Payroll can be looked at as a huge cost center—not only with respect to wages and salaries, but also with regards to the cost of processing. Controlling costs in payroll means big savings to the bottom line. Also, increased efficiencies and streamlined processes benefit all employees, and improvements in payroll add value to your organization. If given due attention, payroll can have enormous strategic impact at any company.
This document looks at using automation, information, reconciliation, process improvement, and new technologies to make positive changes to payroll, and reap the benefits these changes can provide. Learn 25 ways to positively impact payroll, from how going green can reduce waste and cut costs to how payroll-related networking groups can help affect change and how auditing and tax reconciliation can save time spent problem-solving and filling in gaps later.
Automating your workflows can reduce the risk of error and decrease time to approval, electronic timekeeping can save time and reduce errors, and improving payroll reporting can provide accurate information for all employees. Find out more about how these and other actions can have a huge positive impact on payroll at your company, with this list of payroll-impacting actions from Ultimate Software.