- News from ADP
- ADP News 2012
- ADP News 2011
-
ADP News 2010
- Payroll software costing businesses more than £104,280 per year
- ADP and Decathlon make a winning team
- ADP closes acquisition of OneClickHR plc
- IPP awards first re-accredited payroll quality standard to ADP
- Page and Moy Travel Group set off on payroll journey with ADP
- ADP named Payroll Employer of the Year for third year running
-
ADP News 2009
- ADP UK to introduce employment screening through partnership with BackCheck
- ADP scoops two awards at payroll ceremony
- ADP passes the test for SHL
- Harwoods chooses ADP to support business acceleration
- ADP - A partner for life
- ADP toasts deal with Adnams
- ADP extends ADP Streamline, its offering designed for multinationals, to 45 countries
- Nimax Theatres (UK) chooses ADP to stage payroll
- ADP News 2008
- ADP News 2007
-
ADP News 2006
- IKEA selects ADP for GlobalView HR and Payroll service in 40 countries
- ADP launches ADP freedom 2.10 - payroll and HR for the entire employee lifecycle
- ADP freedom tunes up as headline act for Hard Rock Cafe
- Leading global clinical research organisation ICON, switch to ADP freedom in the UK
- ADP Launches Free multi-lingual HR lexicon on-line
- Dermalogica looks forward to soothing balm of ADP freedom
- ADP and Deloitte makes easy work of Financial Reporting Law
- ADP Industry news
Inefficiently managed payroll services cost companies £4,000 per employee
Poorly managed payroll services are costing UK companies almost £4,000 per employee by failing to effectively follow pay policies, according to a new study from HR consultancy firm Mercer.
The firm looked at the data of 4,990 employees from 16 UK multinationals that earned salaries up to £150,000, then matched the data against their internal database that contained 40,000 datapoints from 191 organisations. According to the research, the wasted money amounts to almost 8% of payroll costs over the course of the year.
The major source of the costs is due to over re-numeration of employees, estimated to add an average of £3,262 to a company’s annual wage bill per employee. However, under re-numeration is also a significant problem as it adds around £800 to a company’s bottom line due to the de-motivating effect it has on staff.
The main source of inconsistent pay appears to be due to the contribution of line managers to payroll administration. According to Mercer, line managers are often less discriminatory in awarding pay increases than their company policy encourages them to be.
Chris Johnson of Mercer told Personnel Today that high performance and employee engagement was undermined when many employees are aware that ''some of their colleagues are over-paid and others are under-paid.''
''Our research shows that companies spend nearly 40% of their revenues on employee pay,'' said Johnson, ''and yet they fail to deliver their pay policies effectively.''
The firm looked at the data of 4,990 employees from 16 UK multinationals that earned salaries up to £150,000, then matched the data against their internal database that contained 40,000 datapoints from 191 organisations. According to the research, the wasted money amounts to almost 8% of payroll costs over the course of the year.
The major source of the costs is due to over re-numeration of employees, estimated to add an average of £3,262 to a company’s annual wage bill per employee. However, under re-numeration is also a significant problem as it adds around £800 to a company’s bottom line due to the de-motivating effect it has on staff.
The main source of inconsistent pay appears to be due to the contribution of line managers to payroll administration. According to Mercer, line managers are often less discriminatory in awarding pay increases than their company policy encourages them to be.
Chris Johnson of Mercer told Personnel Today that high performance and employee engagement was undermined when many employees are aware that ''some of their colleagues are over-paid and others are under-paid.''
''Our research shows that companies spend nearly 40% of their revenues on employee pay,'' said Johnson, ''and yet they fail to deliver their pay policies effectively.''
