Articles results for: "tag:payroll"
HRO vs. PEO: What's the Difference?
When exploring HR-outsourcing solutions, many companies encounter two unclear and unexplained acronyms: HROs (Human Resources Outsourcers) and PEOs (Professional Employer Organizations). Since these three-letter terms often appear hand-in-hand, it's easy to assume that they refer to the same thing. ...
Most people use HRO when they're talking about either breed of service provider, so it's easy to get confused and assume that HRO is the blanket term for HR outsourcing. While HROs and PEOs do offer similar services, however, fundamental differences exist between the two approaches. And every compan...
The Top 10 Payroll Features in Accounting Software
More companies are ditching time-consuming manual payroll systems and costly payroll service providers in favor of their own software. Whether supplied as a standalone program or as a module within a unified accounting environment, a payroll software product should provide the automation, productivi...
1. Tax calculation: Determining tax amounts for each employee is a basic payroll function. Any product you consider should be able to handle federal/state/local income, Social Security, Medicare, federal and state unemployment and state disability calculations. If your business has any additional ...
How to Pick the Right Payroll Solution
Google the phrase "payroll software" and watch as more than one million hits populate your computer screen. No wonder companies are so confused when it comes to selecting a payroll solution that meets their budget, business objectives and work force composite. "Payroll is a very ma...
But while it may be the oldest HR activity, the days of manually calculating taxes, insurance, 401(k)s and employee earnings are long gone. Now, companies can choose from a wide selection of payroll options, from outsourcing to SaaS (Software as a Service). Here are some tips to help you pick a s...
7 Reasons to Use a Bank for Payroll Services
Many banks now offer payroll processing services. Should you use your bank's payroll service or stick with a firm that specializes in payroll? There are several reasons you may want to switch.
1. A bank's payroll service is just as good as a specialist's. A large firm that offers payroll services and your bank have a major similarity; neither has its full attention upon payroll, but both have enough resources to do it correctly. Smaller services that specialize only in payroll solutions m...
When Bigger Isn't Better: Businesses That Succeeded Despite Their Smallish Payrolls
This might come as a shock to some folks, but bigger isn't always better. A shock, to be sure. But pick yourself off the floor and listen. Big payrolls don't guarantee success any more than adding cheese to a recipe guarantees an instant gastronomic delight. Sometimes it works, and someti...
On the other hand, sometimes you can achieve great success with a smallish payroll. What really matters is making smart management decisions. It's those decisions that can make or break a company. And having happy employees helps too. Tom McMullen, leader of Hay Group's US Reward Practice...