How Eslip Manages Payroll For Companies With 100+ Employees
Payroll complexities and compliance pressures for larger companies are intense. This has been hugely exacerbated by the need to operate auto-enrolment company pension schemes. Then, of course, there is the ever-present danger of submitting late or inaccurate information to HMRC, with the hefty penalties that brings.
It's a headache larger companies could well do without. Especially organisations managing a salary bill and workload that involves varying shift patterns and contract types!
This is why organisations employing over 100 employees are subcontracting out payroll.
How would eSlip make a measurable difference to large company payroll management?
Saving Precious Time
Operating a multifaceted payroll system for a large number of employees can now be a full-time job in itself.
But alternatives to paying someone in-house are often daunting, as they can involve losing a degree of control and accountability. Using external payroll systems can create new concerns, such as compliance with the EU General Data Protection Regulation for instance.
eSlip was designed and configured to overcome all the concerns about subcontracting payroll, as it involves completely secure and transparent methodology.
It Is All We Do, And We Are Very Good At It!
By focusing our staff skills, experience and technology on payroll management, eSlip is able to offer streamlined payroll systems. We're also responsive and versatile, fitting around the commercial needs and working practices of each individual firm.
With eSlip, your employees are paid in a foolproof way, even if your contracts and shift patterns incorporate different hourly rates and other criteria.
We also save time for our clients as our systems are easy and quick to amend. It makes us ideal for companies who have seasonal staff, short-term contracts or ambitious growth plans.
Saving Precious Money
As eSlip offers precision and control, it brings with it opportunities to reduce unnecessary expenditure and insidious overpayment.
We can also reduce the amount you need to pay for accountancy services, as your payroll will be coordinated and controlled in a highly automated but professional way.
Avoiding Management Stress!
Large company payroll means large company obligations to HMRC.
- eSlip will submit relevant data in a fully automated and efficient way, keeping you compliant and avoiding costly fines. Or, worse still, the awful prospect of expensive mistakes!
- eSlip can provide real-time and historical data for your own reporting systems. We can also communicate effectively with your external accountancy firm.
- eSlip adheres to GDPR in its data management, protection and security systems.
However, CEOs and FDs of larger companies have the chance to manage the company wage bill from any device, at any location in the world, thanks to our dedication to round the clock customer service.
So, in a nutshell, no matter how complex your payroll, we can make it simple, and cost-effective, without compromising on compliance. Contact us today for more information, and let us see how we can help you.