Managing your payroll is often a complicated task, and it requires specialised knowledge. It’s not uncommon for errors to occur when handling payroll in-house, so here we share the most common and costly mistakes and give some suggestions for ways that you can avoid them. 1. Placing too much knowledge in the hands of one specialist…
Tag: payroll
Why Outsource Your Payroll?
Payroll outsourcing involves using an external service provider to handle all the administrative and legal aspects of paying your employees’ salaries accurately and on-time. Effectively managing payroll is a critical business activity. Errors can result in a significant impact on employees, whether in financial hardship or demotivation. Employees can lose trust and disengage from their…
Understanding Payroll Processing
Payroll processing remains one of the most critical functions of HR. It is also a significant responsibility for an organisation to ensure that employees receive their salary accurately and on time. All organisations must have a good understanding of what payroll entails and how to manage payroll processing effectively. In this article, we look at…