KEY FINDINGS
99% OPERATING A MONTHLY PAYROLL - THIS REMAINS THE MOST COMMON PAY FREQUENCY
FRIDAY REMAINS THE MOST POPULAR PAY DAY FOR WEEKLY, FORTNIGHTLY AND 4-WEEKLY PAYROLLS
THE LAST WORKING DAY OF THE MONTH REMAINS THE MOST POPULAR MONTHLY PAYROLL PAY DATE
THE NUMBER OF RESPONDENTS WHOSE PAYROLL TEAMS PROCESS 51 – 1,000 EMPLOYEES HAS INCREASED
IMPROVE TEAM EFFICIENCIES / INCREASE RESOURCE CAPACITY
MOST RESPONDENTS USE AN EMPLOYEE SELF- SERVICE PLATFORM TO ENABLE INDIVIDUALS TO ACCESS THEIR PAYSLIPS
13% HAVE IMPLEMENTED A CHANGE OF PAY FREQUENCY. THE TOP TWO REASONS WERE:
MORE THAN HALF OF RESPONDENTS STORE PAYROLL RECORDS FOR SIX YEARS PLUS THE CURRENT TAX YEAR
IMPROVE CASHFLOW
BACS CONTINUES TO DOMINATE PAYROLL PAYMENTS AS MOST POPULAR PAYMENT METHOD 88%
THE MOST POPULAR METHOD TO MAKE AD HOC AND INTERIM PAYMENTS TO EMPLOYEES WAS VIA A MANUAL PAYMENT PROCESS
THE RESULTS HIGHLIGHTED EVIDENCE OF NON-COMPLIANCE WITH HOLIDAY PAY CALCULATIONS, UNDERLINING THE ADMINISTRATIVE CHALLENGE FACED BY PAYROLL TEAMS IN THIS AREA
THE NUMBER OF RESPONDENTS WHO PROCESS ONLY ONE PAYROLL HAS INCREASED
6
Percentages have been rounded to the nearest whole number for clarity and in some instances may not total 100%
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