Financial wellbeing | 1 in 5 Brits quit their job over poor payroll

One in five (21%) Brits have quit their job over poor payroll experiences, new research has found.

The study, commissioned by Zellis and carried by an independent research firm, revealed that the main reasons for employees switching roles was due to late or inaccurate pay from their employer. When the figures were scaled up to a national level, this equated to almost seven million employees who were affected by poor payroll processes.

The survey of 2,000 UK employees found that 60% of workers identified mistakes on their payslips while 39% said that they had been paid late. This left some employees feeling as though their employer wasn’t bothered about their financial wellbeing (48%) and this hampered their productivity whilst at work (25%).

As a result of these late payments, 37% of employees recalled missing payments on their debit cards, while 31% were forced into their overdrafts and 26% incurred unnecessary bank charges. So, it severely impacted their financial wellbeing.