Our Blog
All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
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Improving employee retention through staff benefits
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.
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Restructuring Payroll and HR operations
Payroll and HR operations impact the entire organisation but can often be ignored when it comes to making improvements to the process. Efficiencies between teams get overlooked, creating duplicate efforts and potential complications. Restructuring your payroll and HR processes not only simplifies company operations but can uncover inefficient or redundant efforts across the organisation that impact payroll, HR, and compliance.
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Time for a Payroll and HR Audit?
While payroll and HR teams are busy managing company operations, it can be challenging to stop and take time to audit processes and look for improvements. Sometimes the largest functions like payroll and HR admin are using outdated tools that are not as efficient as they could be or using redundant processes that could be wasting resources. A quick audit of your payroll and HR systems can help identify gaps in technology, duplicate functions across teams, and other ways to improve operations.
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HR Compliance and Data
Human Resources compliance is becoming more difficult each year. With new employment regulations, data protection laws and requirements, managing employee data is as important today as protecting customer data. Beginning with recruiting and on-boarding to payroll and performance management, there is so much data collected from employees - how can HR keep track and maintain all of this data?
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Hidden Costs of Non-Compliance
Every business has to implement and maintain compliance measures across the organisation. Employers have requirements and obligations for reporting to tax and compliance authorities each year as well. Failure to ensure compliance can result in steep fines and penalties.
Need help to understand what solution is best for your business?
Speak with our expert team today on 028 2764 1060
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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.