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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Transform Payroll and HR Admin with Technology
Companies have to use a variety of software to manage daily operations – from payroll and HR to accounting and forecasting. When it comes time to renew licenses or upgrade software, it can complicate integrations and disrupt operations. If employees are resistant to change software, this can lead to using old technology or multiple systems to manage the same employee data. Using integrated technology that manages employee data across teams can reduce duplicate functions and optimise operations.
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Payroll Impact Across the Organisation
When talking about business growth or annual planning, payroll is often left out of the conversation. Since payroll is usually the largest operating expense for every company, it’s surprising that it can be so easily brushed aside. While leadership teams may believe that payroll is just a operational expense, the consequences of letting payroll get lost in the shuffle can impact the growth of the organisation.
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Reasons to Outsource Payroll
Running a new or growing business means creating awareness for your brand, meeting new clients, differentiating your business from the competition and getting established in the marketplace. As you grow and hire more employees, business administration can often get in the way. What’s the best way to focus on growth while also ensuring compliance with payroll and HR obligations? Payroll Outsourcing.
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Reducing Risk of Payroll Fraud
Organisations lose millions each year due to payroll fraud. It is not only difficult to detect but is perpetrated by employees within the company. Common types of payroll fraud include inflated wages, counterfeit or “ghost” employees, and falsified expense reimbursement. Most people think crime like fraud don’t hurt anyone, but companies suffer in the short and long term from fraudulent payroll practices. So how can you reduce the risk of payroll fraud in your organisation?
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Is it Time to Change your Payroll Software?
Payroll is one of the most time-intensive and largest operational expenses for companies. How can you tell if it’s running as efficiently and accurately as it could be? With so many enhancements to technology and integration, it might be time to evaluate your payroll software to enhance compliance features, reduce any manual processes, and simplify operations. So where should your team start?
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The Ultimate Guide to Human Capital Management
In recent years, there’s been significant emphasis on how businesses can improve employee experience, satisfaction, and productivity. Thanks to COVID-19, there was even more focus on employee engagement and happiness, with several employees handing their resignations in and looking elsewhere.
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.