The practice of establishing new year’s resolutions is one of taking the opportunity of the new year to better ourselves. Losing weight and getting more exercise are two big ones for a lot of people. But did you know that New Year's resolutions are not confined to individuals? Your business can make its own resolutions for the coming year. We have a few suggestions where HR and payroll are concerned.
The following HR and payroll resolutions could help make your company more efficient and agile in the coming year. Note that all of them can be facilitated in-house or by contracting with a payroll provider like BenefitMall. If you would like to learn more about how our services can benefit your business, please don't hesitate to contact us.
Transition to Electronic Time and Attendance
Time and attendance tracking are a source of frustration among companies that still use paper punch cards or manual time sheets. If your company still doing things the old way, resolve to transition to an electronic solution for 2019. Better yet, commit to an electronic solution that integrates with your payroll software.
Tracking time and attendance electronically accomplishes a few things. First, it provides a more accurate record of when employees are working. Second, it eliminates the errors related to calculating time and attendance manually. Third, it facilitates faster payroll by automating much of what goes into tracking time and attendance.
Move Payroll to the Cloud
Locally hosted payroll software served a valuable purpose in its day, but that day has long since passed. Modern payroll packages hosted in the cloud offer a lot more in terms of features, security, and efficiency. There is no reason to not move your payroll to the cloud this year. Note that BenefitMall offers a number of general solutions as well as specialized payroll solutions for the restaurant and construction industries.
Expand Employee Payment Choices
Next, we encourage you to resolve to expand the choices you offer your employees for receiving their pay. While direct deposit is the clear leader among U.S. employers, it is not the only way to pay your workers. You can use paper checks and plastic payroll cards.
A payroll card is a good solution for employees who don't have bank accounts. Payroll cards are similar to prepaid debit cards in that they are pre-loaded and can then be used anywhere major credit and debit cards are accepted.
Paper checks are an option for employees unwilling to offer direct deposit information to their employers. As inconvenient as paper checks are, they are a necessity for some workers. Consider offering them if you are not already doing so.
Find Solutions to Your Compliance Problems
Last but not least are the compliance issues your company has long struggled with. We encourage you to resolve to get those problems solved once and for all. The last thing you need are the headaches that come with not complying with tax and ACA regulations.
We get the fact that there are a lot of deadlines to keep track of. We understand that some of the forms your company has to file are extremely complicated. And yes, we know that government agencies are not always the best source of help. But you still have certain obligations under the law.
HR and payroll functions are such that they can distract from your company's ability to concentrate on core products and services. Hopefully your payroll and HR systems are humming along just fine. If they are not, let's talk. BenefitMall specializes in all things payroll. Let us help you get things back in order.