Six Tips for Efficient Payroll

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There’s no doubt that payroll can be a time-consuming undertaking within any business. But to ensure everyone is paid correctly and on time, it’s an essential task that can’t be ignored!

There are, however, some simple steps you can take to help ensure your payroll process is made more efficient; helping you to save time, reduce costs and improve productivity.

1. Keep accurate employee records

It almost goes without saying that keeping up to date employee records is vital to running accurate payroll. From simple changes to an employee’s name or address to sickness or maternity pay for instance, making these updates as they occur will save you time in the long run, and prevent any unnecessary confusion when it’s time to run payroll.

2. Communicate with your employees

Your employees should be fully aware of when they will be paid and how to access their payslips. In addition, they should know who to contact should any questions or queries arise. Transparency with your employees is key!

3. Keep up to date with legislation

As a business owner, you may not know every detail of ever-changing payroll legislations, but it’s important that the person managing your payroll understands current regulations. In order to stay compliant, you might find it easier to employ the services of a professional.

4. Streamline your payroll process

Software designed to automate the payroll process will not only save you time but also prevent potential errors. There are several options available depending on the size and needs of your business. Features to lookout for include HMRC compliant solutions, integration with other software and customisable options.

5. Review your payroll process

Conducting regular reviews of your payroll procedure will highlight any issues and provide an opportunity to improve, whether that’s a change in software or outsourcing payroll management. You might not be aware of any problems, so employee feedback is useful, alongside internal audits.

6. Enlist expert support

If payroll is causing a headache for your business, it might be time to enlist expert support. Outsourcing payroll to a professional means you can concentrate on the running of your business, leaving this complex and time-consuming administrative task to someone else!

At Ellis & Co we can provide you with a comprehensive and confidential payroll service, and our expert team is on hand to ensure the whole process is run smoothly for you.

For any queries, please give our payroll team a call on 01244 343504