Why choose Novelle Group as your payroll provider?
First and foremost, we are committed to providing customised payroll solutions that meet your unique business needs with personalised customer service. Our team of experts takes the time to understand your business and tailor our services to fit your requirements. We also pride ourselves on our industry expertise and our ability to stay up-to-date with the latest legislation and trends. We believe in transparency, and our partners provide accurate and reliable reporting, so you always have a clear picture of your payroll data. Our partners offer competitive pricing and flexible payment options, ensuring that you get the most value for your investment. When you partner with Novelle Group, you can expect exceptional service, expertise and efficiency.
Here are a few other reasons why to chose us for Management payroll services:
- A simple process that is quick and efficient. Provide us with timesheets, our partners send the invoice, make payment and that’s it done.
- Our partners will handle all tax calculations and legislation changes on your behalf, leaving you time to concentrate on other aspects of your business whilst we deal with the admin.
- Same Day Faster payments are processed as standard so workers are paid on time without delay.
- Our partners offer a full compliance health check and also offer continued regulation support.
To get started, contact our team of experts.
What are the benefits of Managed payroll?
There are several benefits to choosing Managed as the payroll model for your business, they include:
- Reducing employment costs – NI not charged to the business
- Outsourcing admin saving your business time and money
- Contractual and legal obligations passed on to the Management company ensuring your compliance with regulation
- Insurance cover as many Management companies will also include some level of insurance in their packages
- Flexibility for you and your workers as Management companies will be used to working with workers on both long and short term contacts
Who uses Managed Payroll?
Managed payroll models are typically used by agencies, especially those in the recruitment sector. However, lots of sectors and businesses can utilise Managed payroll to save money and time.
The process of using the Managed payroll model is quite straightforward. An agency sets up a contract with the Management company that outlines the areas the Management company is responsible for. These responsibilities will include employing workers and paying their wages in line with all relevant information and legislation as well as then invoicing the agency for the time each worker has worked.
How do workers get paid if I use Managed payroll?
You pay the Management company the assignment rate and then the Management company will make several deductions to work out the worker’s gross pay. The breakdown of the deductions can be found on the reconciliation statement and will usually include:
- Management company operating costs, also known as margin
- Employer National Insurance contribution
- Employee workplace pension contribution
- Holiday pay
- Apprenticeship levy where applicable
It is the responsibility of the Management company to ensure workers are paid correctly and on time.
If you’d like to learn more about our Managed Payroll services, please contact our friendly team who will be happy to help.
What employment rights does a worker have if I use the Managed payroll model?
It is important to note that a worker has the same rights as an employee when being paid through an Management company. These rights include:
- An employment contract
- Be paid national minimum wage or national living wage on time and in full, terms should be agreed by all parties in the key information document
- A holiday entitlement and paid holiday
You can view your payslips in our online portal. When you are registered with us to be paid you will receive login details to the portal where you can view your payslips.
You can apply for a share code online. The share code is valid for 90 days.
A share code obtained for a different purpose, such as to demonstrate your right to rent, cannot be used to demonstrate your right to work. You will need one of the following to get a share code:
- your biometric residence permit number
- your biometric residence card number
- your passport or national identity card
Once you have your share code you can share it with your employer who can check your right to work using the code and your date of birth on the government website.
A share code is a 9-digit code made up of letters and numbers that proves a worker’s right to work in the UK.
There are multiple documents that are accepted as proof of your right to work in the UK, for the full list of accepted documents please visit Citizens Advice.
Here are some of the forms of ID that are accepted:
Valid forms of ID:
- Birth Certificate
- Passport
- Driving Licence/Provisional
If not a British Citizen:
- Passport
- Driving Licence/Provisional
- Biometric Residence Permit/Card (front and back)
- ID Card (front and back)
There are lots of things to consider before signing up to a payroll agency and with so many to choose from it can be difficult to know where to start. Some key aspects to consider are reputation, accreditations and customer service agreements. For further information on what to consider when selecting a payroll agency, read our blog.
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