Payroll is often a component which small businesses don’t pay enough attention to. It is kind of a necessary evil that companies have to deal with but not a subject that most get at all excited about.
It just so happens that we love working on your payroll, so give it over, we will take care of your payroll, and we will do a great job.
My partners have years of accounting experience under their belts, and I personally have a strong background in payroll processing. I was looking for something to start the year off for my blog, and I thought, maybe I know too much about payroll and I am assuming everyone else knows the same information I do. While chatting with a prospective client the other day, I found that is just not the case. Others, who don’t make payroll their primary vocation actually know very little about the payroll process.
From HR Voice.com, here is an excerpt of some very pertinent information about how payroll should work in house,:
” By Amber Blaha
Effective payroll processing isn’t just an essential business function. It also plays a key role in maintaining a high level of employee satisfaction. Employees depend on getting paid promptly and consistently with the correct amount. A payroll process that’s slow, prone to errors or overly complicated can result in a strained relationship between an employer and workers and unnecessarily tax the time of the HR team.
Payroll activities are said to account for as much as 35 per cent of an average HR department’s time. To make the most of this time and to prevent or minimize errors, here are four payroll processing best practices to institute in your business:
1. Conduct regular, ongoing audits.
Frequent employee complaints about payroll are signals you should be conducting regular audits of the entire process. The best way to isolate and identify an issue is through a comprehensive workflow analysis, itemizing each step of the process from beginning to end.
Obviously, a company that still makes use of a manual timecard system should expect employees will enter incorrect information on occasion. But automated systems aren’t immune to mistakes, either. These include incorrectly classifying a new employee’s tax status or forgetting to adjust pay rates after an employee is given a raise.”
To read more, head over to their website. If you really want to have professional payroll services without all the staffing and the cost, give us a try at Complete Employee Solutions this year.!!