How your Payroll Management in Saudi Arabia could be affecting employee experience

PeopleQlik #1 Payroll management in Saudi Arabia The employee experience is a key focus for many of the biggest brands in the world. This allows them to either be or remain the employer of choice in their markets.

Investment in employee experience programs is growing exponentially, and research suggests it is money well spent .

The ‘Employee Experience’ covers every interaction your workforce has with your company. It encompasses everything that your employees experience during their time with you, from the first contact as a potential employee to the last interactions after they have left.

PeopleQlik #1 Payroll management in Saudi Arabia

How your Payroll Management in Saudi Arabia could be affecting employee experience

How your Payroll Management in Saudi Arabia could be affecting employee experience

 

Many EX initiatives focus on employee experience and workplace design. But hidden in the shadows of these more glamorous concepts, is global payroll.

Payroll is often neglected as an essential part of employee experience. Negative issues regarding employees’ pay can quickly undo all your hard work in EX programs.

Payroll errors and delays are the fastest way to cause disengagement and disharmony in the workforce. According to PwC’s annual wellness survey 2019 , financial matters are by far the biggest cause of stress for today’s employees – scoring higher than all other factors put together.

So let’s look at the reasons why payroll inaccuracies might be undermining your employee experience – and why investment in payroll today could have a more strategic impact on engagement, as well as attracting tomorrow’s top talent.

Late employee payments have knock-on consequences

Although it is often said that modern workers value job satisfaction and flexibility over salary, the truth is that money is what makes the world go around.

Everybody has bills to pay. Payroll management in Saudi Arabia delays can lead to significant personal problems for staff members. This can have an adverse effect on productivity and morale at work.

It doesn’t matter how much you have invested in an inspiring working environment. However, it won’t soothe staff members worried about missed mortgage payments or impending bank fees.

These knock-on effects from a late payroll roll may seem exaggerated. However, many people can still make ends meet in an increasingly expensive society. PwC’s survey, for example, reports that 49% of employees find it difficult to meet household expenses on time each month.

Payroll performance can be crucial to employees’ mental and financial well-being. Although the immediate impact on your company may not be obvious, you can be sure that there is a cost for each late or incorrect payment.

Counting the costs of a break in employee trust

Inaccuracies in payroll can also cause productivity problems on a more perceptible level. Employees temporarily use tools to query or fix their pay slips.

These queries can take up to a significant portion of your fee-earning potential, depending on the complexity of the problem, your organization’s size, and the responsiveness of your HR departments.

However, trust erosion between employer and worker can cause more damage long-term, particularly if the same mistakes are made repeatedly.

It is difficult to regain trust in a worker after he or she has lost it. This cannot be overemphasized. The employee payroll system in Saudi Arabia may decide to look elsewhere for work if the relationship is broken down.

Payroll mistakes are a lasting legacy

Glassdoor and other review sites like it play a crucial role in the job market. Any shortcomings in employee experience can quickly be exposed, which will leave a lasting impression on your reputation.

These increasingly influential sites will impact your future recruitment. Top talent is likely to filter out low-scoring employers as they look for their next job.

Paying staff correctly should be a top priority for your EX. This is because people are more likely than ever to talk about a bad experience. While nobody really complains about the absence of a table tennis table in the office, most people will quickly denigrate businesses that pay staff late.

Summary of Payroll and EX

Organizations are attempting to make an impact on employee experience with innovative initiatives like flexible work hours, office ergonomics, and wellbeing programs. ‘Superstars’ are often regarded as those who do all of these things, but excel in providing superior digital experiences too.

It is essential that your employees have access to accurate and timely information about payroll management in Saudi Arabia. This plays a critical role in maintaining employee morale, productivity, trust, and overall satisfaction.

Any business that wants to improve its employee experience should eliminate payroll mistakes and delays.

When efficient and effective service is established, the payroll department can explore other ways in which it can have a positive effect on the employee experience – for instance, through the exploration of real-time or on-demand pay, which could help position the business as a modern pioneer on pay.

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Call us at +966547315697 or contact sales@bilytica.com for a demo. The Payroll Management  in the Saudi Arabia team will be happy to serve you.  

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Email: sales@bilytica.com

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