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!