You’ve Got To Get Payroll Right
If you are a business owner, you are probably busy 24/7 and can’t always give each required task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. Workforce Management Suite has convenient, powerful tools to help you avoid these common payroll mistakes.
1. Inaccurate Time Cards
Manual timekeeping systems that call for employees to log hours on a paper timesheet are prone to errors that are both intentional and accidental. Employees often record their designated shift start time even when arriving late and do the opposite when leaving early. Even your most trustworthy worker can have trouble accurately recalling hours when filling out a time card several days afterward. Incorrect timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).
TimeWorksTouch tracks employee time to the minute to make sure that you only pay employees for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can safeguard you in case of a DOL dispute.
2. Misclassifying Employees
Employee classification influences benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are in danger of state and federal penalties and should consult the comprehensive DOL guidance on the issue.
Workforce Management Suite allows you to customize the job codes for your business to help you stay in compliance and develop efficient scheduling strategies to keep your labor expenses as low as possible.
3. Failing to Pay Payroll Taxes
Small business owners may incorrectly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT forego paying your payroll taxes as a stopgap measure.
Meeting all of your employer tax commitments is challenging without trustworthy time and attendance data for each pay period. Workforce Management Suite automatically collects, calculates, verifies, and submits the critical information to your payroll provider.
Absolute Payroll Inc serves many businesses like yours and can help you skip these dangerous pitfalls with the experience and ability you can depend on. Call us today at 1 (888) 223-3450.
Absolute Payroll Inc offers WorkforceHUB, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and organization.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.
How much can you save? Check our Absolute Payroll Inc ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.