It’s National Payroll Week – an opportunistic time to show our colleagues much-deserved appreciation. We’re thankful for your impact; you keep companies running!
In that light, here are two trends benefiting Payroll Professionals:
Cloud computing, which allows you and your staff access to your data on any device in any location through Internet connectivity, has become an industry mainstay. According to Forbes, 83 percent of companies computing workloads will be cloud-based by 2020.
HCM systems are leading the way for payroll administration and self-service abilities. They automate the complex moving parts associated with payroll and taxes — from wages, benefits, overtime and garnishments to tips, direct deposits, FLSA and all tax codes and jurisdiction requirements.
HCM platform’s powerful cloud-based tools enable your employees to access pay stubs, view PTO accrual information, request time off, download W2s and more, reducing the workload of your HR and payroll teams.
This automation ensures compliance and accuracy, eliminating time-consuming, error-prone manual calculations that often result in payroll adjustments and employee frustration. It benefits companies of all sizes, and is scalable for growth and economic flexibility.
Improving Efficiency and Connectivity with Employees
Employee engagement is a challenging arena for all organizations, and an area for HCM platform impact.
Enhancing this ability are AI-powered payroll wizard tools that walk you through payroll processing step-by-step, discovering and resolving potential errors before processing. For your HR team’s and employee’s usefulness alike, out of the box functionality built with the end user in mind features pay, tax, deduction, benefits and PTO reports, with general ledger interface.
This real-time payroll processing impact allows you to input data, make changes, run reports and submit payroll from wherever, whenever. Employee self-service payroll is enabled — secure anytime access to manage their information, including pay stubs, direct deposit, W-2 and other services your company offers.
Employees see the benefit through a self-service portal, witnessing the integrity of your payroll process. This company engagement connectivity ultimately translates to increased productivity and staff retention.
Fostering rapid integration, Cloud-based setup requires no programming, enhancing rapid deployment for quickly realized results, with minimal administration needs.Asure Software provides payroll and tax consulting and HCM automation, facilitating a customizable hybrid of HR department augmentation, with single source, single vendor HCM system reliability and cost effectiveness. Contact Asure for a complementary consultation and system demonstration.