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Latest ONS data demonstrates a need for flexibility in payroll and payments

Responding to the latest labour market statistics from the Office for National Statistics (ONS) which show an uptick in self-employed and part-time work.

United kingdomVickie collingeJohn pearceOffice for national statisticsNational statisticsGlobal payroll efficiency indexFirst time approval ratesEmployee payInstant payTalent strategiesMay processes

Latest Payroll Efficiency Index report suggests firms are looking for financial flexibility to support staff as household budgets are squeezed

CloudPay s fourth annual Global Payroll Efficiency Index (PEI) report shows decline in First Time Approval Rates, driven by spikes in off-cycle staff payments.

Vickie collingeJohn pearceGlobal payroll efficiency indexFirst time approval ratesHuman capital managementFirst time approvalData input issuesPayroll calendar lengthSupplement runsIntegration driving performanceHuman capital management systems

Latest Payroll Efficiency Index report suggests firms are looking for financial flexibility to support staff as household budgets are squeezed – but payroll teams are feeling the pressure

- CloudPay’s fourth annual [Global Payroll Efficiency Index (PEI)|https://www.cloudpay.com/payroll-efficiency-index?utm campaign=2023-Mktg-C-GlobalPay-P.

Vickie collingeJohn pearceGlobal payroll efficiency indexFirst time approval ratesHuman capital managementFirst time approvalData input issuesPayroll calendar lengthSupplement runsIntegration driving performanceHuman capital management systemsEmployee payInstant payTalent strategiesMay processes

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