Payroll errors frustrate your personnel, 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 improve the accuracy of their methods.
The two most important things you can do to reduce payroll errors:
1. 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, innacurate 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 Solutions takes the human error out of the payroll equation.
2. Outsource Payroll
Take advantage of the expertise of a payroll service provider who has earned the trust of companies in your industry. Outsourcing will reduce your audit liability considerably 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 affect your organization? Do you have an effective document management system at your organization? These are vital questions for all business owners to consider.
Payroll Solutions offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your supervisors, employees, and company workflows.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile, and ApplicantStack. We’ve just added hiring, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB was designed for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and shrink labor costs.
How much can you save? Check our Payroll Solutions ROI Calculator.
We can get you up and running with WorkforceHUB immediately. Contact us today to schedule a demo.
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