It’s National Payroll Week 2022, an annual event that celebrates payroll professionals.
Established within the UK in 1998 by the Chartered Institute of Payroll Professionals (CIPP), National Payroll Week aims to provide the recognition it deserves for keeping the UK paid; no mean feat when you consider that an estimated £345 billion is paid to the government through income tax and national insurance contributions, all processed by expert payroll teams up and down the country.
So what can you do this National Payroll Week to improve your payroll? We’ve put together some of our top tips for recruiters…
Understand the requirements
Whilst it may seem like an obvious point to make, it is an important one. Understanding your responsibilities as a business owner when it comes to payroll is critical, not only for your staff but for a regulatory standpoint also.
Your payroll function will adapt and change based on the nature of your workforce or candidates. For example, your approach will differ if they are temporary or permanent, just salaried or paid bonuses/ commission, or receiving sick or maternity/ paternity pay.
Utilise paperless solutions
Not only does providing paper payslips hugely increase administrative work in distributing to employees and candidates, but it also has a big impact on the environment and will ultimately save you money in printing costs.
The majority of payroll software will now allow for the automatic distribution of payslips to a workforce, removing administrative requirements in this area entirely!
Outsource this function
Of course, one of the most effective ways to ensure your payroll function is compliant, timely and accurate is to outsource it to a third party. Particularly for recruiters that require payroll for a significant number of temporary candidates, outsourcing can save an astounding amount of time and ultimately reduce overhead costs.
This week here at Zodeq we are celebrating our very own team of payroll experts, who support our clients week in, week out with their payroll requirements. On behalf of the entire Zodeq team, we would like to say a huge thank you to our team for their dedication to ensuring candidates are paid on time, every time.
Want to learn more about our Zodeq 360 payroll services? Contact the team today on 01244 617 087 or email [email protected].