Most people can calcualate Holiday pay for Full Time staff, but many of our clients get in a pickle when faced with Part Timers.
Here at Quickpaye we can simplify all of this for you!
Full time staff are entitled to 5.6 weeks every year, which can be built up over each month. It equates to 28 days per year, and on a monthly basis this is 2.33 days per month.
For Part time staff, the easiest way to calculate their holiday is on a monthly basis, using the calculation of 12.07% of their hours worked per month, or for that period.
Tracey worked 45 hours this month, therefore 45 x 12.07% will give her 5.43 hours hols pay.
So if you have a problem with calculating this, give us a call, Quickpaye can take that headache away, and allow you to have a great SUMMER BREAK!
Do all payroll providers guarantee a 24 hour turnaround? Well, apparently they don’t, according to a new client that we recently took on. She was having a problem getting the payroll reports back on time, and it was causing untold grief!
Here at Quickpaye, we understand that you have payroll deadlines and need to pay your staff on time.
Of course, we would need all the necessary information in order for your payroll to be completed, but once we have this to hand, it would be completed in record time!
So if you are having difficulty with your provider, not being able to meet your deadlines, then give us a call and we will guarantee you will be pleased with the results!
DID YOU KNOW THAT 4TH MAY IS INTERNATIONAL PAYROLL DAY???
LET’S PUT PAYROLL ON THE MAP!
This historic occasion is being held to bring together the global and in country payroll community to honour all of our achievements around the world.
We can reflect our growing strategic importance to the business.
Here at Quickpaye we are marking this event with a SPECIAL OFFER!
FREE SET UP FOR THE MONTH OF MAY if you want us to run your payroll for you! THIS IS WORTH £60 + !!!
We pride ourselves on being better than the people next door, we are always here to answer all queries and provide help with especially AUTO ENROLMENT which is a tough subject for all!
If you persistently ignore the penalty notices from the Pensions Regulator, then you risk receiving a COUNTY COURT JUDGEMENT for a failure to pay!
We are starting to see the first employers getting a CCJ, which can risk the future of your business!
Contact the Pensions Regulator before this happens to you. They can help you to avoid serious consequences.
Employers within the food and drink sector have recently been issued with a large proportion of penalty notices. In this sector there are typically employed a large number of temporary workers, with many people employed without a contract.
If you are worried about this happening to you then just call us at Quickpaye for our expert help and advice. We can make this headache dissolve away!
The National Living Wage and the Minimum Wage will be increasing on the 1st April 2017.
As from April 2017 both the MW and NLW will increase each year in April instead of October, going forward.
You will need to prepare for the changes and ensure you are paying your employees the new rates.
From the 1st April 2017 the Minimum Wage rates will increase as below:
- 25+ year olds – NMW (National Living Wage) will increase from £7.20 to £7.50 per hour
- 21 – 24 year olds – MW will increase from £6.95 to £7.05 per hour
- 18 – 20 year olds – MW will increase from £5.55 to £5.60 per hour
- 16 – 17 year olds – MW will increase from £4.00 to £4.05 per hour
- Apprentice rate (for apprentices under the age of 19 or 19 and over but in the first year
of apprenticeship) – MW will increase from £3.40 to £3.50 per hour
N.B. Don’t forget that failure to pay the correct rate could lead to a penalty charge of up to £20,000 for each member of staff underpaid.
OUTSOURCING YOUR PAYROLL
Even the most experienced professionals find that payroll can be a real headache. Slap onto this a heavy penalty for a filing omission, and now we’re talking a full-blown financially-induced migraine!
For many businesses, outsourcing your payroll can offer an attractive and valuable alternative to in-house processing.
If chosen correctly, they provide a host of duties which will take your headache away!
However, choosing poorly can make it a hassle to leave, and frustration to stay, so it is essential to find the right provider for you.
In truth, smaller firms with a stable, salaried staff and minimal changes may well be better off processing internally, but ultimately many companies discover it’s not really that cheap — especially when you factor in the time spent managing the process, and also, without the proper knowledge or training of payroll legislation it’s easy to make mistakes.
Finally, using a payroll provider can ease your mind. The Internal Revenue Service has reported that one out of every three employers has been charged for a payroll mistake.
When to outsource
Using a payroll service makes sense if your payroll changes with every pay period. If your company has employees working varied hours per week or has a significant turnover then a payroll service can be time-saving and cost-effective.
Choosing a provider
- As well as offering the services you require, a payroll service should offer a high level of customer service. Unlike some other business services, you will need to communicate regularly with your payroll provider.
- Request references from current clients to gain a better sense of the provider’s level of customer service and read all testimonials to them that you can find.
- Avoid multiple unnecessary charges by knowing which service features you are most interested in before choosing a payroll company. In general, look out for providers that offer low base processing rates with expensive add-on features.
Questions to ask:
- What does your basic service include?
- How quickly can you re-run a payroll if there is a mistake?
- How long does the average client stay with you?
Look for a stable provider
If a firm’s only business is payroll, make sure to check the number of clients it supports. To ensure stability, a payroll service should ideally maintain at least one hundred clients.
Double-check the math when switching
Be especially thorough in reviewing the first payslips issued through the service for the first pay period.
NOW HAVE A LOOK AT QUICKPAYE’S TESTIMONIALS AND CALL US FOR A FREE CONSULTATION – OUR SERVICE CAN TRANSFORM YOUR WORKLOAD AND TAKE THAT HEADACHE AWAY!