[UK] 47% of employees have been affected by payroll errors

New research has revealed that 47 per cent of UK employees have been paid late or incorrectly. And, of these, 11 per cent have waited over a month to receive the wages owed, Wales Online reports.

A further 13 per cent were forced to wait until their next paycheck for payroll errors to be rectified.

The research by Caxton shows that employees would need to be owed £327.50 before speaking out about the shortfall. However, 14 per cent admitted that they care less about the quality of their work when their employers owe them money.

Being paid late or inaccurately could reportedly push many individuals into risky situations. Seventeen per cent of respondents said they would have to pay for everything on credit, 29 per cent would sink deep into their overdrafts and close to a third (32 per cent) would be unable to pay their mortgage or rent.

Rupert Lee-Browne - Caxton Founder & CEO - said, “It is truly awful that 29 per cent of those surveyed currently can’t sleep with worry. It is obvious to me that in order to get the best out of your staff, you must always seek to empower them."

In addition, the data reportedly showed 9 per cent of employees’ alcohol intake has increased as a way to cope with stress. And more than 1 in 20 (6 per cent) have thought about resorting to illegal ways of making money.

Source: Wales Online

(Link and quote via original reporting)

New research has revealed that 47 per cent of UK employees have been paid late or incorrectly. And, of these, 11 per cent have waited over a month to receive the wages owed, Wales Online reports.

A further 13 per cent were forced to wait until their next paycheck for payroll errors to be rectified.

The research by Caxton shows that employees would need to be owed £327.50 before speaking out about the shortfall. However, 14 per cent admitted that they care less about the quality of their work when their employers owe them money.

Being paid late or inaccurately could reportedly push many individuals into risky situations. Seventeen per cent of respondents said they would have to pay for everything on credit, 29 per cent would sink deep into their overdrafts and close to a third (32 per cent) would be unable to pay their mortgage or rent.

Rupert Lee-Browne - Caxton Founder & CEO - said, “It is truly awful that 29 per cent of those surveyed currently can’t sleep with worry. It is obvious to me that in order to get the best out of your staff, you must always seek to empower them."

In addition, the data reportedly showed 9 per cent of employees’ alcohol intake has increased as a way to cope with stress. And more than 1 in 20 (6 per cent) have thought about resorting to illegal ways of making money.

Source: Wales Online

(Link and quote via original reporting)