Human Resource and Payroll Services in the United Kingdom
3E Accounting explains how to take care of organisational basics with human resource and payroll services in the UK.
In most companies, human resource and payroll departments are usually separate and distinct. However, jointly they perform one of the most crucial tasks in an organisation. A company’s most valuable assets are its employees and looking after their welfare falls under the purview of these two departments. Engaging the best human resource and payroll services in the UK is an essential cog in the machinery of success and compliance. Integration of these two core organisational components can save resources and streamline regulatory compliance.
The human resource or HR department is tasked with looking after the welfare of the workforce and their relations with the company. This includes recruitment, productivity, benefits, compensation, etc. The payroll department handles all payroll data, especially in relation to an employee’s pay. This covers wages, records, deductions, tax law compliance, etc.
Outsourcing both human resource and payroll services to competent service providers such as 3E Accounting can bring numerous benefits. While providing automation and efficiency, outsourcing can also free up precious resources such as time and talent. Such resources can be better utilised towards revenue-generating activities. For example, the United Kingdom’s Pay As You Earn scheme (PAYE) is used by all employers. This can be fully automated to ease compliance and save time.
You can also opt for personalised service with flexible options. This is especially ideal for companies just setting up a business and may not have enough human resource or payroll personnel. Outsourcing is a great way to get the job done and save both time and money.
Further, as Brexit and other regulatory shifts loom, it may be tedious to keep up with changes in the law. This has a far-reaching impact, especially on multinational companies and businesses with a global footprint. Professional service providers can ensure that all laws and regulations are met according to specific jurisdictions. Compliance is met and kept up to date while mitigating risk. Some even offer online or cloud-based human resource statutory requirements such as employee handbooks, etc.
A selection of the functions provided by human resource and payroll services include:
- Human resource services and consultancy
- Online payroll services
- Customisable data on attendance, overtime, part-time or contract workers, etc.
- Benefits, incentives, annual holidays, etc.
- Drafting of employment contracts, issuing employee documentation and reports
- Automated year-end submission and employee summaries
- Online filing, reporting with HMRC
- Monthly payroll and payment services
- Workplace pension schemes
- Cost analysis and summary reports
- Automated/electronic payslip and enrolment
- Management reporting
If your business needs comprehensive human resource and payroll services in the UK, then it is time to work with the professionals. 3E Accounting offers customisable solutions to provide support with your business needs. We provide a unique combination of global expertise and local talent to ensure a high level of competence. Contact 3E Accounting today to keep up to date with legislative changes and ensure full compliance with all requirements. We can customise both flexible and scalable solutions for your every need. Get in touch with us today to discover how we can be of service to you and your business.