Payroll. It’s the pesky little HR demon that eats up your time, energy, and money.
To keep the beast at bay, you’re required to spend hour upon hour tracking employees’ hours, monitoring time off, and keeping up with tax filing.
None of us like doing it, but we do. And what’s worse is -- just when you think it’s all done and the checks are ready to go out -- a new pay period begins and you start the battle all over again.
But what if things were easier? Thanks to advancements in technology and new ways of organizing our companies, payroll doesn’t have to be a scary, undefeatable monster anymore. There are ways to save you time and the company money.
Related Article: At Your Service: Payroll Made Easy
The infographic below -- compiled by Namely, an all-in-one HR platform built for today’s workplace -- has some great tips for simplifying the way you do payroll. Some of the highlights that may make you rethink payroll include:
- 25 percent of payroll leaders spend more than 50 percent of their time on day-to-day payroll activities.
- More than 90 percent of payroll professionals believe Same-Day ACH can help them in meeting their payroll needs.
- 45 percent of companies plan to move payroll to the cloud in the next 2-3 years.
- 67 percent of companies want to invest in modern payroll solutions to eliminate manual work.
Check out the rest of the infographic below to find ways to make your life easier with an updated and streamlined way to do payroll.
Have you implemented any of these payroll improvements?