When pay day rolls around, are you confident your employees’ salaries are correct? Or, are you expecting a queue outside HR the next morning again?

A recent survey done by a global HR and payroll service provider revealed that out of 4 000 employees surveyed 44% had been paid late and that 48% of those paid late were also paid incorrectly!

Furthermore, 79% of the employees who were paid incorrectly identified the issue themselves and 44% said they’d consider leaving their jobs because of being paid incorrectly.

These statistics are staggering and offer a great insight into how employees’ reactions can be directly linked to how accurately and timely they are being paid.

There should be no excuses when it comes to incorrect salaries or paying staff later than promised.

Online payroll software solutions greatly minimise the margin for payroll errors. Small businesses may not believe it, but the scope for error in manual payroll processes is incredibly high.

Errors like this have far-reaching effects, on staff and on the business as a whole. As a SME, you want to attract and retain talented staff. This means attention to detail when it comes to staff satisfaction, a reliable payroll system being a very big factor in achieving this.

If your staff turnover is high, others in your industry will start to raise eyebrows about your work ethic and what is really behind the reason you can’t retain good staff. Negative word of mouth once these staff leave your company could be your complete undoing.

Quality online payroll software solutions go way beyond staff satisfaction issues in helping businesses to survive and thrive.

If your payroll is a laborious, frustrating task, here are just 3 reasons you need to look into online payroll software solutions:

1. Month-end needn’t be a mad scramble and time over which everyone “loses their minds” trying to get to grips with the financials. Online payroll software solutions allow you to pay your staff with confidence, prepare your tax, be compliant at all times and free finance and HR staff up to concentrate on other important tasks. Hours usually spent on month-end can be done easily, efficiently and accurately at the click of a button.
2. We’ve mentioned the devastating effect errors can have on your business. Manual processes cannot give you the peace of mind online payroll software solutions can. Errors also come at a huge cost and can even land you in hot water for non-compliance. Online payroll software solutions are always up to date with the latest compliance requirements and safety nets for many other aspects of business.
3. You can make your employees part of the solution. Because online payroll software solutions are flexible and customisable, you can give your employees anytime access to the system so that they can view their salary and benefits and update their records at the click of a button. Not only is this invaluable in ensuring transparency and inclusiveness for all employees, but it also frees up admin and HR staff.

For simple, easy accounting and payroll solutions, contact QuickBooks on 010 203 4300 or info@easybiztech.co.za