HR Payment Practices Show a Modest Improvement: Average Score Rises by 4.9 Points

The Comparison

• 2020: 93 companies assessed, achieving an average payment practices score of 77.9 out of 100.
• 2021: 104 companies assessed, achieving an average payment practices score of 82.8 out of 100.

What This Means

The increase from 77.9 to 82.8 suggests a slight improvement in how Human Resources departments managed their payment procedures year-on-year, with a larger sample size. However, the jump of just 4.9 points across a 100-point scale indicates that significant challenges in payment practices persist within the HR sector. Companies still struggling with on-time payments can use this late payment calculator to understand the cost of delayed payments.

HR payment practices modestly improved, with the average score increasing from 77.9 (93 companies) in 2020 to 82.8 (104 companies) in 2021.