Raise your hand high if you are a business owner that likes to do your own payroll. Anyone? It can be time intensive, overwhelming, and administrative task-heavy. With the exception of Payroll Vault, because we LOVE payroll, few are likely to say that they enjoy processing payroll for their company over actually running their business. So why are you still doing payroll in house? It’s time to outsource your payroll and get back to your business.
Your business is your baby, and if you are like most business owners, you started it with passion. Unfortunately, also like most owners, that passion tends to get lost somewhere along the way, usually about the time you find yourself mired down in complex administrative work…like payroll.
Many employers don’t take the time to evaluate their payroll system on a regular basis, which can result in using archaic methods (like paper time cards) that end up costing more in time and money. To ensure that your payroll process is the most cost- and time-efficient, evaluate your current process against the following payroll best practices.