Our weekly payroll service offers greater flexibility and control over employees' finances - a key reason staff choose to work for agencies. It also makes recruiting and retaining staff, and reducing bank and agency costs - key areas of focus in the Long Term Plan - easier to achieve.
Recruiting and retaining staff, and reducing bank and agency costs are key areas of focus in the Long Term Plan.
Being paid weekly, rather than monthly, is popular with employees as it gives them greater flexibility and control over their finances. Weekly payment is often one of the main reasons staff choose to work for agencies.
Weekly Payroll was implemented at Norfolk and Norwich University Hospitals Foundation Trust. Over 18 months, the number of bank hours work carried out by registered nurses almost doubled, at the same time that agency hours reduced. Indeed, the Trust's total spend on agency staff more than halved to £9.6 million in 2017/18.
"We regard our relationship with NHS SBS as a partnership - one where both parties have a common interest to improve services for our staff."
Ashley Judd, Deputy Director of Workforce, NNUH
- our Weekly Payroll service can reduce absenteeism, increase morale and generally improve employee wellbeing as it's often seen as an additional benefit.
Improved staff retention and reduced bank and agency costs
- more frequent pay can be an important incentive for employees to join, or remain with, NHS organisations. Hourly-paid staff particularly value the flexibility, especially if finances are tight.
- Weekly Payroll from NHS SBS could save your organisation up to 40%* on operational costs via automation efficiencies and transfer of responsibility savings.
Quick and easy set up
- no fuss set-up allows organisations to quickly realise the benefits of offering weekly pay to their employees.
To find out how our Weekly Payroll solution can support your organisation to achieve its Long Term Plan objectives, please contact us: email@example.com