With payroll processing being one of HR’s most time-consuming, detail-heavy tasks, there is always room to improve efficiency in this area. However, when one-off issues turn into noticeable patterns, this may be a telltale sign that your HR is ripe to make the switch from manual processing to outsourced payroll.
Here are two basic red flags to watch out for, along with some accompanying real-life scenarios:
Repeated errors
With manual payroll processing, the greatest risk is always human error. Such was the case for The Abba’s Orchard Montessori School, who experienced consistent inaccuracies in their payroll, and even in time and attendance. This issue became prominent during a period of growth for the school, as it added more campuses in other locations across the Philippines.
Unnecessarily long lead times
Because payroll processing puts a premium on accuracy, the amount of time HR spends on fine-tuning and double-checking employee data every time it has to process payroll – from timekeeping to payout – eats into time that needs to be spent engaging in other HR core processes, thus affecting overall HR productivity.
One-stop sport shop Planet Sports stumbled into this very problem, where the inefficiency of their old system and how this affected their HR team’s time management and output led them to recognize the need to either update the system, or shift to fully-managed payroll. So did 24-hour health and fitness club Anytime Fitness, which struggled to efficiently accomplish and manage payroll for multiple branches in a timely manner.
All three organizations found their complete payroll solution with us; and we’ve worked alongside each company to eliminate these productivity-killing issues.
With PayDay, The Abba’s Orchard is now able to access their personnel data in real-time and view their attendance, leave management, and payslip data online without worrying about how to accurately consolidate all this information in time for payout, enabling them to focus on their mission to educate young people and put them on the path to lifelong learning and success.
Planet Sports also now enjoys the benefits of outsourced payroll through a customized system that specifically addresses their business’s unique objectives and requirements; while Anytime Fitness now accomplishes payroll for different branches with ease, with the combination of powerful software and certified payroll professionals handling their end-to-end requirements.
If your HR is exhibiting similar issues in their payroll processing, we’d love to help you. Leave the heavy payroll lifting to us so that you can free up your team to fully participate in the mission of your organization.