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Payroll by numbers: 11 eye-opening stats you need to know

By Natural HR, Payroll

From paying your employees to managing salary budgets, payroll departments have the business critical responsibility of making sure your workforce is  paid on time and free from errors. In this infographic, we’ve gathered 11 stats that demonstrate some of the trends facing payroll teams, the most significant challenges and the impact payroll software can have in teams. (View the infographic in full-screen)

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6 tips for payroll success

6 tips for payroll success

By Payroll, Uncategorized

While processing payroll can be one of the biggest sources of frustration, it is unequivocally one of the most important parts of your business. Your employees are your most valuable asset, and as such, they deserve to be paid correctly and on time. While payroll is often the biggest expense for a company, it can get even pricier when mistakes are made. Making mistakes when running payroll can be costly not only to your employees, but to your business too – both financially and reputationally. Such mistakes might include overpaying or underpaying tax, paying employees late or incorrectly, making incorrect…

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BLOG - 6 Payroll performance metrics you need to be tracking

6 payroll performance metrics you need to be tracking

By Finance, Payroll, Statutory Sick Pay

In a world where numbers and metrics determine success, it’s essential to develop and track key performance indicators (KPIs) to show that business objectives are being achieved efficiently. Organisations use high-level KPIs to focus on the overall performance of the business. Meanwhile, low-level KPIs are prominently used to target processes in different departments such as finance, payroll and HR. Whether you’re a standalone employee or part of a larger payroll team, these payroll performance metrics will provide you with the knowledge to track the success of key business objectives, ensure payroll resources are distributed correctly and help support your employees….

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5 ways to better manage payroll in your business

5 ways to better manage payroll in your business

By Payroll, Uncategorized

No matter what industry you work in, managing payroll for an increasingly diverse workforce can prove difficult for even the most seasoned of payroll professionals. Staff costs are among the most expensive costs for businesses. As such, managing payroll effectively to ensure employees are paid correctly and on time is important in order to maintain morale and productivity. Payroll can be confusing. From different tax bands and rates of pay to commission payments, bonuses, sick pay and maternity pay; it’s clear that the life of a payroll manager can become increasingly stressful as a business grows and employees more staff….

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HR and payroll software: how to present your business case

By HR Software, Payroll

When you’re buying any piece of business software, presenting your business case to your directors, board or senior management team can often feel like half the challenge. As HR and payroll software will directly impact every one of your employees, your case for investment needs to be watertight and should be detailed enough to prove the reasons why you think your chosen provider is right for your business. Below, you will find some key advice and top tips for presenting your business case for investment in HR and payroll software that will stop it feeling like a grilling in Dragon’s Den!…

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