Do you love payroll processing? (Yes, we used the term “love,” because anything less and it’s time to rethink that system.) Truth be told, if running payroll is running your life instead of making it easier, than it’s time to make a switch.
Payroll processing has come a long way from just doling out checks to employees. It’s become an integral part of a larger HCM process that drives critical decision-making and bolsters business objectives. And while the thought of payroll carrying its share of the weight may seem daunting, today’s payroll processing is intelligent, streamlined, and downright independent. (Now what’s not to love about that!)
Top 5 Ways to Make Payroll Processing Pay Off for Your Business
1) FREE TIME
Let’s start by stating the obvious – there are only 24 hours in a day. And it’s a good bet that hours currently spent on antiquated payroll tasks leave little room for other responsibilities. But, what if that wasn’t the case? The right payroll system can literally save you time and put hours back in your day. With a simple, one-click integrated processing system you enter data once and pre-populate an entire HCM solution. You schedule and automate payroll runs, pass information from one system to the next for deductions and compliance, and set up workflow alerts for timely completion of tasks. Point is, your payroll system can be fast and easy, and pay you back – in time.
2) SHOW ME THE ROI
…And speaking of payback. Innovative payroll processing does not need to be a budget buster. On the contrary, it should work to your advantage by working out to cost less in the long run. The best payroll partner is just that, a partner. Someone that will help you evaluate exactly what you need, and provide a customized HCM solution that doesn’t include paying for the bells and whistles that you’ll never use. Or, maybe you will use them, just not yet. However, smart spending on payroll means budgeting for the capabilities you need now. All those extras that are available when you need them as your business develops will be useful – but make sure they are kept waiting in the wings free of charge.
3) THE BIGGER PICTURE
And when somewhere down the road becomes the here and now… Stagnancy is never a good look on a business. Which is why successful companies keep moving forward, keep progressing towards a bigger, more evolved goal. And guess what? So, should your payroll system. Whether you’re a startup or well established firm, your payroll needs are likely to transform. To keep pace with innovation, flexible, adaptive technology should be in place to handle change. The last thing you want is to partner with a brand-spanking shiny new payroll system only to have it become obsolete after only a year or two. For payroll processing to truly pay off, you need an intuitive system that can will provide the longevity to go the distance, grow with your company, and evolve with your business objectives.
4) DIAL UP
In this the digital age of connectivity and accessibility, it may seem provincial (and ironic) that we’re referring to “dial up.” However, this lost art of customer service is one very valuable commodity when providing the best HCM solutions. Running payroll can be simple. But, even effortless tasks are subject to uncertainties (ie. legislative changes or new compliance). When questions arise, flipping through a laundry list of FAQs online or submitting a ticket to an offshore help desk will only belabor the issue and cause a bottleneck in your delicate HR eco-system. What you need is good old-fashioned client support. The kind that comes from calling a dedicated service rep that gives you answers and points you in the right direction. A payroll person for your payroll people. That’s a partnership that pays off.
5) THE BEEN THERE, DONE THAT FOLKS
…and while we’re about “payroll people.” Questioning the integrity of new up and comers in the payroll industry has been a hot button topic in HR. Good intentions maybe, but the lack of reliability and concern over compliance have many wondering just who is at the helm of these online payroll platforms. What these tech companies boast in programming they unfortunately lack in expertise. Buyer beware (especially if you’re planning on making a long-term investment). To get the most from a payroll provider you’ll want to make sure the top technology is backed by the best minds in the industry – the HR industry. People that know the ins and outs, and the ups and downs. People that stay one step ahead, are dependable, reliable, and have established themselves as trustworthy partners. Technology may come and go, but expertise leaves a lasting impression.
Payroll Data transforms HCM for companies. Our payroll processing is the stuff of HR dreams. With complete integration, ease of use, and the flexibility to adapt to your individualized needs (all without breaking the bank), we provide the tools, resources, and personalized service clients need to love running payroll. Find out how to put Payroll Data to work for you.