Payroll
Remember that the future of payroll isn’t just about accuracy and efficiency; it’s about delivering value to both employees and the business.
Let’s explore some key aspects of the future of payroll:
- Integration of Technology:
- Modern payroll systems are embracing cutting-edge technologies. Cloud-based payroll software, artificial intelligence (AI), and machine learning are reshaping how payroll operations are handled.
- These advancements streamline processes, enhance employee experiences, and ensure compliance with evolving regulations.
- Flexible Pay Options:
- More employers are offering flexible pay options which is becoming crucial. Employees want control over when they receive their pay.
- Options like daily payouts after each work shift or every other day empower employees to manage their finances effectively.
- HRMS Integration:
- Integrating payroll with a Human Resource Management System (HRMS) streamlines data flow and ensures accurate employee records.
- It simplifies tasks like employee onboarding, benefits administration, and performance management.
- Time Tracking and Scheduling:
- Online time clocks and timesheets integrated with payroll systems improve accuracy and efficiency.
- Applicant Tracking System (ATS):
- An ATS streamlines recruitment processes, making it easier to find and hire the right talent.
- It enhances collaboration between HR and hiring managers.
- Benefit Administration and Enrollment:
- A robust payroll system can handle benefit administration seamlessly.
- Employees can enroll in health insurance, retirement plans, and other benefits through the same platform.
- System Integration:
- Connecting payroll with other company systems such as (Accounting, point-of-sale, background checks, and performance reviews) ensures data consistency and efficiency.
Our payroll services include:
- Pre-signed and sealed checks. We deal with the hassle of calculating and producing each check before sending them to you.
- Easy-to-read, detailed reports with an unlimited custom report writer capable of departmental breakdowns.
- We calculate and deposit all state and federal tax liabilities, eliminating payroll tax headaches.
- The preparation and filing of all state and federal quarterly and year‐end returns and reports.
- The preparation and delivery of W‐2/1099 earning statements at year-end.
- Unlimited direct deposit service for each employee.
- 401(k) reports and census downloading.
- Time off tracking.
- Online employee pay stubs.
- Instant online reports, enabling you to manage payroll information in real‐time.
- New hire reporting.
When you outsource your payroll administration to EmCentrix’s MPO payroll services, you gain many competitive advantages, including:
- Immediate access to all of the census information required to obtain employee benefit quotes and to administer payroll administration programs.
- Uncomplicated coordination of employee deferrals, deductions, reimbursements, and account status information for integrated FLEX administration.
- Continuous, up-to-the-minute information for retirement plan reporting, deductions, investments, and reconciliation.
- Complete IT support, hosting, and backup, making your online payroll experience a smooth one.
- Freedom of choice for the business owner. Time is no longer spent administering the non-productive function of payroll. That time can be reallocated to more profitable activities.
Contact us for a free demo!
Want to know more? Contact us and we'll be happy to answer your questions or arrange a demo.