The Top 11 Payroll Pain Points and How to Solve Them: Part III|
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At a glance
- The Main Takeaway: The COVID-19 pandemic has changed the world of work, including how businesses handle standard processes and procedures like payroll.
- Impact on Your Business: It’s important to re-evaluate your process and identify any gaps or rising issues, so that you can continue to pay your people on time and within compliance.
- Next Steps: Read the third and final part of our blog series for three tips to help you resolve payroll pain points, from handling government notices to managing staff churn.
Want to partner with an expert that has your back when it comes to payroll distribution and compliance? Contact Aprio’s People Advisory Services team today.
The full story:
Since the onset of the COVID-19 pandemic last year, the world of work has changed — and that may include your payroll process. Now that you have teams working remotely, potentially in different parts of the country or world (some with different regulations), it’s essential that you ensure your payroll process is air-tight and as streamlined as possible.
Keep reading for the third and final part of our blog series on payroll pain points, and find out how you can overcome common roadblocks to create more efficiency and, ultimately, a better employee experience. (If you missed Parts I and II of the series, click here and here.)
9. Maintaining timely payroll processing
In addition to calculating payroll and maintaining compliance, businesses also are tasked with setting up and keeping a schedule to ensure employees are paid in a timely manner. And if you’re already pressed for time or don’t have the resources to hire a dedicated payroll expert, this can be an added burden.
10. Managing staff churn
Staff turnover happens, no matter how many measures you take to retain employees. It’s essential to have a process and procedure in place that keeps your payroll consistent through transitions.
11. Handling notices
IRS and state notices can be confusing. Dedicated time and research are necessary to reach a resolution, let alone the expertise to navigate IRS and state requirements. This is an area where a qualified, professional team can be essential. For instance, Aprio’s People Advisory Services team takes the reins on dealing with the IRS and government notices on behalf of clients, so that they can focus on running their business.
The bottom line
At Aprio, our People Advisory Services team provides expertise in all three of the areas we covered above and can manage your payroll and HR function while mitigating employment risk. Contact our team if you need assistance today.