Payroll can be complex and time-consuming, even for small and mid-sized businesses. Getting it wrong can be costly in terms of time, money, and employee turnover. Traditional approaches are often error-prone and too slow for your rapidly changing business environment. Here are three main areas that can cause payroll stress – and how an automated workforce management tool like Workforce Go! HCM can help.
1. Pay your employees accurately and on time, every time.
Manual payroll processes can be cumbersome and prone to errors, especially if you rely on spreadsheets to manage your payroll. Research shows that most spreadsheets contain significant errors – leading to wasted time and money along with the possibility of incorrect paychecks.
An automated payroll solution eliminates spreadsheets and takes the stress out of complex payroll calculations, so you always get payday right.
2. Ensure compliance.
Today’s regulatory environment is complex and constantly changing. Keeping up with the changes can be stressful and time-consuming, and mistakes can result in costly penalties. Complying with federal and state regulations is critical to your organization’s success.
With a cloud-based solution like Workforce Go! HCM, you can keep up with the latest regulations and what they mean for your business. Complex calculations are automated, and built-in compliance features and automatic updates help to ensure that your payroll is compliant.
3. Save time and streamline processes.
An outdated payroll system means more time spent managing spreadsheets and handling cumbersome processes such as manual time tracking and data entry. As well as inefficient tasks like keeping up with changing regulations and manually cutting checks become a drain on your HR resources.
A cloud-based human capital management platform automates complex calculations and processes, simplifying and streamlining the payroll process. In addition, all your important HR data is in one place, so you don’t have to worry about reconciling information from multiple sources.
With Workforce Go! HCM, you can make payday worry-free every time with accurate, timely, and compliant payroll. To find out more, contact us today at email@example.com or 214-800-5575.