Home topics small-business-resources Small Business Small Business Nearly half of small business employees have problems with their pay Loren Webb October 2, 2019 Recent Xero research has revealed that payday problems are widespread across Australia. 29 percent of small business employees have been paid late 43 percent of Australian workers have had mistakes in their pay, increasing to 49 percent for small business employees 45 percent have missed paying bills and mortgage repayments as a result of being paid late The Xero survey of more than 1,000 Australian workers, conducted in partnership with Dynata, found that 22 percent of all respondents had been paid late. This increased to 29 percent for those employed by small businesses. Of those who were paid late, 68 percent reported feeling stressed as a result, and 45 percent had missed payments for financial commitments such as household bills and mortgage repayments. While slightly more than two in five (43 per cent) felt less engaged and productive at work, and one in three (34 percent) considered leaving their job as a result of being paid late. Other key findings from the research included: 46 percent of all workers, and 54 percent of small business employees believe improvements could be made to payment processes The number one improvement sought is to be paid on time (25 percent) The most common payment errors are incorrect salary payments (24 percent), late salary payments (22 percent), underpayment of salary (22 percent), and overpayment of salary (10 percent). Matthew Prouse, Head
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