Embracing Modern Payroll Technology

In today’s fast-paced business environment, getting payroll right isn’t just a matter of paying employees on time – it’s about maintaining trust, boosting productivity, and creating a workplace where things run smoothly. Payroll errors, often underestimated, can turn what should be a straightforward task into a frustrating experience for both employees and business owners.

The good news? With the right tools, payroll can go from a headache to a highlight! Believe it or not, payroll errors are more common than we think. In fact, nearly 9 out of 10 UK businesses faced payroll issues in 2022. These mistakes, whether small or significant, usually lead to late or incorrect payments. The ripple effect of such errors can be felt throughout the entire organisation, leading to unhappy employees, unnecessary stress, and time wasted on troubleshooting.

According to Personnel Today, some companies are spending more than 12 hours a month fixing payroll mistakes – valuable time that could be better spent growing the business. But there’s no need to get bogged down by these numbers. The solution is simpler than ever: modern payroll technology. True Cloud-based payroll systems, like Offshore Payroll, are transforming how businesses handle payroll, making it a seamless, efficient process.

Many companies recognise that upgrading their payroll system can significantly reduce errors and save time but concerns about cost and implementation can often cause hesitation. Offshore Payroll is here to change that perception. We believe that powerful, intuitive payroll software should be accessible to all businesses, regardless of size and without the stress or high expense. Our smart import tools make transferring payroll data and initial set up a breeze, and our dedicated relationship managers guide you every step of the way.

Once you make the switch, you’ll wonder why you didn’t do it sooner. No more hours wasted on fixing errors – just more time to focus on what truly matters: growing your business. It’s a smart investment that pays off, leaving both you and your team more satisfied, productive, and ready for the future.

But there’s no need to get bogged down by these numbers. The solution is simpler than ever: modern payroll technology. Cloud-based payroll systems, like Offshore Payroll, are transforming how businesses handle payroll, making it a seamless, efficient process.

Many companies recognise that upgrading their payroll system can significantly reduce errors and save time but concerns about cost and implementation can often cause hesitation. Offshore Payroll is here to change that perception. We believe that powerful, intuitive payroll software should be accessible to all businesses, without the stress or high expense. Our smart import tools make setup a breeze, and our dedicated relationship managers guide you every step of the way.

Once you make the switch, you’ll wonder why you didn’t do it sooner. No more hours wasted on fixing errors – just more time to focus on what truly matters: growing your business. With Offshore Payroll, you’ll be free to spend that extra time doing what you love most. It’s a smart investment that pays off, leaving both you and your team more satisfied and ready for the future.

Let’s move payroll forward, together!

Jackie Helks

October 25, 2024

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Offshore Payroll announced as supporting sponsor of DisruptHR conference

Returning to St Helier for their fifth event in the Channel Islands, DisruptHR is a global movement designed to energise, inform and empower people in the fields of people, business and the future of work.

Once in a while, an event series is born that shakes things up, makes you think differently, it leaves you inspired, this is DisruptHR.

14 speakers, just five minutes each, and slides rotate every 15 seconds. Over 250 global cities across 6 continents have hosted this phenomenon.

Offshore Payroll is delighted to be announced as a supporting sponsor for Disrupt St. Helier 2024, with Offshore Payroll’s very own Megan Rolland included in the line-up of speakers.

Speaking on the announcement Director, Jeralie Pallot has said “As a team, we are very proud to be a supporting sponsor of this thought-provoking event that challenges traditional HR practices.  We are especially excited to be supporting Megan on stage as she disrupts conventional thinking on payroll; with thoughts on transforming a routine administrative task into a powerful strategic tool for developing meaningful connections. We live in a world that thrives with change, where agility and adaptability are the keys to success – why should payroll be any different?“

Interested? Tickets are now available on Eventbrite click here, we look forward to seeing you there!

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2023 Updates for Jersey & Guernsey

There are some important changes for Jersey and Guernsey will come into effect from the 1st of January 2023, luckily for Offshore Payroll clients we’ve had these in place since early December and our databases have been automatically updated.

Jersey will see an end to the temporary reduction in Social Security contributions and a percentage rise from 4% to 6% for employee contributions from January 1st 2023.

There have also been annual updates to Guernsey and Jersey tax and social security thresholds, more details of these annual changes can be found by using the following links:

Click here for more information on 2023 Jersey Tax rates, allowances and reliefs

Click here for more information on 2023 Guernsey Tax rates, allowances and reliefs

If you’re considering a change in 2023 and are looking for a new Payroll software provider, then reach out and speak with a member of the team by using this link.

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Local Consortium Acquire Offshore Payroll Limited

A group of local companies have jointly purchased Offshore Payroll Limited (OP). OP is payroll service and software business that specialises in processing for jurisdictions that have unique tax and social rules.

The new owners include; recruitment specialists Rowlands, financial strategists Purpose and technology experts Vertix. Together, the group plans to invest in OP’s team and technology to innovate and develop the existing services.

Managing Director of Rowlands, Jeralie Pallot, commented:

We believe that this business is an excellent fit for Rowlands and will enable us to provide new, innovative solutions for our clients as OP evolves. I am particularly excited about the potential that OP has to offer deeper insights for employers and efficiencies gained through integration with accounting systems. We believe that with some investment, this is an incredibly useful tool that we will be able to provide to you..’

Managing Director of Purpose, Luke Smith added:

‘My focus when supporting the growth of OP will be to consider innovative ways to use the technology to understand the value of human resources. I believe that we can develop OP’s existing platform to create new ways to understand profitability, which in turn will help businesses to be more intelligent in their decision-making.’

Director of Vertix, Ross Huelin concluded:

‘I am excited to be part of a team that is committed to building on OP’s existing technology in creative and original ways. We are passionate about making complex processes simple, and where possible, automatic, to increase business efficiency and agility.  I believe that the development work we undertake will add huge value to existing OP clients, but also open up the technology to have widely useful benefits for global organisations.’

Over the coming months, OP will begin growing its team and rolling out improvements for existing clients, before embarking on a programme of development.

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“It has given us peace of mind”

The reporting section is extremely in depth and helpful. We have been using various reports to help create our own management reports which has led us to examine payroll expenditure easily.
Having the widgets to run through step-by-step payroll or adding a new employee ensures nothing is missed. Also, the accessibility due to being Cloud based.

It’s a great system! Easy to use, can be tailored to your specific payroll needs without being overwhelming and if you can’t find something in the extensive user guide then a team of experts is only a click away.

Emma McCaw – Consultant