Early wage access programs allow workers to gain access to wages before their company’s regular payday. These programs are great for helping employees make it from paycheck to paycheck, which in turn increases their productivity and reduces company turnover rates.
Errors and delays in payroll can be frustrating for everyone—payroll staff, HR, and the impacted employees. The problem can often be traced back to an inefficient, manual process or a payroll platform that doesn’t fully meet your needs for accuracy or integration. The good news: There are steps you can take to fix a broken payroll management system and keep your payroll processes humming.
Having an accurate count of employee hours enables you to manage what is likely your organization’s largest expense: payroll. Whether you’re managing nursing shifts in a healthcare organization or tracking employee working hours in a retail or manufacturing setting, time and attendance tracking impact the accuracy of your entire payroll function.
Getting payroll right is essential for delivering an exceptional employee experience and staying in compliance with tax and labor laws. Employees expect accuracy in pay, and when something goes wrong, they can lose faith in your ability to get it right or, worse, they experience financial hardship.
Effective payroll management requires making sure your employees receive correct payments, on time, and in compliance with applicable laws. However, without the right tools and resources, employee payroll can be a minefield for errors that can cost employees—and your company—time and money. Follow these tips to identify and avoid the most common payroll errors.
Payroll duties require careful strategy, teamwork, and execution. You have to deal with numbers and budgets and timesheets and government forms—this isn’t anything you want to screw up. As exciting as pay day is, it takes a lot of work to get there. As a payroll manager or accountant, you make it happen.
Following payroll best practices includes having a payroll process and putting together a payroll audit procedure to ensure that process is performing as it should.
You have to check (and recheck) that you cross your t’s and dot your i’s. Before we go through the steps of how to conduct a payroll audit, let’s talk about why you should do it in the first place.
In the market for a new payroll provider? Ready to move to the cloud?
You've got some research ahead of you. You'll want to choose the best payroll service for your company: one that fits your needs and your company culture. You want a payroll provider you can trust with confidential information and rely on for support. You want a payroll service that can streamline your efforts and deliver results.
Looking for top talent to fill your payroll manager role? You must create a job description that will attract the right candidates for the job. Managing a company’s payroll and everything that goes with it is a big job. You want someone who is reliable, trustworthy, detail-oriented, good with numbers—and people.
An integrated HR payroll system is a software solution that merges payroll and HR activities for maximum efficiency. By integrating all of your workforce management activities into one platform, you can say goodbye to spreadsheets and disconnected HR systems, and support your employees from hire to retirement.
