You’ve Got To Get Payroll Right
If you are a business owner, you are probably busy 24/7 and can’t always give each necessary task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. Workforce Management Suite has convenient, powerful tools to help you avoid these common payroll mistakes.
1. Inaccurate Time Cards
Manual timekeeping systems that call for employees to log hours on a paper timesheet are prone to errors that are both willful and accidental. Employees often record their prescribed shift start time even when arriving late and do the opposite when leaving early. Even your most ethical staff member can have trouble accurately recalling hours when filling out a time card several days afterward. Inaccurate timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).
TimeWorksTouch tracks employee time to the minute to be certain that you only pay staff members for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can protect you in case of a DOL dispute.
2. Misclassifying Employees
Employee classification influences benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are at risk of state and federal penalties and should consult the comprehensive DOL guidance on the issue.
Workforce Management Suite allows you to customize the job codes for your business to help you stay in compliance and develop efficient scheduling strategies to keep your labor expenses as low as possible.
3. Failing to Pay Payroll Taxes
Small business owners may wrongly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT delay paying your payroll taxes as a stopgap measure.
Meeting all of your employer tax commitments is challenging without accurate time and attendance data for each pay period. Workforce Management Suite automatically collects, calculates, verifies, and submits the critical information to your payroll provider.
Payroll Solutions serves many companies like yours and can help you avoid these dangerous pitfalls with the experience and know-how you can rely on. Call us today at 608-837-2590.
UPGRADE TODAY
Payroll Solutions offers WorkforceHUB, the unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and company.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.
How much can you save? Check our Payroll Solutions ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to book a demo.
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