Nearly all (94 per cent) Canadian employees say they’d look for a new job if their pay was regularly delayed, according to a new survey by the National Payroll Institute.
The survey, which polled more than 1,500 workers, found 91 per cent agreed they’d look for a new job if their pay was regularly inaccurate. If their pay was regularly disrupted or inaccurate, respondents said they’d trust their employer less (64 per cent), caution others about joining the company (59 per cent) and have concerns about how much their employer values them (51 per cent).
Respondents who have experienced payroll mistakes or delays in the past reported unease about their ability to manage expenses (38 per cent), feeling unappreciated by their employer (38 per cent) and a strain on workplace relationships (29 per cent), as well as negative mental-health impacts (27 per cent) and a lack of productivity or disengagement at work (26 per cent).
“It’s clear that payroll is at the core of business operations and is the foundation on which employee relationships, engagement and productivity are built,” said Peter Tzanetakis, the NPI’s president, in a press release.
“In an environment where employers are jumping through incredible hoops to elevate their brand and show candidates they are a great place to work, it’s a missed opportunity to not proudly talk about the effort that goes into an organization’s payroll practices.”