Payroll System Case Study

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A deficient Payroll processing system not only costs financial loss for an organization but also their manpower’s engagement and productivity resulting further loss. According to a 2014 study by Deloitte Consulting on Payroll Operations Survey, organizations face three major challenge while implementing a payroll processing system, including:

Manual processes (23%)
Accuracy and timing of inputs (21%)
Non-standard or complex processes (17%)

With several companies trying to implement an efficient payroll system, it is must to consider these factors into account for long-term goal fulfilment. However, outsourcing companies that specializes in payroll services can also work. But, if you are looking to have an in-house payroll system, consider below mentioned pointers while
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It is vital for the companies to not only clarify these information in writing but also in their briefs.

4. Ask Your Employees

Having a transparent policy enables employees involve their employees and create communication doorway among employee & management. While having frequent conversation with employees help management resolve confusion and misunderstanding regarding payroll policies. By keeping a regular check on what works for employees help management create better work conditions and policies for their entire workforce which on the other hand enhances employee engagement within the firm. Employees feel valued and respond by being more productive at work.

5. Outsource an Expert

With the help of above-mentioned tips organization can easily create a highly-engaged payroll processing system for their employees. But for those who are looking to have an efficient payroll process without investing much time or money needs to hire outsourcing companies providing payroll management functions. Few most common functions includes: payroll tax preparation and filing, year-end tax distribution, check printing and garnishment
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