Bolton Wanderers fail to pay their players; what’s happening?
Recent news articles have reported details of Bolton Wanderers football club failing to pay their staff on time again in January, as the financial crisis persists at the Macron Stadium.
Earlier this week Wanderers appeared in the high court over a £2.2m unpaid tax bill to HM Revenue and Customs. Staff were paid on time in December but it is understood the money was not raised by the owner, Eddie Davies, who has withdrawn his financial support and is looking to sell.
Players did not receive their November wages, though, and only the sale of offices at the ground, combined with a contribution from the PFA, meant they were paid last month. This story comes as a timely reminder to employers that regardless or not of your financial stare, paying employees is one of your top legal obligations.
For many companies, when times are tough and when cash is short, it is tempting to try to save money by delaying payment to employees or not paying terminated employees. But if you have employees and they are on your payroll; you must pay them.
Pay is one of the most important factors in our working life. However it remains a sensitive subject and the way that it is handled can have a big impact on morale and productivity.
The challenge for most companies is to set consistent pay levels that give value for money while rewarding workers fairly. All employees are entitled to an individual written pay statement on or before the time they are paid. The statement must show gross pay and take-home pay, with amounts and reasons for all variable deductions.
Fixed deductions must also be shown, with detailed amounts and reasons. Alternatively, fixed deductions can be shown as a total sum, provided a written statement of these items is given to each employee in advance – or at the time of issue of the first pay statement showing the total sum. After this, a statement should be given at least once a year.
Selima’s first class managed payroll service ensure your employees are paid on time every time. With over 25 years experience processing payroll we are confident that our payroll service is suited to even the most complicated payroll requirements – any combination of pay frequency, spinal column points and multi role employees.
Our payroll team handles over £600m of salary payments each year with impeccable accuracy– so you can rest assured your payroll is in safe hands.