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 necessitate employees to log hours on a paper timesheet are susceptible to errors that are both deliberate and unintentional. Employees often record their authorized shift start time even when arriving late and do the opposite when leaving early. Even your most trusted associate can have trouble accurately recalling hours when filling out a time card several days afterward. Inaccurate timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).
Workforce Management Clock tracks employee time to the minute to make certain that you only pay employees for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can safeguard 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 danger 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 organization to help you stay in compliance and develop 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 delay paying your payroll taxes as a stopgap measure.
Meeting all of your employer tax requirements is problematic 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.
TriCore serves many companies like yours and can help you skip these dangerous pitfalls with the experience and expertise you can depend on. Call us today at 609-9182668.
TriCore offers Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your supervisors, employees, and company.
Workforce Management Suite includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is designed 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 TriCore ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to book a demo.