How to Effectively Cut the Time You Spend On Payroll

All businesses are busy and let's face it, payroll is the last thing businesses want to do. It can be complicated and overwhelming, especially if you don’t have a dedicated payroll team. At Payescape we understand that it can be difficult to keep on top of payroll tasks which is why our software removes the stress by completing tasks for you.

So how can you reduce the time you spend on payroll?

Reduce employee turnover

When employee turnover is high it’ll increase the time businesses spend on payroll as they’ll continually need to add new employees into the system and undertake onboarding processes. Other tasks will include:

●       Working out tax codes.

●       Creating and signing contracts.

●       Calculating tax deductions

●       Preparing payroll reports.

Outsource your payroll

Outsourcing your payroll is one of the easiest ways you can reduce the time you spend on your payroll. Outsourced payroll is when you pass your tasks on to a third-party provider, such as Payescape. Providers usually complete tasks like calculating tax deductions, filing reports and paying staff. This helps to significantly reduce the amount of time you spend on your payroll as it frees up time for your employees to work on other important tasks. This can contribute towards creating a more productive and less stressed work environment.

When you choose outsourced managed payroll with us, we ensure your staff are paid correctly and on time.

Integrate your payroll

Integrating your payroll with other essential software like HR and time and attendance will help your businesses save time on essential tasks. Integration helps centralise data making it easy for all authorised staff members to access information quickly and easily without having to spend lots of time trawling through documents.

It also allows teams to streamline processes and ensure they’re accurate. For example, time and attendance data can be used to ensure payroll is completed correctly by checking whether employees are working their contracted hours. This can prevent time theft and ensure time is being used appropriately. It can also be used to evaluate whether other tasks throughout the business are taking too long to complete, allowing the company to come up with solutions on how they can save time throughout the business and not just within payroll.

Keep accurate records

Storing accurate records will ensure you’re prepared for any data checks by HMRC. This can save you significant time as you won’t need to investigate errors or fix any missing data. By having this information readily available you’ll be able to process any payroll requirements quickly and efficiently, saving you time in the long run.

Hire the right people

When you hire the right people for your company, you reduce employee turnover rates and spend less time on your payroll processes. For example, when you employ talented staff and maintain their satisfaction within your company you’ll spend less time on recruitment strategies and completing new starter tasks, such as:

●       Signing contracts.

●       Implementing them within your payroll system.

●       Onboarding processes.

Reducing the time you spend on payroll with Payescape

At Payescape, we can help you significantly reduce the amount of time you spend on payroll. Our software is designed to help you better manage your payroll processes by automating essential tasks like salary payments, tax reports and tax deductions. Other benefits of our software include:

●       Access from anywhere at anytime - Our cloud-based payroll allows you to access your data from anywhere at any time. This is especially helpful for companies with remote employees and staff working around the world.

●       Secure and reliable software - We store your payroll data securely with the latest encryption technology, protecting you from data breaches and cyber attacks.

●       It’s cost effective - Our cloud based software removes the need for physical IT infrastructure, making it the ideal choice for all businesses.

●       Real time updates - Our staff and our software stay up to date with the latest rules and regulations, ensuring your payroll tasks are always accurate and compliant. 

Get in touch with Payescape today to see how we can help you cut the time you spend on payroll.