06 Nov Too Many Payroll Errors?
Payroll glitches frustrate your workers, create hassles for your HR team, and can cost you money in unnecessary overpayment or penalties for compliance violations. In the past five years, employers paid more than 1.2 billion in back wages due to payroll violations.
Today’s post is for SMB owners who are presently handling payroll in-house and want to increase the accuracy of their practices.
The two most important changes you can make to reduce payroll errors:
Automate Employee Time and Attendance
Pen, paper, and calculator processes continually present opportunities for inaccuracies—missed punches, deliberate time theft, unwitting miscalculations, failure to withhold the proper amounts, inaccurate PTO tracking, and data entry mistakes. But accuracy is not the only benefit of automation. It also saves time (and money) by allowing your HR team to be more productive. Workforce Management Suite from Payroll Partners takes the human error out of the payroll equation.
Outsource Payroll
Take advantage of the proficiency of a payroll service provider who has earned the trust of organizations in your industry. Outsourcing will reduce your audit liability substantially and simplify HR operations at your organization. Worried that your organization can’t afford to outsource payroll? Consider the big picture. If you are currently cutting checks for staff members, computing withholding amounts, reconciling data, filing the needed tax forms, and tracking PTO and overtime, how much time does this take you? What is that time worth?
Perhaps you have an HR manager handling all things payroll. How much do you pay her/him? Is this person a payroll specialist? Does she/he vigilantly keep up with all changes to the myriad laws that impact your company? Do you have an effective document management system at your organization? These are vital questions for all business owners to consider.
Contact us to UPGRADE TODAY
Payroll Partners offers Workforce Management Suite, a unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and business.
Our Workforce Management Suite includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile and more. We’ve just added recruitment, onboarding, benefits enrollment, performance reviews, and employee engagement! The Workforce Management Suite is developed for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and reduce labor costs.
We can get you up and running with the Workforce Management Suite in minutes. Contact us today at 1-866-757-8111 toll free to schedule a demo.
Original content by Swipeclock. This information is provided with the understanding that Payroll Partners is not rendering legal, human resources, or other professional advice or service. Professional advice on specific issues should be sought from a lawyer, HR consultant or other professional.