1.5 working days are wasted every week
Inefficient technology and processes result in wasted time. This matters. Because if back-office systems and processes are failing or hindering finance teams, then clients, workers and the industry at large risks losing out. The findings shine a light on some of the issues and solutions, against the backdrop of market trends and legislative changes in the recruitment industry today.
74% of payroll professionals lose at least 11 hours per week to inefficient tech or processes.
43% of companies struggle to pay 1.5 million temp workers on time due to inefficient technology.
57% would switch companies for better payroll technology.
63% of agencies reported a lack of streamlined payroll, timesheet, and payment systems.
59% say admin delays stem from a lack of payroll and banking system integration.
“The findings of our research are stark: payroll inefficiencies caused by technology and processes are not just a back-office inconvenience – they are a direct threat to productivity and talent retention.
“It’s not just the industry itself that is suffering: our vital temporary working economy is at increased risk of not being paid effectively and on time, which has a tangible impact on people’s lives.”
– Varun Monteiro, CEO at Finity
