Payroll & Pensions
Our services offer a simple, flexible and robust way to manage your payroll and pension needs and delivers savings on paper-based alternatives.
UNDERSTANDING YOUR NEEDS
We process 3.6 million payroll transactions each year, ensuring staff are paid correctly and on time. Our services include: HR transactional work; monthly, weekly and bank payrolls and payslip distribution; gross-to-net administration; reimbursement of travel, subsistence and expense claims; payroll reconciliation; payroll admin support such as mortgage references and Child Maintenance Service (CMS); and a full suite of reports and dashboards.
Our payroll teams are already responsible for paying over 390,000 NHS employees each month, achieving 99.8% accuracy. Your dedicated client manager will provide information on call volumes, schedule regular service reviews to compare our performance with your service-level agreement (SLA) and identify opportunities for future service enhancements.
Our dedicated pensions team is responsible for administering 250,000 pensions and can provide specialist knowledge to help you quickly resolve enquiries on estimates, refunds, retirement benefits, workshops, training, ongoing support and employee queries.
REDUCE YOUR AGENCY SPEND WITH WEEKLY PAYROLL
There may be more benefits than you think to Weekly Payroll.
Paying employees weekly is proven to improve morale, reduce absenteeism and improve workplace efficiencies. That improvement in productivity means that clinical staff are performing better, whilst happier. The introduction of Weekly Payroll also adopts good people management practices.
Hourly paid employees really value Weekly Pay - especially if finances are tight. It also helps if they suffer from inconsistent weekly work schedules, which can include overtime. Weekly Pay can match this inconsistency in flow of work - all of which your employees would appreciate more with Weekly Pay.
If an employee works overtime one week and less than full time the next, then Weekly Payroll ensures that the employee gets that valuable overtime faster.
Have you set your employees up on weekly payroll yet?
Did you know?
Weekly pay is one of the main reasons nurses choose to work for agencies. By setting up a weekly payroll with NHS SBS, you could retain your bank staff and reduce your spend on agencies at the same time.
Weekly Pay is popular with employees as it increases flexibility and control around their salaries and finances. With this control, they feel happier and more productive. A Weekly Payroll managed by NHS SBS can be set up quickly and easily without fuss whilst potentially saving you up to 40% of operational costs - just through automation and transfer of responsibility alone.
Lord Carter Review - Are you compliant yet?
The Carter report identified that up to £2bn of savings could be found across the NHS from a reduction in agency spend and absenteeism, better use of clinical staff and adopting good people management practices.
Talk to us to find out more on how our Weekly Payroll service can benefit you and your employees.
Speak to your NHS SBS Payroll Manager or Client Partnership Executive today to incorporate Weekly Pay into your payroll service.
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We can save clients up to 40% on the costs associated with processing payslips via our digital solution, which streamlines workflow to require minimal time and resource.