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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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Optimise HR in 2022
Human Resources is one of the most important functions within every organisation. As regulations change and new policies are put in place, your HR team has to roll out new initiatives across the company. Staying current with hiring and employment needs and remaining strategic can be challenging while managing your workforce, so how can you optimise HR in the new year?
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2022 Payroll Trends
The new year is almost here – it’s time to look at trends over the last year and what is coming in 2022. While payroll teams were inundated the last 18 months with Covid-related job retention schemes, payroll regulations will continue to evolve in 2022. Getting ready for new updates is key to keeping your payroll process compliant and secure in the new year. Here are some trends that will continue to impact payroll in the new year:
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Keeping Track of Payroll Regulations
The last 2 years have been tumultuous for payroll teams. With so many changes to regulations and deadlines, the industry has been faced with constant challenges. With the new year fast approaching, it’s a good time to review your payroll processes to see if there are ways to improve and manage changes. Helping your team stay ahead of new payroll regulations can be a key component of your payroll compliance in 2022.
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Streamline your Payroll Process
At the end of every year organisations often take time to look at operations and compliance to see what can be improved or change what is not working. Payroll is one of the biggest costs in a company budget but can be overlooked. As this year draws to a close, it’s time to streamline your payroll process and make it easier for your team to manage in 2022.
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Payroll Compliance Challenges
Payroll compliance is an important component of every organisation, but can quickly get out of control when new regulations are introduced or changes are made. At the end of the year, it’s a good idea to evaluate your payroll process to identify potential challenges that can cause problems down the line.
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Easier Payroll in 2022
Is your team making plans for 2022? Now is a perfect time to review your current processes and look for improvements. If you are using old systems and manual processes to manage payroll your team is probably spending too much time managing employee data and not enough time on new initiatives. The new year is a great time to start fresh and make changes.
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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.