Greater efficiency at a lower costYou're aware of the complexities involved in issuing payslips and understand it’s the linchpin of employee, and consequently, business confidence.
There is a tremendous weight of responsibility on your shoulders because not only are you delivering pay and rewards to your employees, but you're ensuring confidence in the business that employs them. It’s worth discussing a plan with your team to spot errors or opportunities in your process and implement a plan to address them.
Running your payroll like clockwork
Every change from payment to promotion, from retirement plans to maternity leave has to be processed accurately and run like clockwork. And then there are the external factors—tax changes, a company acquisition, restructure or relocation, with all the implications these may have for existing and new colleagues.
To those outside your department, this is business-as-usual stuff. Inside your department, it’s business-critical. Look at what processes you have in place to help predict these changes or, at the very least, to manage each as they occur.
Empowering technologyIf you can empower the heroes of your payroll teams with technology that helps them get the basics right—accurate data, speedy automated processes, essential, timely compliance updates, easy-to-use analysis, and reporting tools—then you keep your payroll team happy and your business within the law.
Having an automated and branded solution including areas such as self-service and online payslips will also help you reinforce your business culture. And a better business culture will aid recruitment and retention and even encourage colleagues to innovate.