CIPP Payslip Statistics Report 2008-2018

CIPP PAYSL IP STATISTICS REPORT 2018

NEW FOR 2018

The effect of GDPR on payslip production The introduction of the General Data Protection Regulation on 25 May 2018 caused many businesses to examine the personal data they hold and how they use it. This research explored whether GDPR had any effect on payslip production or distribution. More than one fifth of respondents (22%) reported that they had changed their method of distributing payslips as a result of GDPR. However GDPR had less of an effect on the information contained in payslips with 95% stating that payslip information had not changed as a result of GDPR. Payment methods With Bacs consistently the most common payment method across all pay frequencies for the duration of this research, in 2018 the survey focused on respondent awareness of possible new payment methods. Blockchain is a new buzzword in technology right now, with the first major application of blockchain technology being bitcoin which was released in 2009. Bitcoin is a cryptocurrency and the blockchain is the technology that underpins it. Although it is likely that a significant number of respondents have heard of bitcoins, only 15.8% have heard of blockchain. When asked if they could see blockchain being used as a future alternative payment method, respondents were unsure, with 13.7% saying yes, 35.6% saying no and the remainder (50.7%) unsure. The use of new payment technology versus more traditional payment methods will be explored in future research. Pay on demand This report has already identified the most common pay frequencies operated in UK payroll. However, pay on demand is another option for employers to consider. As the name suggests, pay on demand is a service which enables workers to ask for payment as and when they ask for it, rather than on their contractual pay day. Although in many cases this takes the form of a loan rather than a genuine payment on demand. Less than a quarter (23.7%) of respondents had heard of pay on demand. Even fewer (8.8%) have considered introducing pay on demand in their organisation. However, when asked whether pay on demand would be an attractive benefit for employees the responses were less clear cut, with 58% unsure. This is another area which will be explored more fully in future research.

YES 11%

Do you see pay on demand being as attractive benefit for employees

MAYBE 58%

NO 31%

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