Are you still handling your company’s tedious payroll tasks by yourself? If so, then it’s time to look into hiring a dedicated payroll specialist. Not only is hiring a payroll expert cheaper than you realize, but freeing up your own valuable time from payroll tasks can be a game-changer for your business.
Still not convinced? Explore a few of the most compelling reasons to hire a payroll expert for your organization.
Free Up Your Time and Resources
Depending on the size of your company and how frequently you pay your employees, there’s a good chance you’re spending hours each week doing payroll on your own. Even a few hours a week can add up big time in the grand scheme of things. Think about what you could be doing with that time if it wasn’t spent on payroll; you could be working on more important projects or taking steps to grow your business.
By hiring a payroll expert, you can reclaim your time and make better use of it.
Keep Your Employees Happy (And Paid)
Few things are more important than the satisfaction of your hard-working employees. Unfortunately, nothing makes an employee more disgruntled than a late or short paycheck. When you hire a professional payroll specialist to process and issue all your employees’ paychecks, you can enjoy optimal accuracy and reduce the risk of paychecks being issued late or being inaccurate. This, in turn, helps to keep your employees happy while giving you some added peace of mind.
Having a payroll specialist on-staff can also save you money in late payroll charges from the IRS, which can otherwise add up quickly.
Ensure Regulatory Compliance
Depending on the industry in which your business operates, there are likely strict regulations you need to follow when it comes to handling your payroll. Some examples of these regulations may include the Fair Labor Standards Act (FLSA) and Affordable Care Act (ACA), which can be confusing to stay on top of.
When you hire a payroll specialist, you can rest assured that he or she will be well-versed in all regulatory and compliance issues that may affect your company. This, in turn, can help you stay in compliance and avoid penalties/fines.
Avoid Expensive Mistakes
Payroll mistakes can cost your company big time. Working with a payroll specialist is the easiest way to keep your books as accurate as possible and reduce your risk of expensive mistakes. An experienced payroll specialist will use all the latest and most trusted tools/software to ensure accurate bookkeeping for your protection and peace of mind.
Ready to Hire a Payroll Expert?
These are just a few of the most compelling reasons to hire a payroll expert at your company rather than handling your own payroll tasks. By freeing up your valuable time and ensuring that your record-keeping is more accurate, you’ll save your business money while keeping your employees happy.
Ready to find out more about payroll and time-tracking services? Complete Employee Services is here to help! Contact us today to learn more about our many services offered, ranging from human resources management and payroll tracking to employee benefits and workers’ compensation.