What Do Richard Branson, The Bahamas and Payroll Have in Common?

August 17, 2015
What do Richard Branson, The Bahamas and Payroll All Have in Common?

Flexibility and freedom are the two buzzwords permeating most people orientated businesses today. With the introduction of faster, smarter, user-friendly technologies, computers are able to carry out many of the repetitive tasks that once occupied our much of our time. While this doesn't automatically translate to us all taking a 6 week holiday to the Bahamas, working in harmony with current trends and technologies can mean less stress, more productivity, happier employees, happier shareholders, win win.

[blockquote sub_text="Richard Branson" blockquote_border="border_top_bottom"] The future of leadership will see employees being given far more freedom and opportunity. The days of successful leaders being overly controlling are numbered – new ways of working mean flexibility and empowerment will become central to businesses large and small. [/blockquote]

So what can help in practical terms?

Embrace New Payroll Technologies

37.8 million people in the UK use smart phones and that figure is growing daily. It's in our nature to look for the easiest possible solution to a problem, organisations that make wise use of new technologies are leaving the competition behind. Mobile self-service portals can allow a worker to submit their hours, check their time sheets, review their payslips a much more. Using this approach not only empowers workers with control over their data, it also makes a significant dent in the time your staff spend emailing and phoning around for information.

Have a clearly defined purpose

As simple as it sounds, many businesses are so busy they seldom stop and ask; why are we in the payroll business? What benefit do we bring to our stakeholders? Would anybody care if we closed our doors tomorrow? Having a clearly defined purpose unites an organisation, it gives it drive and a reason to push ahead. Studies show that employees work better when they have a common goal to work towards, having a clear purpose also help attract new talent.

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In summary, it all boils down to accurate knowledge of your business and your environment. With careful planning and consistent monitoring, payroll businesses can embrace the future, and you might even get time to take a holiday out in the Bahamas, every once in a while.

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