How to Save Time and Money on Payroll [Infographic]

When it comes to basic processes that involve a lot of administrative work, like payroll and taxes, tiny inefficiencies can add up to big losses in time and money. These problems turn payday — an event that should be exciting for everyone — into a headache for you.

Making small changes to your payroll process can change it from a nightmare into a daydream. This infographic below, compiled by Namely, an end-to-end HR solution for some of the world’s most exciting companies serves as a guide to improve the payroll process to save both time and money. Some of the highlights include:

  • 25% of payroll leaders spend more than 50% of their time on day-to-day payroll activities.
  • More than 90% of payroll professionals believe Same-Day ACH can help them in meeting their payroll needs.
  • 45% of companies plan to move payroll to the cloud in the next 2-3 years.
  • 31% of companies want payroll solutions that integrate with other HR software.

Check out the full infographic below to see how to save time and money with a streamlined payroll process.

 

 

Have you implemented any of these payroll improvements? Let us know in the comments!

Author: Heather Huhman

Waldorf, Md.-based Heather R. Huhman is a career expert, experienced hiring manager and president of Come Recommended, a content-marketing and digital-PR consultancy for job-search and human-resources technologies. She is the author of Lies, Damned Lies & Internships and #ENTRYLEVELtweet: Taking Your Career from Classroom to Cubicle.

Share This Post On
468 ad