Paying employees has become more complicated over the last year. Working from home changed the way companies handled daily business operations and key functions within the organisation. Payroll was one of the most impacted components of daily operations, as the furlough scheme was created and ongoing changes made payroll more complex. Common payroll challenges are often related to data inaccuracy, manual processes, and software.
Start with an audit of your current payroll process to identify issues that are causing payroll complications for your team. If the issue is data inaccuracy, look at the sources of your payroll data. Are you using email to handle employee data or requests? Are employees requesting changes to bank or personal details? Using an employee self-service portal to manage data can be the first step to reducing paperwork and avoiding errors.
If your payroll team relies on spreadsheets or manual processes to manage payroll, this could be another payroll challenge to overcome. Spreadsheets are only as good as the data entered into them and can be manipulated by multiple team members with no way to ensure data accuracy. There is no data security with spreadsheets, which can cause compliance issues and payroll errors.
Using the right payroll software is another challenge for many companies. Your payroll software should provide automatic updates to payroll and HMRC regulations, employee self-service portals to make personal changes, and custom reporting so you can view payroll in real-time across the organisation. Having the right tools in place ensure compliance, data accuracy, and reduce hours of manual work for your team.
If you are facing some of these common payroll challenges, we can help simplify your payroll process. Our cloud-based platform is easy-to-use, with automated updates to payroll regulations, direct filing with HMRC, employee self-service portals, and customised reporting. We make it easy to manage payroll and have integrated HR admin and time management tools to help with all aspects of operations. Talk to us today and get rid of your payroll challenges.
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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.