Payroll management is the lifeblood of a company's relationship with employees. Keeping and sustaining a workforce depends on it. But mistakes in the process can jeopardize that relationship.
One of the ongoing challenges for any business is the proper execution of their payroll management processes. HR and payroll staff must contend with continual changes in rules and regulations, new and updated forms, and multiple layers of compliance required at the federal, state and local levels.
Although the new year has begun, it's not too late to bring on a payroll management company. But is it the right move?
Odds are that if your company has been growing over the last year or two you are probably feeling the growth pains and even realizing the need for help with your payroll management. However, deciding where to turn, or how to get started, can be frustrating.
California is famous for many things. But being one of the least expensive places to run a business is not one of them. In fact, the opposite is true.
Being an employer in California is a challenging venture. And managing the costs involved in hiring employees can seem prohibitive, as well. With increased family leave, paid sick leave, and other costly benefits - not to mention an ever-increasing minimum wage scale - it is a daunting task to make a business cost effective and profitable.
Despite the use of payroll software and other tools, there are still common problems with payroll management that must be consistently addressed.
If you are like most entrepreneurs, when you first started your business, handling your own payroll management was a fairly simple task. You kept a ledger, paid yourself and maybe just a few employees. The payroll process didn't eat up your valuable time so you could spend that time growing your business.