3 Payroll Errors That Can Sink Your Company

reduce payroll errors Mobile

You’ve Got To Get Payroll Right

If you are a business owner, you are probably busy 24/7 and can’t always give each required task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. Workforce Management Suite has convenient, powerful tools to help you avoid these common payroll mistakes.

1. Inaccurate Time Cards
Manual timekeeping systems that call for staff members to enter hours on a paper timesheet are susceptible to errors that are both deliberate and accidental. Employees often record their prescribed shift start time even when arriving late and do the opposite when leaving early. Even your most trusted staff member can have trouble accurately recalling hours when filling out a time card several days after the fact. Inaccurate timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).

TimeWorksTouch tracks employee time to the minute to make certain that you only pay team members for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can guard you in case of a DOL dispute.

2. Misclassifying Employees
Employee classification affects benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are in jeopardy of state and federal penalties and should consult the comprehensive DOL guidance on the matter.

Workforce Management Suite allows you to customize the job codes for your business to help you stay in compliance and design efficient scheduling strategies to keep your labor amounts as low as possible.

3. Failing to Pay Payroll Taxes
Small business owners may wrongly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT postpone paying your payroll taxes as a stopgap measure.

Meeting all of your employer tax requirements is challenging without reliable time and attendance data for each pay period. Workforce Management Suite automatically collects, calculates, verifies, and submits the critical information to your payroll provider.

Coastal Human Resource Group, Inc serves many companies like yours and can help you abstain from these dangerous pitfalls with the experience and know-how you can depend on. Call us today at 251-478-7417.

Contact Coastal Human Resource Group, Inc for information regarding WorkforceHUB™UPGRADE TODAY

Coastal Human Resource Group, Inc offers WorkforceHUB™, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and business.

WorkforceHUB™ includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB™ is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.

How much can you save? Check our Coastal Human Resource Group, Inc ROI Calculator.

We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.

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