What Steps Can I Take to Speed Up Payroll?

What Steps Can I Take to Speed Up Payroll?

Is payroll eating up too much of your time? Integrating payroll and employee timekeeping makes payroll a whole lot easier. It also makes life easier for your employees, managers, and HR team. Today’s message is for businesses that have separate payroll and employee time and attendance systems.

What’s so bad about separate platforms?

If your systems are separate, you are duplicating work. And if someone is doing manual data entry, mistakes are sneaking through. This real life example explains why payroll can take so long:

“Every 2 weeks, I run payroll for 200 employees. 39 of them are salaried, and about 50 of the hourly employees work in 24-hour programs. I copy each employee’s regular and OT hours from the software into an Excel spreadsheet. Without breaks or interruptions, this process would take about six hours. I’ve never done it in less than eight. It’s exhaustive and exhausting.”

Why is manual entry a problem?

As described in the story, the poor payroll manager has hours of tedious data entry. The hours must match up with the correct employee. He could mistakenly enter an extra number, omit a digit, or transpose two digits.

There is little chance that all that manual entry is flawless. A conservative estimate of the error rate would be 2%. For 200 employees, that means four employees could get an incorrect paycheck. If you pay your workforce two times per month, this amounts to 96 incorrect paychecks annually.

When a number is off, it starts a chain reaction of problems…

If you pay your team members by the hour, your payroll is based on the hours entered. Either you short that employee or pay too much. If the employee hours are wrong, the paycheck amount is wrong. If the paycheck has an incorrect amount, the withholdings are wrong. This could be due to inaccurate clock ins or corruption during the manual import.

Using paper time cards provides more opportunity for error. An employee can enter an incorrect shift start time. The staff member could do a math error when totaling hours. The manager who approves it could misread the handwriting. If the hours are off, accruals follow suit. Employees might not earn vacation time or sick days that they are rightfully due.

It doesn’t end there. If the deductions are wrong, the employer portion of the taxes is wrong.

You are probably thinking: “What is a better way?”

You need automated time tracking that syncs to payroll. Your error rate will fall dramatically. A biometric time clock synced to an advanced employee time and attendance system is the best way to go.

Here’s how it works:

It all starts with tracking staff member time. Recording time and attendance automatically is the first step for better payroll. A biometric time clock is the best way to ensure that punches are accurate. It’s virtually impossible to fake a biological identifier to buddy clock for another employee.

“What if not all of my employees are onsite?”

If you have mobile staff members, they will need another clock in method. TimeWorks Mobile with GPS records the geographic location when an employee clocks in on the web portal. This is not as fraud-proof as a biometric clock. But it beats taking their word for it.

It’s not just time theft that can mess up payroll…

A biometric clock and automated employee timekeeping lets you enforce schedules and set overtime alerts. Some biometric clocks have tools that present staff members with logical prompts so they don’t make common punch mistakes. Make sure your time and attendance system has a mobile app for offsite punches.

Payroll Partners can help you speed up payroll. For more information, call us at 817 226-8111.

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Payroll Partners offers Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your managers, employees, and business.

Workforce Management Suite includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is established for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.

How much can you save? Check our Payroll Partners ROI Calculator.

We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.