I Have Payroll Problems!
Outsourced Payroll Processing
”Check, please.” It’s payday and your employees all have that same request. As much as our society increasingly embraces the belief that life is a shared journey, your people still insist on getting paid. It’s hard to believe that anyone would want more than the satisfaction of a job well done, but it’s true. Your employees want to get paid (on time!) and it’s your responsibility to see that happens with minimal hassle and roadblocks. Not convinced? Pay late or screw up their tax deductions. See what happens. Here are those and other underestimated potholes that lay in wait:
Data Entry – Calculating hours, paid time off, sick time, vacation time, direct deposit, benefit deductions (healthcare & 401K) and garnishments are a long short-list of stuff to keep on track.
Tax Filing – Yes, the taxes need to be paid and your employees count on you to make sure that happens precisely and in accordance with IRS regulations.
Reporting & Quality Control – Maintenance reports need to be managed and quality checks need to be done to ensure compliance in multiple areas.
Accounting – The money needs to be in the right accounts at the right time for both your employees and your company. Transferring funds efficiently is crucial.
Payroll problems are common and they aren’t going away by themselves. Payroll problems are also a key component of our TripleTracker HR Business Analysis. To learn more click here.
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