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Change of pay frequency
VIEW YEAR-ON- YEAR DATA
REASON FOR PAY FREQUENCY CHANGE
The most common reasons for pay frequency change were cost saving implications across the business including time saving and efficiency in the payroll department.
HAVE YOU CHANGED PAY FREQUENCY IN THE LAST TWO YEARS?
Other reasons included ‘Client’s request’, ‘To align with other business functions’, ‘Staff retention’, and ‘Implementation of time and attendance system’.
5% Yes
10% Changed for some clients, but not all
30%
Other (please specify)
28%
Improve payroll team efficiencies / Increase resource capacity
22%
Improve cashflow
85% No
22%
TUPE transfer / Company acquisition
18%
Improve payroll accuracy
13%
A very small percentage of respondents have changed their pay frequency in the last two years, which is 7.48% less than last year.
Accommodate a new payroll system
12%
Support employee wellbeing
12%
VIEW YEAR-ON- YEAR DATA
Employee’s requested it to suit budgeting needs
12
In most cases percentages have been rounded to two decimal places for clarity and may not add up to 100%. Graphics may have been rounded to whole percentages.
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