All the latest Payroll, HR and Time management industry news, keeping you up to date with policy changes and all things PayEscape.
When a company doesn’t keep up with rules and regulations when it comes to HR and payroll, they may be at risk of being fined. But staying up to date with regulations isn’t easy when HMRC is continuously making changes to regulations each year that impact payroll.
Everyone makes mistakes – we’re all human. However, there are certain mistakes that can damage brand reputation, profitability and get you into trouble with the government.
Payroll is one area where mistakes can have implications for employees, HMRC compliance, and if not identified in a timely manner, could cost your business thousands.
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.
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