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Why a Managed Payroll Service is a Smart Move for Academy Trusts and Schools

11th September 2024

Article

Why a Managed Payroll Service is a Smart Move for Academy Trusts and Schools

Managing payroll for a school or academy trust can be incredibly challenging—with changing regulations, varying employee contracts, and pension schemes, keeping everything on track can quickly become overwhelming. A managed payroll service is an effective solution that allows schools to streamline their administrative processes.

Here are five key benefits of a managed payroll service for academy trusts and schools:

  1. Save Time and Boost Efficiency

Handling payroll internally can be time-consuming, especially for multi-academy trusts where multiple schools need to be managed. A managed payroll service eliminates the need for staff to spend hours managing payslips, deductions, and pension contributions. Instead, those hours can be redirected to support, teachers, and key school initiatives.

  1. Ensure Compliance with Payroll and Tax Regulations

Education sector payroll is subject to complex and frequently changing laws. From tax codes to pension requirements like the Teachers' Pension Scheme (TPS), there’s a lot to keep track of. A payroll provider like EduPeople ensures full compliance with the latest regulations, helping you avoid costly mistakes and penalties.

  1. Cut Costs and Streamline Administration

Managing payroll in-house requires training, and sometimes even dedicated staff. By choosing a managed service, you cut these costs while still maintaining high standards. Plus, you’ll have an all-in-one solution that covers everything from salary calculations to tax filings.

  1. Increase Accuracy and Security

Payroll errors can lead to dissatisfaction, delays, and even financial penalties. A managed payroll service ensures a high level of accuracy, reducing the risk of mistakes. Additionally, providers like EduPeople offer robust security measures to protect sensitive employee data, reducing the risk of breaches.

  1. Access to Dedicated Expertise

When you choose a managed payroll service, you gain access to a team of experts who understand the intricacies of payroll management in the education sector. At EduPeople, we provide ongoing support, so you always have access to guidance tailored to your specific needs—whether you're managing payroll for a single school or a large trust.

Outsourcing payroll offers significant advantages for academy trusts and schools, from saving time and money to ensuring compliance and accuracy. It’s a smart choice to enhance administrative efficiency and provide better service to their staff.

How Strictly Education can help...

EduPeople is an HR and payroll system and service for schools and academy trusts. Our platform ensures compliance, accuracy, and efficiency, allowing you to focus on what matters most—education. Get in touch on 0330 123 2549 or at enquire@strictlyeducation.co.uk we are happy to answer your questions.