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What are the pros and cons of digital self-service pay systems?

Employee Benefits

However, experts say that engaging employees in the process of inputting their own pay, and giving them access to pay information, through digital self-service systems can not only aid recruitment and retention in itself, but also drive better take-up of existing benefits and free up HR teams to focus on yet further value-adding activity.

Payroll 105
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How to improve and handle your finances in 2022

cipHR

This, for example, means an individual earning £30,000, with a net take home pay of £23,112, will see this take-home figure decrease by £255. . It is crucial to build healthy financial habits that will help minimise the impact once the NI hike takes place this year. Hunt down lost pension pots.

Finance 98
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Only 57% of employees always check their payslips

cipHR

Polling over 1,000 people, HR and payroll software provider CIPHR found that nearly a quarter (22%) don’t regularly check their payslips, despite their importance for keeping track of their pay. Notes : CIPHR is a specialist provider of SaaS HR, payroll, recruitment and learning software through its HCM platform, CIPHR Connect.

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Top 5 reasons to check your payslip

cipHR

As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount.

Pension 98