All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
Continuous payroll mistakes can lead to huge consequences for companies, such as fines and loss in profit. Below will explore three huge companies and the consequences they faced, as a result of frequent payroll mistakes. Learn from their mistakes so you don’t have to.
Making payroll errors such as not paying employees on time or not paying the right amount can damage your company's reputation. Not only this, but it can be extremely costly, due to disruptions in budgets and the extra time needing to be spent on fixing issues.
Two in five people are looking to quit their jobs within the next six to 12 months, due to a lack of career prospects or career development. Adding on to this, a third of people admitted they would quit their jobs if they didn’t have a good work life balance.
According to CIPD, one in four employees admitted money worries impact their ability to do their job, and the British Medical Journal found that 55% of people stated that rising costs have negatively impacted their mental health.
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