Five Benefits of Streamlining Payroll and HR Systems and Software

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In the world of payroll and HR, just as in all areas of business, staying organized and keeping things moving efficiently is a must. The software and tools available today make it easy for everyone to improve efficiency in a variety of ways. However, there are some people who are still on the fence when it comes to streamlining with payroll software, or who are still relying on spreadsheets and basic tools that aren’t designed for payroll and HR services. 

If you want to improve your business administrative tasks, HR and payroll software systems are a definite must. There are Human Resource Information Systems (HRIS) and plenty of dedicated payroll software tools that can change the way companies do business, streamline and organize data and human assets, and make sure that everyone is getting paid while the entire process is automated, streamlined, and improved in several ways. 

Financial Savings

Did you know that the average mid-size company can spend as much as 70% of their operating costs on payroll processing? That’s a lot of money, and it’s generally unnecessary when you integrate modern payroll software and HR solutions. Imagine being able to cut your expenses in half, or more, by streamlining and automating with the new software systems that are available today. That’s more money that you can spend elsewhere in your business, or just leave on the bottom line for better profit margins when you choose better software solutions. 

Spend Time on More Important Tasks

When you are building a small business and starting to expand, it’s important to make a priority list. When you have automated payroll and HR solutions in place, you’ll be in a position to pick different battles that require your attention. After all, when you are spending too much time on payroll tracking and human resources tasks, you’re losing valuable time that you could be spending on your business, your customers, and other things that require your attention. 

Easier Tracking and Record-Keeping

Automated software for payroll processing and human resource management is designed to automate a lot of time tracking and record keeping for the small to mid-size business. No longer will companies have to track down information, spend hours chasing employees for answers to questions about breaks and time off, or even trying to process payroll and store employee data. Spreadsheets are great, but they’re a tool that just won’t do for modern payroll needs. Today’s software lets you track flex schedules, freelance hours, and other things the modern small business needs. 

Improved Employee Satisfaction and Self-Service

Today’s employee wants a system that’s easy to use. They don’t want to have to call the boss or the HR department, ask for time off, wait for approval, and hope someone didn’t forget in the meanwhile. With a modern payroll system, companies can add an employee-facing portal that allows them to manage everything from tracking and inputting hours to making time-off requests, checking on available time off, and more. When people are more involved and have the right tools, they feel more appreciated and are going to work harder and remain more loyal to their employers. 

Improved Compliance and Reporting

Payroll involves a lot of reporting and compliance issues that need to be addressed. Manually, it can be hard to keep up with the rules, laws, and guidelines of payroll and HR in the modern business world. Today’s software solutions, however, feature built-in compliance checks and feel safes to ensure that every business has the tools it needs to not only make sure that people get paid easier and with less hassle, but also to improve compliance and things like taxes, payroll processing and management, and more. 

Many of the major compliance issues and time consumption stresses for a business are in the payroll and HR arena. By choosing to streamline payroll and HR with modern software solutions, your brand will be ready for anything that comes its way. Plus, you’ll free up more time for yourself, your employees, and your HR and payroll staff alike, which means the entire business will run more efficiently. What are you waiting for? Switch to integrated HR and payroll systems today.