If you want a surefire way to upset and demotivate your employees, look no further than paying them incorrectly or delaying payment for hours they’ve already worked. Disengaged, demotivated staff means negative effects on customer service, upselling, staff retention, brand reputation and more.
There are many other challenges with payroll that have disastrous effects on your productivity and profitability. For example, when things go wrong with payroll, fixing mistakes takes up valuable time that managers don’t have to spare. What’s more, employers who get it wrong run the risk of non-compliance with federal, state or city rules around minimum wage which can result in fines of up to $10,000. Yet, incorrect payroll processing happens all the time.
Luckily, the right tools can help you tackle these challenges. Low morale, inaccurate paychecks, delays, and frustrations can be a thing of the past.
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