3 Simple Ways to Save Time Processing Payroll
If you work in HR or accounting, one of the most important parts of your job (and arguably the most important part, according to your employees) is handling the company payroll. If you are finding it challenging to keep up with the needs of your company, here are three things you can do to save time processing payroll.
Invest in Software
Investing in a decent payroll management system is a great way to ensure that your payroll is always completed on time and correctly. This type of software also performs some tasks automatically, so you can spend more time working on other pressing office assignments. Why not automate what you can to help make your job easier to do?
According to a report, payroll accounts for nearly 35% of the average HR department’s time. Odds are, you have other important tasks to complete throughout the week as well, and if you are not prioritizing effectively, you may find yourself rushing through certain projects or missing them completely. Set up a system or create a schedule so you can ensure that everything gets done and everything also receives your undivided attention.
Communicate With Your Employees
Be sure that your employees understand exactly how payroll works and when they can expect payment. Sit everyone down and have an open Q and A session where employees can ask questions and you can provide answers for everyone to hear. Getting everyone together can alleviate frustration for you and your employees, and will keep you from being bothered or distracted by questions throughout the week while you are trying to get other things done.
Processing payroll can be a very stressful part of your job. However, these simple tips will ensure that both you and your employees are happy and on the same page.