Effective Payroll Services And Their Importance For Staff Morale

It is a sobering fact that hard-earned employee trust and loyalty may

be lost if oversights are made on the basic issue of pay. It is vital

therefore that the highest priority is given to payroll services. In

the final analysis, most individuals choose to work for an

organisation in order to earn a mutually agreed wage or salary. A

company will organise the distribution of different wage and salary

payments via a payroll system. This payroll system will need to take

into account not only which payments are made to which employee, based

on variables such as paid overtime agreements and staff re-grading;

but also on what tax and national insurance allowances and obligations

are currently affecting both individual employees and staff as a

whole.

Payroll services can be a tall order for many firms, particularly

smaller businesses that may not have a large, well-established human

resources department. Yet the consequences of any payroll errors can

be extremely damaging. Mistakes ranging from inadvertently sending an

employee a colleagues wage slip through to using an incorrect tax

code, have been known to occur fairly frequently. Once a mistake is

realised, putting things right may not be as straightforward as one

might expect.

The use of an incorrect tax code for example will usually involve

notification to the Inland Revenue who in turn may have to calculate a

completely different series of tax codes. For the employee this can

mean a sudden and unwelcome increase in taxation after months, or in

some cases years, of blissful ignorance. As a result, a great deal of

resentment may well end up being directed towards an otherwise

conscientious and caring employer.

In order to avoid such mistakes many organisations choose to offload

payroll responsibilities onto a specialist payroll company. We at

Moorepay can offer payroll solutions ranging from payroll assistance

through to complete payroll outsourcing.

by: Brooke Pens

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