How strong is the relationship between your business and your payroll provider? Building a strong relationship with your payroll provider can help ensure accuracy and efficiency in your payroll processing. It can also help ensure compliance with all the regulations and laws surrounding payroll compliance, and it can improve employee satisfaction and productivity because everyone is getting paid on time. The article will explore the advantages of relationship building with a payroll provider.
Benefits of Building a Relationship
When you build a strong relationship with your payroll provider, you’ll receive many benefits, including better customer service, personalized attention and excellent payroll compliance accuracy.
- Better Customer Service – When a business develops a strong relationship with their payroll provider, they can expect to receive more personalized attention and quick responses to their inquiries or concerns.
- Personalized Attention – Payroll providers who understand a business’s unique needs and preferences can tailor their services, which ensures that the payroll process is streamlined, accurate and meets the specific requirements of the business.
- Deeper Understanding of a Business’s Needs – A payroll provider who knows a business well can provide customized solutions and advice that are specific to its needs.
Small Business Payroll Example
Let’s say that a small business with 20 employees is currently managing their payroll in-house with basic spreadsheets. Unfortunately, due to errors in the manual calculations, the business owner often has to redo the payroll multiple times, resulting in delayed payments. After several rounds of this, the employees are frustrated and some are even contemplating quitting. The business owner is also frustrated because he or she is spending too much time on payroll and not enough time on the business.
To solve this problem, the business owner starts researching payroll providers, like ASAP Payroll, and chooses one that is well-known for its accuracy and efficiency. With the payroll provider’s help, the business is able to automate their payroll processes and ensure that employee paychecks are issued accurately and on time. The employees are happier, and the owner is now able to focus on growing their business.
Personalized Approach of ASAP Payroll
ASAP Payroll has been providing a personalized approach to payroll and HR services since 1989. Our family-run business goes the extra mile to take the time to get to know our clients and their business needs. This helps us gain a deep understanding of their unique payroll requirements so that we can provide them with customized solutions that ensure compliance and keep employees happy.
In fact, we think of our clients as an extension of our own family. For this reason, when we identify a company with a unique payroll requirement that can’t be handled by standard software, we start exploring customized solutions. Next, we present those solutions to the client along with a detailed explanation of how it works and why we believe it will work for their unique circumstances. This level of personalization ensures that the business can focus on its core activities while we handle their payroll.
Improved Accuracy and Efficiency
Choosing a payroll provider, like ASAP Payroll, can improve accuracy and efficiency. This reduces payroll errors and the associated costs of correcting those errors. This can save time and money, as well as prevent potential legal issues that may arise from incorrect payroll processing.
For Example: Let’s say that a business has a hybrid workforce where some employees work from home. Some work at the office, and some employees work from home and the office, depending on the day. In this scenario, it can be challenging to accurately track the hours these employees work in order to pay them correctly.
ASAP Payroll understands the challenges of tracking and paying hybrid workforces. The good news is that we can provide a customized solution that includes the tools to track remote employee hours and accurately process payroll. This means that our customized solutions can improve the accuracy of your payroll as well as the speed at which it is processed.
Better Compliance
Compliance in payroll processing is essential to avoid costly penalties and legal issues. A payroll provider like ASAP Payroll can help businesses stay compliant by keeping up to date with the latest legal requirements.
For Example: If a business has employees who work in multiple states, the payroll provider must be aware of the different state laws regarding taxes, overtime and minimum wage. Failure to comply with these laws can result in penalties and fines. Additionally, some businesses struggle with employee classification, which can have significant tax and legal implications if it’s done incorrectly. By working with an experienced payroll provider businesses can be confident that they are staying compliant and avoiding any legal or financial risks associated with non-compliance.
Long-Term Cost Savings
Relationship building with a payroll provider can lead to long-term cost savings. Once we understand your business operations and employees, we can help you save money by providing efficient, tailored payroll solutions.
For Example: Our expert HR and payroll support specialists can help you identify areas where you might be spending too much money, like on your hiring and onboarding, training costs and overtime. Once we identify these areas, we can recommend cost-cutting solutions, like minimizing overtime or streamlining payroll and hiring and onboarding processes. We may also be able to provide you with advice or guidance on tax incentives or other cost-saving measures for which your business may be eligible.
Improved Employee Satisfaction
If you want to keep your employees happy, paying them accurately and on time is essential. Failing to pay your employees on time, can lead to low employee morale, high absenteeism, increased employee turnover, damage to your business’s reputation, and legal issues, including fines and penalties from regulatory bodies and even lawsuits from your employees. The good news is that a strong relationship with a payroll provider can help avoid these scenarios and lead to a happier and more satisfied workforce.
For Example: Let’s say a small business previously experienced payroll errors that resulted in delayed paychecks or incorrect dollar amounts. This caused the employees to become frustrated and distrustful to the point where it negatively impacted the company culture.
However, after partnering with a payroll provider and building a strong relationship, employees started receiving their checks as expected, and the amounts for hours worked were correct. Over time, the employees’ distrust dissipated, and the company culture and productivity improved.
ASAP Payroll’s personalized approach to HR and payroll services can help you streamline your payroll processing and ensure your employees are paid when they expect to be paid. This can lead to a more productive workforce and a better bottom line for your company.
To learn about our payroll processing and HR services, request a quote today by filling out our easy, online form or calling us at 317-887-2727.
