Payslip Audits with SafeRec - Supply chain transparency
We have always operated at the low-risk end of the compliance spectrum and pursued the main, industry leading Umbrella industry accreditations over recent years.
The most recognised of these ‘badges’ are Professional Passport and FCSA, both who have an audit process on compliant pay models and both who we are proud to be aligned to. However, the regrettable payslip ‘skimming’ scandal of 2022 showed that there was a gap in audit processes if certain providers wished to hide ‘additional costs’ on payslips.
The solution? SafeRec
We have now partnered with SafeRec who can provide the ‘missing link’ of full payslip transparency alongside our other compliance audits, plus they also offer their own additional due diligence throughWTT Group’s tax and legal services.
Digital Benefits
- We have the integration – the good news is our cloud-based payroll software shares an API link with SafeRec for direct access.
- The tech – Current AI technology then reads all pay elements on a payslip / remittance to check payments and deduction transparency.
- Reporting – the audit report is then produced to give a full breakdown for the whole contract chain to have clarity on workers payments.
Fully automated
No manual process involved, which means super-quick results hassle-free.
How it works
- A full audit of the payslip means every calculation on the payslip is checked.
- Cross-reference with the assignment rate to ensure that the full rate is converted to pay.
- There is further cross-reference with HMRC to ensure that the right amount of NIC and Income tax has been paid.
- We can provide this as part of our standard service to all clients
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