Types of ePayslips - which one are you using?

The latest issue of the CIPP magazine Professional in Payroll, Pensions and Reward focused on the ever-present issue of delivering payslips online and featured an article on the different types of epayslips.

In the December issue of the magazine our very own Paul Gibbons MCIPPdip examined the three main types of ePayslips, and how the delivery of electronic payslips is changing in the wake of new digital innovation and services. We've provided a short summary below.

Three wise men... types of epayslips

(Our marketing team would like to apologise for the horrendous Christmas pun.)

Emailed PDF Payslips

A simple solution where a PDF payslip is auto-emailed to employees each month. However, with the security of email communication always in question, particularly in light of the GDPR changes coming into play in 2018, the future of this format hangs in the balance. (We looked at this in a previous blog post, read it here). Emailed payslips are also costlier than you would think. Read our report to find out why.

Portal PDF Payslips

A more secure solution than email, PDF portals have become more popular with businesses in the last few years. Password protection, secure cloud-based hosting, and easy access makes portals a winner ‒ although the format of the payslip as a simple PDF still offers little to the employee other than a pay statement. We've found 4 common problems with PDF payslip portals that you can read more about here.

Digital Payslips

The next step in the evolution of the payslip. Rather than flat PDFs (which are essentially just images of a payslip), some providers such as PayDashboard are now offering payslips in a digital format via an online portal, offering a plethora of additional features alongside this that are just not possible with a PDF and offer a much enhanced experience for the end user ‒ the employee. Read more about the future of the payslip here.

The world is moving online

In 2009, the CIPP payslip survey showed that around 25% of respondents produced payslips in an electronic format. Fast-forward to the 2016 results and that number had more than doubled to 58%. The growth in this area is undeniable. What this research doesn’t yet show us is how that 58% was spread across the three categories of electronic payslips above. It would be interesting to start tracking this in order to see not only the move from paper to electronic, but the subsequent shift from electronic to digital.

Read the full CIPP magazine online here

Are you reviewing your payslip delivery options?

Contact PayDashboard for a demo of how digital payslips will benefit your business and your employees.