The UK is in the grip of a cost of living crisis that is causing the biggest drop in living standards since the 1950s. Employee take-home pay is reducing against a backdrop of rising inflation and soaring prices. It's a crucial time for employers to take a more active role in the financial wellness of their employees.
Businesses across the UK understand this, and are implementing initiatives to support their employees, to help them make the most out of their take-home pay. Payroll plays a vital role in this support, as it provides the greatest opportunity for employers to:
- Deliver financial wellness initiatives
- Improve transparency about payslips
- Enhance overall engagement with staff
PayDashboard's cloud payslip has many benefits, not least because it provides a wealth of financial guidance articles that enable and empower employees to take charge of their financial livelihoods.
We recently teamed up with The Chartered Institute of Payroll Professionals (CIPP) to provide insights on how payrollers can leverage their expertise and utilise the payslip as a fundamental wellbeing tool. In this CIPP Magazine article, our COO Paul Gibbons goes into detail on how the payslip can enable businesses to achieve this.
Whether you are a payroll provider wanting to bring more value to your client payroll service, or an employer wanting to provide more financial support to your employees, our solution can help. PayDashboard's payslip integrates with your payroll software, offering you an efficient and scalable solution to cut costs and create efficiencies for your team. Worried about migrating to the cloud? Don't be. The solution includes comprehensive support and training from our Client Success Team every step of the way.