Steps To Combat Payroll Fraud

Many cases of payroll fraud are insider jobs where those with responsibility for business finances use their positions to unscrupulously defraud their employers.

According to Fraud Prevention Service, staff fraud is now

Outsource or Keep In-House: Getting the best from your payroll system

How much time does your HR department spend solely on payroll? Many companies spend a great deal of their time organizing payroll and ensuring accuracy, which leaves less time to run other areas of the business. With this in mind, isn’t it important that you are able to maximize the efficiency of your payroll system to prevent errors and maximize the productivity of your business? So does that mean keeping your payroll in-house, or outsourcing it to a reputable company?

The choice is yours, but before you decide it may be worth considering these strategies and benefits.

Create a Fool Proof System

An effective way to ensure that all of your employees are classified and paid correctly is to create a pay policy and put it in writing for all. This policy should verify how all employees are classified and how all wages, salaries, raises and promotions are calculated. It should also clarify how your business will deal with mistakes that are made.

Outsourcing this process:

If you choose to outsource your policy writing and changes, allowing an outside company to keep track of all of your payroll information you could

5 Reasons Why Your Company Should be Outsourcing its Payroll At Data Centre

Payroll outsourcing can be beneficial for companies of all sizes. Organizations can save money and safeguard against the range of issues which you may face managing your payroll in-house. Outsourcing your payroll at Data Centre is also an effective way to ensure that your company adheres to the latest legislation and remains compliant in any HR law. Here are just a few of the benefits.

Saving your business money

Paying for staff to manage your payroll in-house can prove to be an expensive endeavor. First you’ve got to pay the normal staff costs – salaries, national insurance contributions and employee benefits. Now add to that the cost of payroll software, the annual maintenance costs of it and the staff training required for it to function effectively. Even the stationary needed to payroll a whole department will soon add up! Outsourcing your payroll at Data Centre is an obvious cost effective solution to mounting internal costs.

Eliminate risk

There’s a certain level of risk involved in managing payroll internally as

10 Ways To Keep Employees Happy

As we all know, happy staff make a happy business. In recent years it is becoming increasingly important that employers are able to keep their employees happy, loyal and engaged with the company – to increase profits, amongst other things. On the other hand, if employees are unmotivated and lacking reliability, the company will certainly suffer.

So what do you, as an employer, need to do to ensure your staff remain happy, efficient and upbeat?

Firstly, tell your employees when they do well and recognise their success! People who feel pride in what they dowill always work thatextra bit harder. It’s not just the money that motivates people – try a pat on the back and see where it gets you. Your employees want to work for you, and in order to keep them