The answer is very important, as more than two-fifths (44%) of global employee respondents would consider leaving their job if they were paid incorrectly.
Global HR and payroll service provider SD Worx, who were the headline sponsor for our Future Focused Payroll Conference this year, surveyed 4,000 employees who work in organisations with between 10 and 10,000 employees in the UK, France, Austria, the Netherlands, Switzerland, and Germany, also found that 44% of global respondents have been paid late by their employer.
The research also found:
48% of global respondents who have been paid late have also been paid incorrectly. 79% of global respondents who have been paid incorrectly have identified the issue themselves. 61% of UK respondents have been paid incorrectly, compared to 55% of respondents based in the Netherlands. 55% of German respondents would consider leaving their job if paid incorrectly, compared to 41% of UK respondents, and 30% of French respondents. 55% of respondents based in the Netherlands have been paid late, compared to 46% of respondents who work in Germany. 93% of respondents based in Switzerland and 80% of respondents in the Netherlands believe that late payment has a slightly negative to highly negative impact on their perception of their employer. 61% of UK respondents attribute late payments to poor management, and 33% of global respondents cite financially unstable employers as the reason for being paid late.Jan Van Mol, head of global alliance at SD Worx, said: “The results of this survey are shocking in regards to the impact that payroll error has on employee engagement. An increasing number of employees are becoming actively disengaged in their workplace due to late or incorrect payments, something that employers need to fix to ensure that their employees have high morale and trust in the workplace.”
