Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |47% of workers have had a late or incorrect wage on pay day, research suggests

Latest news

Browse by category
Business News

47% of workers have had a late or incorrect wage on pay day, research suggests

April 28 2023

Research carried out by payment solution provider Caxton has suggested that 47% of UK workers have had a late or incorrect wage paid into their bank account on pay day.

33% of workers polled said that a late or incorrect wage would affect their ability to pay bills, and 32% stated that they wouldn't be able to pay their mortgage on time.

35% said that they feel more stressed and anxious as a result of being paid late or incorrectly, and 30% believe it would take a toll on their mental health. 23% said they wouldn't be able to afford food for themselves if they were paid incorrectly or late.

Rupert Lee-Browne, CEO of Caxton, said: 'These results demonstrate that for many employees across the country pay day is an outdated process for so many businesses. This is causing huge stress and anxiety to their most important assets, people.

'Whilst many other departments within business have seen huge digital and technology transformation, more recently heavily driven by the pandemic, the payroll function has often been left behind.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.