June

Managed Payroll as an Alternative to Interim or Replacement Payroll Managers

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According to XpertHR the ‘Financial Staff’ sector had an employee turnover rate of 9.5% in 2017, this was surprisingly high compared to other occupational groups. These roles are essential to running your business, in particular your Payroll Manager as they ensure all your employees get paid on time, as well as remaining compliant with current legislation.

Regardless of why an employee leaves, be it retirement, maternity leave or sickness, you are left in a position that requires you to source a replacement. However, finding the right replacement for your company is no simple task.

Thankfully, at IRIS we’ve used our 39 years of experience to develop and fine-tune our Managed Payroll Bureau. This means that, when the time comes to replace your payroll staff, we’re the perfect replacement. We understand the common problems associated with hiring a new payroll manager and here is how we can help to alleviate them:

No recruitment costs.

The recruitment process is costly and time consuming for hiring any new member of staff, on top of this, the average UK salary for a payroll manager is £33,495 (Glassdoor, 2018).

No negotiating over costs.

When it comes to hiring a new candidate, there is usually some form of negotiating over salaries.

With us, you know you’re getting a trustworthy and reliable replacement, we’ve got almost 40 years of payroll experience.

Over 80,000 SME’s rely on us every day for their payroll and bookkeeping needs, we have all the right tools to get the job done for you, with no little hiccups along the way.

No training times.

Our Managed Payroll Bureau knows exactly what they’re doing, you don’t need to take hours out of your day to train them and they can easily hit the ground running and provide you an excellent professional service. But if you want to stay up to date, we also provide webinars and training on what’s going on in the industry.

No messy handover period – just send everything to us and we’ll do the rest.

When a member of your team leaves, and you bring in a replacement, you’re faced with the dreaded handover period. Making sure that your new payroll manager can pick up exactly where your old one left off is a challenging task, and not necessarily on your list of business priorities. With IRIS’ Managed Payroll solution, we aim to make the transfer process as easy as possible. If you’re an existing customer you simply need to send us a software backup, for new customers you just need to fill in our spreadsheet import with your employee details and the information you use to run each payroll, send it over to us and we can take it from there.

You won’t spend ages searching for a replacement, call one of our consultants and they can talk you through everything and answer any questions you might have.

We haven’t fluffed our CV and we can do exactly what we say we can – run your payroll seamlessly and submit all relevant HMRC paperwork on time without you having to lift a finger. If you’ve got a question or want to know more, our consultants are available 9am-5pm Monday-Friday for a chat about your requirements.

We can start running your payroll ready for when your employee leaves, ensuring that the transition is completely seamless.

Let us know when you need us to run your first payroll, and the changeover will be barely noticeable.

We understand that your company is important to you and you want to make sure you’ve left it with someone you trust, regardless of whether we’re babysitting or adopting your payroll for good – with us, you know you’ve left it with the right people.

To find out more visit our Managed Payroll page.

Posted by
Emily Hine
6 June 2018
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