Top 3 Payroll Pain Points for Staffing Firms—and How to Prevent Them

More than ever, your other folks rely on their paychecks. Between inflation and rising financial uncertainty, your brief staff want to know that they may be able to depend on you. Ensuring a easy payroll procedure is likely one of the absolute best techniques you’ll reinforce your workers.

That mentioned, your leader focal point is most definitely recruiting and retention—now not payroll. But to a big stage, the previous is dependent upon the latter. According to the SIA’s latest temporary worker survey (registration required), relating to opting for a staffing company, staff’ No. 1 precedence—through a landslide—is reimbursement.

It’s now not simply how a lot you pay, however how successfully and correctly. Nothing alienates staff quicker than overdue or flawed paychecks. In staffing, handing over suggested, correct payroll will have to be a key element of any recruiting and retention technique. It may also lend a hand force the ones increasingly-important worker referrals!

Payroll Problems Are No Small Problems

Sound, unswerving payroll is the root of a wholesome employment courting.

Still, processing payroll is particularly difficult for staffing companies. For something, your team of workers is in consistent flux, with rosters, pay charges and assignments converting day by day. For every other, few payroll instrument answers are designed to deal with such a lot of transferring portions.

As one company proprietor instructed PrismHR, “Plenty of companies provide payroll services—but staffing is very nuanced.” They added, “And if you don’t understand it, I don’t want to have to teach it to you.”

Fortunately, there may be some nice payroll generation to be had for staffing, and it is designed to ease your best ache issues—together with those:

1. Flexibility to Work the Way You Do

Fact: You can not procedure payroll with out calculating payroll taxes.

Federal taxes. State taxes. Ever-shifting native taxes. The variations are apparently endless, since contractors is also running in numerous jurisdictions from everyday. And, after all, taxes will have to be withheld in a selected order.

One payroll supervisor instructed PrismHR, “Some of our employees work at several work sites during a single week, but our payroll system can’t apply taxes for multiple locations in one pay period.”

“That means we need to do it manually—and it’s a lot of work.”

Not best is that hours of additional hard work, but in addition it will increase the danger of human error.

Adding insult to harm: Some payroll distributors do not replace their tax information frequently, growing doable noncompliance occasions.

Here’s the article: There are cutting-edge payroll solutions available in the market—ones with regularly up to date compliance engines and the versatility to stay tempo with converting native tax charges. Why tempt noncompliance whilst you shouldn’t have to take that chance?

2. Weak System Integration Affects the Entire Organization

According to Bullhorn’s 2022 Recruitment Industry Trends Report, 49% of staffing companies are expanding their tech investments now. And they will have to: According to that very same survey, companies with virtual transformation methods had been much more likely to file 2021 earnings features and expected expansion in 2022.

In reality, in step with Bullhorn, virtual transformation is the trade’s 2d absolute best precedence proper after candidate acquisition.

But here is the rub. Whenever an company upgrades a instrument software, there is a chance that it would possibly not absolutely combine with its different HR apps—and that may create the will for guide workarounds that defeats the entire level.

Payroll instrument does not function in a vacuum; it must seamlessly get right of entry to information from HR control, time and attendance, and advantages instrument.

Seamless machine integration provides many advantages. It saves time (no reproduction information access wanted), improves accuracy (no inconsistencies from app to app) and decreases mistakes—all which translate to advanced hard work prices.

So, it is not sufficient to make a choice nice payroll instrument. You additionally want instrument with a powerful Application Program Interface (API)—and a provider that will ensure a easy, whole integration.

3. Find a Vendor That Can Support You

Recently, the Global Payroll Management Institute surveyed employers about what they prized—and loathed—about their payroll providers. Nearly 45% ranked deficient customer support as a big shortcoming.

Or as one staffing payroll skilled instructed PrismHR, “Half the time when I call the support line, I know more than the technician on the other end of the phone.”

“Then, I have to call multiple times until I get someone who can actually help me.”

Poor customer support impacts staff, too, when they may be able to’t simply get solutions to elementary payroll questions.

There are payroll suppliers available in the market that don’t best satisfaction themselves on offering very good customer support and reinforce, but in addition be offering mobile-friendly, self-service portals that give staff get right of entry to to their hours, gathered paid day without work (PTO), test stubs and extra .

In different phrases, discover a payroll dealer that goes the extra mile to make their clients–and their people–happy.

It’s Time to Ease the Pain

Payroll processing is just too major to the luck of a staffing company to accept a machine that:

  • Creates its personal set of issues…
  • Requires intricate workarounds and hours of guide hard work…
  • Creates compliance problems and leaves your body of workers feeling unsupported…
  • Isn’t in reality designed for the staffing trade…

Staffing corporations desire a payroll answer designed for them—whether or not they procedure payroll themselves or outsource it altogether. Prompt, correct payroll is necessary to what you are promoting, and opting for the right payroll solution is more important than ever,

In different phrases: paycheck, test .

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