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!


Opinions expressed in this article are those of the author and not of The HR Gazette or its team members.

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