A well-run payroll team does more than just issue paychecks. They ensure your workplace remains compliant with any applicable laws and can help you build robust employee benefits as well. Introducing flexible payroll services and advanced payroll solutions for SMBs can provide a variety of advantages that will support both your team and your business operations. Let’s explore some of the most popular add-ons that are transforming HR tech for small businesses.
Overview of Essential Payroll Add-Ons for SMBs
We will walk you through some of the most sought-after add-ons available to SMBs to create more value for employees and help your business thrive.
Earned Wage Access
Earned wage access offers employees greater flexibility to access the money they have already earned. This benefit is particularly helpful when they face unexpected expenses between paychecks, allowing them to manage their finances and the emergency without additional stress.
Millions of people in the U.S. do not have emergency funds that can help them weather sudden financial obstacles. Offering this flexibility empowers them to better manage their financial situation, boosting their satisfaction and overall retention in your company.
Employee Handbook Tools
An employee handbook is a critical resource for communicating internal policies. It helps to settle disagreements and maintain a professional atmosphere in your workplace. It also ensures your workplace remains legally compliant and aids in onboarding new employees by introducing them to workplace expectations.
Access to a handbook builder through flexible payroll services like ASAP Payroll walks you through the process while ensuring compliance with applicable legislation and minimizing your liability whenever possible. Creating an effective, informative handbook has never been easier.
Labor Law Compliance Posters
Federal and local laws require businesses to display conspicuous posters that inform employees about benefits, minimum wage, insurance, and other workplace matters. To remain compliant, you must keep these posters updated. Fortunately, partnering with a comprehensive payroll solutions provider like ASAP Payroll can get you access to the most updated posters. Our team will help you stay on top of all the changing legislation and provide you with the posters you need.
Paygo Workers’ Compensation
For many businesses, especially SMBs, finding the funds to fully cover suitable workers’ compensation plans can strain the budget. Businesses want to provide this security and protection for their employees, and in many places, they are required to by law, but they also need a way to manage this expense.
Paygo offers the flexible setup businesses were looking for. This system uses your real-time payroll calculations to determine what your business needs to stay covered, ensuring you remain compliant with the laws while also making it easier for you to manage your expenses and keep the cash flow moving.
Payroll Financing Solutions (Payro)
Small businesses often face the challenge of processing payroll before receiving payments from clients. Payroll financing can improve cash flow by ensuring your employees get paid on time so your business can keep moving forward.
The Payro system simplifies the process of securing payroll financing. With minimal documentation required—just your six most recent bank statements and your tax ID—it doesn’t take long to secure the funding needed. Your business can then continue to invest in itself and its growth.
Mobile Punching for Timekeeping
Introducing mobile punching options for timekeeping can create a smoother experience for your employees. Whether they need to punch in remotely or on-site, this capability allows for more flexibility and efficiency. These capabilities then easily integrate with your payroll systems, ensuring accurate, up-to-date paychecks.
Considering Payroll Add-Ons for SMBs
These payroll add-ons for SMBs can significantly enhance your HR operations. From streamlining processes to improving benefits for your employees, these options can make a genuine difference in your business.
See how these solutions might fit with your payroll team. If you want to learn more about what these capabilities offer or what might best suit your business, reach out to us at ASAP Payroll today for a personalized consultation.
