HR Payment Practices Show Near Stagnation: 2022 Score of 80.1 Falls to 80.0 in 2023

The Comparison

• 2022: A sample of 109 companies yielded an average payment practices score of 80.1 out of 100.
• 2023: The average score from 108 companies dipped very slightly to 80.0 out of 100.

What This Means

The negligible 0.1-point decline in average payment practice scores within the HR sector between 2022 and 2023 suggests a period of relative stability, rather than significant improvement or deterioration. With a score around 80/100, the sector is demonstrating neither outstanding nor alarming payment behaviour. It is important to consider the impact of late payments and their effect on suppliers, which can be calculated using a late payment calculator.

HR payment practices show very little change year on year, with the 2023 average score just 0.1 points lower than 2022.