A people revolution is taking place in the most unlikely of places – payroll. Once considered a basic back-office function, technology has transformed how employees are paid, offering a more personalised service and allowing them to manage their own finances more effectively.
A more open, self-service payroll system can offer smoother onboarding, more flexible pay options and the ability to view earnings in real-time, all of which can help improve employee engagement from day one. Built-in financial wellbeing initiatives can also have a hugely positive effect on employees’ mental health, and payroll can help circumvent individual problems on a customised basis.
As the cost-of-living crisis deepens and employers continue to struggle with recruitment and retention, it’s never been a better time to unlock payroll’s hidden value. Read this People Management Insight report, produced in partnership with SD Worx, as we explore how to turn payroll into a vibrant function that can engage employees and provide financial support throughout their working lives.
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