Our OneAdvanced Sector Trends Reports 23/24 revealed that attracting and retaining talent is the number one top priority for manufacturing and logistics leaders. With this comes the desire to boost employee experience. However, whilst starry benefits and eye-catching perks can entice talent, all efforts only go so far if basic operational processes cause employees grief.
Payroll software can be overlooked in digital transformation programs, yet is one of the systems that will affect employee experience most directly, as it impacts every single team member and relates to their top concern: getting paid! Almost half of the American workforce would consider leaving their job after experiencing just two issues with their paycheck, studies show – a mindset that is likely to extend to the UK, with recent reports of workers at a large UK supermarket chain resigning due to payroll errors.
Consider how a smooth, streamlined and reliable payroll process could improve the lives of your workers – and as a result, play its part in employee satisfaction and retention.
Dependability
The core way a Payroll solution can boost employee experience is accuracy. Being able to depend on their paycheck, delivered without errors and in a timely fashion, is fundamental to developing employee trust. Failing to pay your people consistently and appropriately could lead to them feeling undervalued, disengaged and less incentivised to work.
Support during financial strain
You can support your employees by acknowledging that financial challenges happen to everyone, and offering flexibility during leaner times. Pay on-demand allows employees early access to a portion of their wages, to meet unexpected or sudden costs. This functionality is an attractive prospect to organisations who want to demonstrate their commitment to financial wellbeing.
Employee self-service
In modern life, we are used to being able to easily and quickly find information relating to our financial lives using digital solutions – whether that’s our banking app, Amazon order history or Uber account. Why should payroll be any different? A payroll solution with employee self-service gives your people ready access to information pertaining to their pay, including payslips, holiday balance, pensions, hours worked and financial reward schemes. When looking to maximise employee experience, find a Payroll solution that can put power in your employees’ hands.
Enhancing the employee experience through innovative payroll solutions is a powerful strategy. By prioritising payroll improvements, manufacturing and logistics companies can create a more positive and productive working environment.
OneAdvanced’s Payroll solution gives you:
- Employee online access – put data, documents and payslips at your people’s fingertips; we process over 300,000 payslips each month
- Pay on demand – allow employees to draw down earned pay, as they need it
& more!
Find out more about our HMRC-recognised Payroll software here.