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Payroll Archives - Natural HR

7 Ways that Natural HR’s Payroll module can support your business

By Finance, Natural HR, News, Payroll

The Government recently named and shamed almost 200 UK employers, including household names John Lewis, The Body Shop International, Enterprise Rent-a-Car UK and Pret A Manger, as among those who have failed to pay their employees the National Minimum Wage. Multiple investigations by HM Revenues and Customs (HMRC) found that a total of £2.1 million was owed to more than 34,000 workers due to National Minimum Wage (NMW) breaches taking place between 2011 and 2018. The employers have since been made to pay back what they owed and fined an additional £3.2 million; in a move, HMRC said showed that…

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The 3 most common types of Employee Payroll Fraud: How can you prevent them?

By Finance, Natural HR, News, Payroll

Employee payroll fraud is one of the most common types of workplace fraud you can encounter and will generally be committed by an employee attempting to receive any money they are not entitled to. If you were looking to define it, you would say that it’s the theft of funds from a business via its payroll processing system. In 2021 any type of fraud – but especially payroll fraud – can be costly to your business, with payroll fraud costing UK companies around £12 billion per year! This article will answer two questions. Firstly, what are the three most common…

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Preparing for the end of Furlough: The steps HR teams need to take

By COVID-19, Finance, HR News, Natural HR, Payroll

The Coronavirus Job Retention Scheme, better known to us as the furlough scheme, was announced at the start of the COVID-19 pandemic in March 2020 and was introduced to protect UK workers when they had to stop working and minimise the threat of mass redundancies due to the global pandemic. Now, after over a year of supporting the UK economy and saving an estimated 11.6 million jobs at the cost of £66bn, the scheme will officially be retired from September 30th 2021, 4 weeks from today. With that in mind, Natural HR has put together this article on preparing your…

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payroll infographic

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. (Click here to view the infographic in full-screen)

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payroll data

6 ways your payroll data can save you money

By Payroll, Uncategorized

For many businesses, paying your people is the single most expensive bill you’ll incur – representing up to 60% of overheads. Despite this, most overlook the value of the data that is available in your payroll system – and its ability to save you money in the long term. Undoubtedly, companywide initiatives that focus on interrogating HR data, talent metrics and performance analysis are crucial; but combine this with your payroll data, and you’ll have an entirely new view of your business. As a function, payroll is uniquely placed between your HR and finance departments. While many businesses have a…

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