Payroll is a human resources activities that can take up a lot of time if you let it. It seems relatively simple in principle, but in practice, it can become quite complex.
If one of your goals in 2018 is to streamline your payroll process, look no further than iSolved.
Why Payroll Is Deceptive
When people think about payroll, they imagine a relatively straightforward process. Your employees put in their hours. You pay them for those hours and issue a pay slip. Easy, right?
Things become more complex almost immediately. If an employee takes a day off, you need to know if you’re paying for a sick day or a holiday, or not at all. There may be external laws about how to calculate pay for either of those days, and you likely have your own internal policies.
Then you also have to consider payroll taxes, appropriate withholding, forms, remitting to the IRS, and so much more. Even from this brief description, it should be clear payroll isn’t always as simple as it seems!
Splitting up Tasks
One way to deal with payroll is to split up the tasks associated with it. You may hand one team the tax portion of payroll, while another team deals with benefits administration. A third team is handling the straightforward part of payroll—adding up hours and paying employees.
This can become complicated quickly, because different teams have access to different information. One team may put their information into accounting software, while another team is pulling information out of your database. The third team is using Excel spreadsheets to track sick days.
Even if you try to do everything yourself with one or two people, you may find you’re not using the best processes. You may treat certain tasks as “separate” and use a different process, program, or even a different schedule for completing them.
Obviously, this can create a difficult situation, with information in different silos and different schedules conflicting with each other!
What if you could make payroll simple again? Streamlining your payroll process will help you get back to the ideal model of payroll as a straightforward task. Work all of those separated tasks back into one workflow. Build processes and procedures into that workflow. Keep your information in one central location.
How can you get to a single, forward-flowing workstream? It’s easy when you get iSolved for your payroll functions.
What Does iSolved Do?
iSolved is an entire human capital management system designed to support all of your human resources functions, from pre-hire to retirement. Naturally, it can do wonders for your payroll activities.
The system is easy to use and works with the systems you’re already using, such as .csv and Excel files. Not only does it help you deal with payroll more effectively, it can also help you manage your time and labor more effectively.
Obviously, the iSolved system can help you streamline payroll because it makes recording hours and managing employee pay easier. You can quickly import hours, make one-time overrides, and issue paystubs.
iSolved also includes scheduling and time management, as well as benefits administration features you can adopt for your business. Reporting functions make it easy to keep track of payroll processing, benefits statements, and more.
The system also features an employee portal so your employees can keep tabs on the things that are important to them, such as their pay and their benefits. Accessibility like this is important for employee engagement!
Why Struggle with Payroll?
If you’ve been using different programs, handing tasks off to disparate teams, or struggling with your payroll process in any way, iSolved is the answer you’ve been looking for. Making good on your new year’s resolution to “solve” payroll has never been easier!