2022 HRO Today EMEA March April - 8
Cover Story
Making the switch between systems is relatively easy
to implement with a seamless experience delivered
through the use of workforce management software.
" The greatest and most crucial barrier to overcome will
always be getting the workforce onboard with the plan
to change or adapt to the pay model, " he says. " From our
experience working with clients in the hospitality sector,
two-thirds have implemented a change to their pay model
and are now reaping the benefits. "
However, MHR Global's Payroll Specialist Camilla King
sounds a note of caution both over adoption of new
payment models and their suitability for employees.
" Not all businesses have the finances to support this, "
she says, " especially with the volume of changes that
have happened in recent times. " This challenge of
making the switch between payment models has allowed
the app market to emerge and offer straight-forward
solutions for businesses.
At the same time, King isn't entirely one hundred percent
certain the solutions answer the need. Yes, the new techdriven
solutions tend to be cheaper and safer than payday
loans, but she asks whether they should be used just for
emergencies rather than supporting the everyday work
and pay relationship.
" Payroll has always had a duty of care to employees and
the mantra of paying accurately and on time, " she says.
" Do we need to add 'allowing access to the right amount
pay at the right time' to this phrase? "
What King raises here, of course, is the wider debate
about when is the right time to pay someone for the
work they have done. If employers have a responsibility to
see that their workers are paid correctly and at the right
time, is that time immediately after they've finished their
current task or after they've completely a few weeks of
that task? What time is actually better from a financial
management point of view?
THE LATEST INDEPENDENT
IMPACT ASSESSMENT FOUND
of workers felt less stressed
77%
72%
of workers felt more in control
of their money.
-Jamie Lawrence, insights director, Wagestream
[8]
HRO TODAY EMEA | MARCH/APRIL 2022
2022 HRO Today EMEA March April
Table of Contents for the Digital Edition of 2022 HRO Today EMEA March April
2022 HRO Today EMEA March April - 1
2022 HRO Today EMEA March April - 2
2022 HRO Today EMEA March April - 3
2022 HRO Today EMEA March April - 4
2022 HRO Today EMEA March April - 5
2022 HRO Today EMEA March April - 6
2022 HRO Today EMEA March April - 7
2022 HRO Today EMEA March April - 8
2022 HRO Today EMEA March April - 9
2022 HRO Today EMEA March April - 10
2022 HRO Today EMEA March April - 11
2022 HRO Today EMEA March April - 12
2022 HRO Today EMEA March April - 13
2022 HRO Today EMEA March April - 14
2022 HRO Today EMEA March April - 15
2022 HRO Today EMEA March April - 16
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