Setting up payroll: How to get it right first time
Setting up payroll in any company, particularly if you run a small business, is an important task to get right. Read this for tips on how to set up payroll.
Encouraging your employees’ professional development should be a top priority for any savvy business leader.
Business success is largely determined by their ability to find, attract, and retain the best and brightest minds in the industry. Yet, many businesses continually struggle with this task. The ongoing battle for talent coupled with a high level of employee disengagement is enough to cause valid concern among executives and HR leaders.
Attracting skilled employees is expensive and retaining them is important for efficiency and sustained profitability. Effective people management plays an unparalleled role in preventing the loss of valuable employees.
Every successful performance management system depends on effective communication. It’s important to keep employees in the loop on what needs to be done, who is responsible for what, and what the final results are.
During regular meetings, managers should focus on exploring what the employee has learnt and their contributions to multiple teams, rather than just their individual performance. It’s also important to provide feedback on a regular basis starting early on to achieve the best results. Using performance management software makes this task easier for managers.
While professional transformation can happen at a local level, it only occurs when the tone is set at the top level. To help employees achieve transformation, you’ll need to incorporate effective performance management and regular feedback into your company’s culture. Developing this culture and the systems to sustain it will create a clear connection between performance and goals, continual development opportunities, and peer recognition.
By actively and continuously demonstrating your commitment to your workforce in ways that are meaningful to your employees, you will be able to realise the benefits of performance management, such as better employee motivation and engagement. Surprisingly, money is not a top driver for performance - instead, employees consider empowerment, development, training opportunities, and self-direction more important motivating factors.
We understand the difficulties businesses face when implementing a performance management process. That’s why we’ve designed the world's most innovative and scalable HR and people management system to make your job a little easier.
We’re proud to introduce Sage Business Cloud People - a performance management system that will help you attract top talent while also engaging and developing staff. It uses cloud technology so you can collaborate with employees regardless of location.
Our software gives you an instant view of your staff’s performance. Reports and dashboards provide actionable insights, allowing you to make smarter business decisions.
Setting up payroll in any company, particularly if you run a small business, is an important task to get right. Read this for tips on how to set up payroll.
Find out about Tax-Free Childcare and how it differs from its predecessor, the Childcare Voucher scheme, and discover what it means for your payroll.
Understanding holiday entitlement is as important as co-ordinating your staff's work schedules. Read this for tips on holiday pay and managing processes.
Payroll year end is approaching but there’s no need to panic. If you’ve not put plans in place for it, there’s still time to get your payroll team ready.
Real Time Information is the most significant change ever made to PAYE. A new and improved way of reporting, it's designed to make PAYE more efficient.
Thinking about managing your payroll in-house? Read this guide for advice to help you with this and how payroll software can keep your processing in check.