Fourth celebrates 10th year in a row Payroll Assurance Scheme accreditation
By Here at Fourth, we recently celebrated the renewal of our Payroll Assurance Scheme accreditation by The Chartered Institute of Payroll Professionals, marking our tenth year in a row!
Our team works hard to implement best practice within our payroll processes all year round, and it’s an honour to be recognised with what is considered to be the gold standard within the payroll industry.
The Payroll Assurance Scheme is the only voluntary accreditation to be developed in partnership with HMRC, and it is designed to identify risks to a business arising from skills gaps or inadequate processes.
This accreditation reinforces our dedication to compliance, providing our customers with robust and reliable practices. Our payroll team strives to continually develop our processes in order to deliver the highest-quality service. We also cater to businesses of all sizes, with payrolls ranging from one employee to over 18,000.
Fourth’s trusted payroll solution ensures staff are being paid accurately and on time, delivering faster processing times and reducing admin. We also provide earned wage access to Fourth customers, giving employees power over when they get paid with the flexibility to draw down on earned wages to cover unexpected or short-term financial commitments. This boosts staff morale and productivity and ultimately helps to drive business efficiencies.
For instance, 76% of employees who use Fourth Wagestream feel less distracted at work by financial stress, and the number of hours worked can also increase by an average of 22% as users have a stronger link between their work and what they earn, and so take on more hours.
Get in touch with our team today for more information on how Fourth’s accredited payroll solutions can support your business.