Hospitality Payroll Services London
Timesheets, preparation of pay slips, payment of salaries, superannuation, non standard working hours, hospitality payroll is a time consuming activity that is critical to get right but easy to get wrong. Our goal is to processes your payroll accurately and on time whilst providing a cost saving service that keeps you compliant with all relevant legislation.
Hospitality payroll requires constant management
The nature of the hospitality industry means businesses need to adapt and respond to customer demand as it happens. This constant change presents a unique set of payroll challenges as you manage various different employee considerations such as:
- Zero-hour contracts
- Changing hours worked per week
- High staff turnover
- Seasonal staffing
- Minimum wage changes
- Wide age ranges leading to different tax, NI, and pension requirements
- On call staff
- Multiple premises
- Changing regulations and requirements
With so many aspects that can not only change seasonally but also daily, it can be easy for errors to creep in leading to underpayment, overpayment and critically non-compliance.
Payroll is its own skill set
Regardless of how many employees you have, payroll takes a certain amount of knowledge and time to keep it running smoothly. Almost counter intuitively, the more employees you have the easier it can seem to manage.
This is because payroll is heavily regulated to protect both you and your employees. These regulations mean you must set aside a considerable amount of time to learn, understand, and keep up to date.
Add to this that while there are regular times of year that the regulations are reviewed, it can be possible for them to change at any time. The result is you must always ensure you regularly check for updates.
With these ever-changing responsibilities it can cause anxiety and stress as you worry if you are doing everything you are supposed to be doing.
What does Wagemate provide?
Wagemate provides as much or as little as you need for your business. We will tailor our services to your business and can provide:
- Payslip processing
- BACs payments
- Custom reports
- Process to deal with employee queries
- Auto-enrolment Pensions
- Real Time Information (RTI) filing to HMRC including end of year
- Dealing with HMRC and Pension Regulator queries
- P45s, P60s, P11s or any other documents required by HMRC
We do not expect you to know which of our services you need so for every business that contacts us, we take the time to understand their business, assess their needs and make recommendations from our full suite of services.