Payroll glitches frustrate your workers, create hassles for your HR team, and can cost you big time in unnecessary overpayment or penalties for compliance violations. In the past five years, business owners paid more than 1.2 billion in back wages due to payroll infractions.
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 things you can do to reduce payroll errors:
1. Automate Employee Time and Attendance
Manual payroll 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 CBIZ Time Solutions takes the human error out of the payroll equation.
2. Outsource Payroll
Take advantage of the know-how of a payroll service provider who has earned the trust of businesses in your industry. Outsourcing will reduce your audit liability substantially and streamline HR operations at your organization. Worried that your company 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 examine.
UPGRADE TODAY
CBIZ Time Solutions offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your supervisors, employees, and organizational processes.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile, and ApplicantStack. We’ve just added hiring, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB was developed for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and decrease labor costs.
How much can you save? Check our CBIZ Time Solutions ROI Calculator.
We can get you up and running with WorkforceHUB immediately. Contact us today to book a demo.
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