7 September 2020 - Reading time: 2 Minutes
Launching on the 7th September 2020, National Payroll Week is raising awareness of the impact of payroll and celebrating the hard-working payroll pioneers who keep the UK paid.
The pandemic has put payroll in the spotlight. Without payroll workers, people wouldn’t get paid and to put it simply, businesses wouldn’t be able to operate. That’s why the Department for Education officially named payroll staff as ‘key workers’ in March 2020 to make sure that they could perform their jobs safely and effectively and help businesses stay afloat.
Throughout this disruptive and challenging time, payroll staff around the country have continued to work tirelessly to ensure that their people got paid. Many worked overtime and at weekends, while dealing with complex new legislative updates, such as furlough, flexible furlough and statutory sick pay due to Covid-19.
The coronavirus Job retention Scheme (CJRS) wasn’t just used by a small number of businesses. According to data by the government, 9.6 million employees were furloughed through CJRS for at least part of the period between March to June. These claims have been made by 1.16 million employers, with 61% of eligible employers claiming. That’s equals a lot of complicated calculations handled by payroll staff.
Even when there isn’t an ongoing global pandemic, payroll is extremely complicated. The complexity varies depending on the size of your organisation and the industry you operate in. For example, an enterprise manufacturing organisation may have thousands of employees with different employment types, including shift workers, contractors, part-time, apprentices and more. Or a mid-market retail company may employ students and seasonal workers across multi-site locations.
Then there’s outsourced payroll teams who handle multiple payroll projects at once, often looking after organisations with large employee numbers and complicated payroll set ups across the globe. These teams not only support with the end-to-end processing of payroll, but they provide guidance and expertise on challenges such as legislation and last-minute adjustments to make sure their customer’s payroll is accurate and compliant.
Payroll ticks along in the background, making sure everyone gets paid accurately and on time. Often, we only take notice of payroll if something goes wrong. Yet, payroll workers do more than just processing payments.
They help to save employees money, through salary-sacrifice and benefits-in-kind, and payroll contributes towards the UK economy through National Insurance and income tax (which is estimated to have contributed around £325.7bn in 2020/21.) Every year they process P11D forms and ensure that employee benefits-in-kind are submitted correctly to HMRC.
Since April 2019, employers must provide payslips to all employees with a breakdown if there is variation in hours worked. As you can imagine, this means payroll workers spend a lot of time answering employee queries about their payslip (unless they have SD Worx’s digital payslips with configurable messages, which has been proven to reduce queries on payday by 75%.) Plus, they are the guardians of an organisation’s sensitive data; providing a robust audit trail to demonstrate when data was added, by whom and when to help their organisation stay transparent and compliant.
At SD Worx, we’re known for being the ‘Payroll People’ and we have some pretty amazing individuals who love payroll just as much as we do. But now it’s over to you. Did a payroll pioneer come to mind when you were reading this blog?
We want you to recognise an individual at your organisation who you feel goes above and beyond for payroll. Whether they’re a payroll pioneer, an HR hero, or a forward-thinking finance leader, we want to champion the people that are committed to keeping the UK paid.
Nominate them using the link below to celebrate their success and be entered into our prize draw.
In an increasingly globalised world, there is a vast array of opportunities for businesses to explore. For companies looking to expand their international reach, payroll is one of the biggest consideration factors. Operating in multiple countries has its fair share of challenges: each region has its own local legislative requirements, and complying with these is crucial in maintaining both reputation and revenue.
Here are the five advantages why outsourcing your payroll should be your next move20 January 2021
Managing an international workforce involves various specialist tasks, such as declaring taxes to foreign administrations, monitoring complex labour laws and elaborating attractive reward systems. That’s why most companies outsource these error-prone tasks. Both local and global HR providers can make a big difference, but remember to make well-considered choices. If you’re looking to truly bridge literal and figurative language gaps, a global partner with vast local expertise is your go-to option. Here’s why.17 June 2020
The SD Worx team has been busy! Not only did the team exhibit and present at UNLEASH Paris 2019, but we also launched our brand new Global People Services offering for the mid-sized market across Europe.
Global People Services is the first integrated HR and payroll service focusing on the mid-market in Europe.
What will Brexit mean for the social security rights of UK nationals currently working in other EU states, and of nationals of the remaining 27 member states now in the UK? Will these cross-channel workers benefit, for example, from state pension contributions they made in the UK and vice versa if they return to their countries of origin?22 October 2019
In addition to the launch of Global People Services, we’ll also be running two sessions of our own at this year’s conference – and trust us, they’re too good to miss!21 October 2019
One of the highlights of our UNLEASH calendar is certainly the launch of our one-stop solution for core-HR and payroll’s current and future needs: Global People Services. The offering opens a new category for the mid-size market, with an integrated single source of truth for HR & payroll, rolling out for the 15 countries in Europe.18 October 2019
What happens when you combine payroll and core-HR together with new technologies? The potential insights into business operations become greater and more valuable than ever when informing business decisions across all areas of the business.25 June 2019
September: the month that children dread as they make their return to school after the freedom of the long summer months. But for adults, especially those in the payroll industry, after the quiet summer period September should be a time to be motivated and to adopt that ‘back to school’ thinking. It’s important for teams not to be stagnant. In the ever-developing payroll industry, adaptability is key and so learning shouldn’t stop just because you’ve left school—in payroll and HR it’s all about continuous learning.18 September 2018
The multinational payroll industry is set to be worth 4.8bn by 2021, yet, despite the evident power of payroll, only a third of multinational organizations have a global payroll provider. Instead, they rely on a disparate selection of multiple local providers and therefore have no access to collated data or a clear insight into their employee attrition, engagement, or retention.30 August 2018
Is your HR and payroll team feeling the heat this summer? With the weather heating up, most of us want to get out and enjoy the sun or escape on a holiday. However, with more staff members out of the office, this can mean that the payroll team might be running on reduced numbers. And, typically, less team members results in a higher workload for those in the office. This is where HR and payroll technology can help, giving HR teams a well-deserved summer holiday.3 August 2018
The HR and payroll industry is in a constant state of change. New laws and regulations are introduced around the world, some of which—including GDPR—change the way the whole organization handles its processes and services.26 July 2018
Summer is finally here—and before long it will be over. HR and payroll teams face various challenges over the summer months, from increased staff holiday to keeping track of summer interns and flexible working.16 July 2018
Payroll data. How often do we stop and think about how important it is to a business? Although payroll is often viewed as a back-office function, it is an essential part of any organisation, and is much more than just payslips.5 July 2018
The multinational payroll market is growing at an impressive rate, with the entire payroll services market expected to reach 4.8 billion by 2021. The demand for international payroll services are increasing, due to the heightened need for compliance to local laws and legislations, and a demand for more comprehensive technology. However, even though the payroll market is growing, many organisations still aren’t unlocking the power of payroll.3 July 2018
The results of SD Worx’s recent international survey are in! With 1,500 respondents from nine European markets, the survey reveals that up to 87% of business leaders are now asking for employee data to inform business decisions—HR and payroll data is now being regularly used by business leaders.11 June 2018
Payroll is a vital part of any organisation, whether it’s a local business or a multinational corporation. A simple payroll error can cause a large amount of damage, so getting it right is essential.
30 March 2018
With more and more employees relying on technology and flexible working than ever before, the world is becoming increasingly connected and globalised. However, with this new reliance on global working, what do HR and payroll teams need to consider when implementing payroll for multinational companies?7 March 2018
Technological advancements are helping to turn a vision of digitally accessible, automated payroll processes into reality. Here’s five predictions for the future of payroll:5 December 2017
A recent survey carried out by SD Worx revealed that out of 4,000 European employees surveyed, 44% had been paid late by their employers and 48% of those that had been paid late had also been paid incorrectly. The research exposes several risks for businesses associated with not paying their employees correctly: let’s explore the top three.13 November 2017
Businesses in every industry have been affected by the way that we now rely heavily on technology. Technology is now a part of everything we do – both at home and work—and in order to stay relevant in today’s world, all industries must continue to be innovative and remain up to date with technological advancements, especially in the workplace.19 October 2017
If someone was to ask you how much your payroll operations cost, would you know the answer? It seems like a straightforward question, yet the answer for many HR professionals is often hard to pinpoint. Understanding – and therefore being able to make future projections – about how much your payroll costs requires a clear appreciation of various business components.10 October 2017