Punch to Paycheck

We came across a very useful article on payroll best practices, and wanted to share it with you – with updates.

According to Business Finance magazine, there are six important best-practice points to remember when aiming for the most efficient and accurate payroll process.

1. Integrate payroll with other systems and migrate to the Web.

Great advice, which is why it’s so important to choose a time and attendance tool that works with your existing or new payroll applications.  We understand that today’s marketplace requires flexibility, and that’s why iEmployee has built an integration platform that allows you to choose and change providers as needed. See the full list of payroll providers we integrate with here.

2. Customize pay delivery for various employee segments.

Whether you cut checks, use direct deposit or issue payroll debit cards, you can allow your employees access to their own paystubs. With iEmployee Online Paystubs, you can easily and affordably transition to a 100% paperless solution and make paystubs available online to your employees. Learn more here.

3. Understand your culture and develop strategies to fuel adoption.

You can’t force employees to adapt to your pay system, and “success usually involves pursuing a variety of strategies” anyway, according to the article.

Again, iEmployee offers a variety of inputs for time and attendance - traditional punch clocks, online time entry and even IVR – and works well with whatever pay systems you implement.

4. Consolidate payroll processing and minimize pay cycles.

Whether you choose a biweekly, a monthly or other pay cycle, we work with you to customize iEmployee tools to your needs. It’s important for use to understand your payroll processes, and implementing iEmployee tools is a great opportunity for you to reconsider your pay cycles.

5. Outsource when appropriate.

If you’re completely overwhelmed and unable to optimize for efficiencies, it may be time to turn to an outside vendor to handle your payroll – even if it’s just for data entry.

6. Build effective reporting and analytics into payroll systems.

One of the benefits of an online payroll tool is that all data you see as an administrator is in real time. Assess PTO and eliminate buddy punching with a more transparent system that keeps employees honest and helps you identify ways to streamline payroll. And with iEmployee, you can even download reports to .csv or Excel to view it all at a glance.