the process for The PayBack Foundation.4 July 2016
With the upcoming referendum later this month, which will decide whether Britain should leave or remain in the European Union, UK businesses – employing EU workers – will need to contemplate how “Bexit” might potentially influence their future hiring, talent management and overall workforce management best practices. Currently, millions of highly skilled EU immigrants work in the UK. The following article examines a few possible scenarios and outcomes of Brexit and its potential impact to the UK – and increasingly global workforce. I will also review how human capital management technology can help businesses comply with the current and future new world of work.20 June 2016
In today's world, "human capital management" seems to be the hot topic of choice. A complete HCM solution covers all the people related processes and data in an organisation, and by its very nature can get pretty full on and complicated to implement, with greater upheaval and cost involved. For that reason, it is not always appropriate for an organisation to consider changing all aspects of their HCM in one fell swoop.6 June 2016
I’ve been working in a software implementation environment for nearly 20 years ,and in that time I’ve seen many successful projects. Sadly I’ve also seen a number of less successful projects and if I were to pick a main cause for each of them the two recurring themes would undoubtedly be...25 April 2016
In my last two blogs I described how important a transparent labour model and flexible workforce are to the successful implementation of a WFM system. Today I want to focus on how such a system can help re-engage your workforce, improving morale and colleague retention.4 April 2016
I always like to think I give 100% to everything I do. For most of my career I thought the best way to do this was to work every hour I could. Almost by mistake, two years ago I set out on a path that has fundamentally changed my life and my perception of what giving 100% means...21 March 2016
In my last blog I described how keeping the labour model as simple and transparent as possible increases the chances of user buy-in whilst still generating an accurate labour forecast. Today I want to talk about how critical the flexibility of your workforce is to the successful implementation of a WFM system...14 March 2016
Our WFM System experts, describe how keeping the labour model simple and transparent could increases chances of user buy-in, whilst still generating an accurate labour forecast.15 February 2016
In today’s working society, being busy has suddenly become the new yardstick in the workplace, the key measure of a person’s success and contribution to the business. If we don’t look very busy, we worry that people might think we’re not working hard enough. We pride ourselves on being too busy to take a vacation or relax, and taking on so much that we risk getting ill, all to prove how hardworking we are.9 February 2016
Welcome to the future! I am back with a new blog, this time I look at 6 technology predictions over the next 5 years that will impact the world of HR & Payroll. Who knows where we’ll be in 2020? My predictions are based on detailed research, analysis of past and current technology trends, and consumer purchasing behaviour.11 January 2016
There can be numerous challenges to staying productive throughout December. Employees may not be working as much as they’re frequently taking time off around the holidays. They’re traveling all over the place, shopping and making plans with family and friends. They may also become stressed! Here are our top tips for reducing office stress during the holiday season.15 December 2015
Many factors contribute to stress and overload in the workplace, including organisational change, demanding workloads, poor communication, and interpersonal conflicts among individuals or groups. Read our top tips on how to tackle these challenges...2 November 2015
Stress has an enormous effect on the workplace on a daily basis. If and when employees are feeling overworked, their negative attitude makes it very difficult for them to tackle everything on their plates. Check out our top tips on how to reduce stress in the office!12 October 2015
To celebrate National Work Life Week taking place this week, we share top tips on how to maintain a Work and Life balance. Read our NWLW15 blog and download infographic...16 September 2015
Technology is moving at such a pace, I wonder if Usain Bolt could even keep up with the advancements?! The truth though is that if you don't embrace the changes, you are impacting the success of your organisation. Customers want it and employees want it and the last thing you want is for them to be ahead of you.30 June 2015
Social media presents great opportunities for businesses of all sizes, and it has created a step change in the way we communicate with employees and customers. Read about our own experiences with rolling out social media in the workplace...1 June 2015
Everyone's talking about mindfulness right now, including the Mental Health Foundation as part of their Mental Health Awareness Week, which runs from 11th - 17th May, 2015. You may still be sceptical, but there's more and more evidence to support the art and practice of mindfulness, particularly in relation to mental health.12 May 2015