The new year brings opportunities to improve operations and processes within your organisation. Payroll is one component of operations that can be very manual and time-consuming, but it doesn’t have to be. Making enhancements to your payroll process can reduce resources, identify problems, and eliminate manual or non-compliant aspects. Here are some process enhancements to evaluate in 2022.
Paperwork and Data
Personal employee details include sensitive data that needs to be protected from a security perspective. Using paper processes or email to manage employee payroll data can lead to compliance and security breaches. Securing your employee data should be a top priority in 2022. Start with your payroll technology – do you have a secure platform to manage payroll? Do you have employee data stored that can be used for multiple functions across the business including HR? Evaluate your technology to determine if you can reduce paperwork, ensure data security, and eliminate duplicate processes.
If your payroll technology is not providing you with customized, real-time reporting, it’s time to look for another solution. One of the biggest issues companies face is lack of data and reporting for payroll. If you can’t view payroll in real-time, you don’t have access to your costs and you could be missing errors or issues in the process. Making sure you have a reporting tool within your technology can help your team and provide compliance support as well.
Another hurdle for many organisations is managing multiple systems and processes to handle employee payroll, HR, and time and absence management. Using integrated technology can streamline your operations, provide savings across multiple systems, and ensure the organisation is working with the same data. If it’s time to look for new technology, make sure you have integration capabilities across the organisation.
If you are looking for ways to improve your operations, start with the basics – technology, reporting and integration. Easily manage your workforce and streamline compliance across the organisation. Click here to get started
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.