subject: Effective Payroll Services And Their Importance For Staff Morale [print this page] 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
