Importance of payroll in satisfying remote employees

By 2022, 31% of all workers worldwide will be working remotely, according to Gartner. Large corporations such as Twitter and Slack have already announced permanent work-from-home policies.

It is no secret that remote work is the way of the future, and it is here to stay. With this notion shaping the future of work, businesses must ensure that employee experience remains intact even when employees work remotely.

What’s the fuss with employee experience?

According to Mckinsey, 40% of workers globally say they might leave their jobs soon. Fostering a positive employee experience corresponds to better business performance for the company. However, it can be tricky to deal with when it comes to remote work.

Where the gap occurs

Companies often focus on bonuses, rewards, and well-being programs to maximize productivity and business outcomes. Instead, they can focus on employee satisfaction by ensuring they are paid on time.

Although additional benefits are welcome, they should not overshadow the importance of a strong payroll solution. Therefore, it is crucial to have a solution that improves the overall payday experience.

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Without an effective payroll solution, here are some problems organizations may face.

If your employees are constantly worried about delayed payment, they are unlikely to appreciate the additional perks.

As per an employee report, payroll error occurs for 25% of all employees.

Everyone has bills to pay. When salary is late, it hurts their morale and productivity at work and creates personal issues.

49% of employees will hunt for new employment after two paycheck errors.

Employee retention is no joke. When you got a raise, you wouldn’t find being paid your old salary funny.

Payroll inaccuracies have a far more significant impact on productivity than paycheck delay. It may cause trust issues if it occurs repeatedly. The last thing any organization would want is to lose its credibility.

Are you still processing all your time and absence data manually? If yes, there is a risk of racking up fines and moving further away from the industry standards.

Manually updating time sheets is a cumbersome process that no employee would want to be ever entertained with. Automated time and attendance management solutions accurately record data and provide employees with information about their shifts and overtime payments.

Explore Neeyamo Time to enforce a happier employee experience that will make them more confident about their pay cycle.

When you make employees wait for their query resolution, you put their patience to the test. The turnaround time should be as short as possible and adhere to the proposed SLAs (Service Level Agreements). This is where the remote employees interact.

Most helpdesk responses are standardized and may appear impersonal. Employees expect an answer that has been individually tailored with a thorough understanding of their context. When you fail to meet their expectations after making them wait, it directly impacts the employee experience.

Managing employee experience is complicated; managing remote employee experience is even more complex.

Instead of doing it manually or using multiple software applications, why not use a company specializing in payrolling beyond borders? Create a simple, intelligent, and intuitive user experience that masks the complexity of global payroll.

Opt for a cost-efficient solution with employee self-service providing a competitive advantage. One that also helps you create a positive company culture that values employee feedback in the long term.

Out of office shouldn’t necessarily mean out of mind.

Allow us to take care of your payroll needs while you look after your employees. Create a hassle-free experience for your remote employees with Neeyamo’s Global Payroll and Global Work solutions.

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