Sharing two of the latest employee finance updates, alongside some extra tips…
1) Employee finance: the ignored payslip!
Our first article reveals that almost 1/3 of UK employees are failing to check their payslip on a regular basis. Yet 15% of people are concerned that their payslips aren’t accurate.
Perhaps most amusingly, finance and accounting professionals are some of the least likely to review the accuracy of their monthly income (41%)! ‘Media, marketing and sales’ employees, however, top this list (47%), followed by those working in education (42%).
Employees may want to rethink their approach, as the feature also cites a number of high-level payouts as a result of payroll errors.
TIP: as the article suggests, one of the main reasons that people fail to read their payslip is because it doesn’t make too much sense to them in the first place (finance professionals aside, hopefully)! Make sure you know what’s on your slip and how much tax you should be paying with the help of this post.
2) Employee finance: avoiding festive debt
The second employee finance feature raises the topic of how to avoid debt this Christmas. An important topic to consider…even though we weren’t planning to discuss the festive season just yet!
Most people are said to be spending around £567 this Christmas, with 46% covering these costs through the use of ‘credit cards, store cards and overdrafts’.
We’ll leave you to read the advice in full. Many of the tips are somewhat straightforward, yet may serve as good as reminders. Also, there are some excellent nuggets within – including where to find a 2019 Christmas budget planner and who to speak to for further advice if you’ve already taken out a high-interest loan (AKA ‘payday’ loan).
TIP: if you have some time to spare this festive season, why not submit your CV for some temporary work? Many offices are looking for people to provide extra support and/or cover for annual leave or Christmas parties. You’ll find a list of current temporary openings on our site. Please note: due to the nature of temporary work, many vacancies are swiftly filled. Even if you can’t see relevant openings listed, it’s worth submitting your CV alongside an overview of your availability.