COMPLIANCE
“With little room for error and increasing legislative complexity,
further changing the face of employment law in the UK. These changes will be a steep learning curve for many organisations as the new government sets its sights on payroll, with the new plan setting out an ambitious agenda to ensure workplace rights are fit for a modern economy, empower working people and deliver economic growth. So, how can businesses both get to grips with the human element of payroll and implement changes that satisfy new laws?
complexity, leaders must continuously improve the payroll processes and technology that their employees use to stay ahead of the game. Soon, blaming outdated technology and administrative issues for wage errors will not fly. Proven tools and robust, comprehensive technological support will ensure that no compliance challenge is too great for the payroll team and compliance oversights are eradicated. Solutions such as digital payroll applications and automated processes not only support compliance automatically, saving time and minimising human error, but also offer real-time reports to power improved forecasting and payroll- related insights. Amid ever-changing legislation, this technology can prove vital to guarantee legal compliance with built-in rules embedded into the software, alongside the guidance of experts in local geographies. For further efficiency and compliance gains, some cloud-based payroll solutions integrate seamlessly with HR, absence management and time and attendance systems, giving leaders a 360-overview of employees. Whatever the future holds in payroll, businesses must remain compliant.
Navigating this blockbuster year of employment law and pay changes will prove a challenge for many businesses, but with the right technological tools and proactive approach to payroll, they can sail through with their employee wellbeing, and reputation, intact. n leaders must continuously improve the payroll processes and technology that their employees use to stay ahead of the game”
A proactive approach to compliance
The key thing employers need to do now is ensure that they are up to date with current legislation and prepared to quickly adapt to any new changes. With the exact future legislation yet to be set in stone, payroll teams need the right tools to make sure they can change their processes once legislation comes in. This is where payroll technology matters. A proactive approach to compliance means that businesses should actively monitor finances to prevent potential breaches before they become a reality. With little room for error and increasing legislative
Payroll Technician Certificate ADVANCED
The CIPP’s Payroll Technician Certificate meets the industry’s rapidly evolving requirements for knowledgeable payroll administrators.
The Advanced certificate contains the same content as our excellent Payroll Technician Certificate, but includes three extra modules covering the following areas:
l data protection and audit considerations l automatic enrolment and pension principles l administering salary sacrifice for payroll.
Developed, delivered, assessed, and awarded by IPP Education
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Visit ippe.org.uk/PTCA for full details and to enrol today
A subsidiary of the Chartered Institute of Payroll Professionals
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| Professional in Payroll, Pensions and Reward |
Issue 105 | November 2024
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