Payroll management is one of the most daunting and challenging tasks in a business. If you think hiring an efficient and dedicated HR will handle the issue nicely, then this is the high time you should debunk the myth. Even a small mistake can cause you a significant loss in business.
Before you know how to make the process easy and smooth, you should know about the common HR payroll management mistakes your company based in Newcastle can face.
Misclassifications of Employees
Everyone who works for your firm or organisation cannot be your employee. Not all of them come under the direct payroll of your company. There are freelancers, vendors, contractual employees and independent contractors who offer their services to your business and you need to pay them; but not in terms of monthly salary. Misclassification of employees can create major confusions in offices while managing the payroll at the end of the month.
Timesheet Management
One of the most difficult parts of payroll management is managing the monthly timesheet of the employees. There can be different shifts, different locations and working hours for different cities and countries. It is difficult to track such a versatile timesheet in different cities, districts and countries to manage the payroll. On top of that, calculating the overtime, bonus hours and weekends will make the job even more complicated.
Processing the Payroll on Time
If every month your employees have to wait for their salary and if you cannot process their payments on time, then certainly there are issues in your in-house payroll management. The complexity of the entire process is responsible for this repeated delay which can be highly impactful for the company’s reputation.
The Solution
When you outsource professional HR payroll management in Newcastle, you can solve all these issues. The experienced, efficient and trained payroll management experts will handle all these sectors dedicatedly for you so that your business can run smoothly.
Northumbria Payroll is a reputed company that offers HR payroll management solutions for big and small companies located in Newcastle. Please get in touch with us for more information.