Publish Date
Jul 25, 2022
A&M Tax Advisor Update
With more news hitting the headlines of employers failing to deliver employee pay, there can never be a more critical time to maintain and sustain business processes and governance over payroll. Ensuring payment is right and on time, remains the payroll mantra. Its why most people go to work. Employers will be keen to head off unnecessary tension and worry from their employees. With the escalating cost of living crisis backdrop, the recent headlines will have spooked many. Is your team ready for an increase in queries? Are you confident you could deliver pay in a cyber attack? Can you confidently tell stakeholders it cannot happen to you? At A&M we have a wealth of experience and knowledge when it comes to pay and benefits. At any point in the process, we can help.
Some of the themes we see daily, from the HR and payroll landscape becoming more intricate, are:
With complexity and making changes to business systems, even the best laid plans come with risk. Be it small or large scale investment in HR/payroll digital transformations, these may struggle to meet all objectives without strong scoping, contingency planning and clear communications. Trust can be quickly lost where employees’ pay and benefits are not delivered correctly. In consequence employers and their service providers will face the daunting task of trying to remediate pay whilst also delivering “business as usual”. Building trust back may never be achievable.
If you would like to discuss your HR/Payroll landscape please contact Louise Jenkins, Tracey Norton, Kathy Lloyd, or your usual A&M point of contact.
Additional A&M Service Offerings:
Private Equity Services
Restructuring & Turnaround
Corporate Performance Improvement
https://www.alvarezandmarsal.com/insights/demands-and-dynamics-payroll
