Finding the correct payroll solution for your business can be daunting. There is so much to think about.
What systems and reporting do I need?
Will it be easy to use? What will it cost me?
What about storage? How will I train my staff to use it?
Will it be accurate? Am I better to out-source my payroll?
There answer is, there is not one size fits all approach! Your decision will most likely be based on what your needs are.
Many systems are now cloud based, removing the need for masses of in-house data storage.
Employees are now more mobile than ever, with 2.1 million New Zealanders now owning smart phones.
We live in a changing world, our systems, including payroll, need to keep with the ever-changing business landscape. There are many clever systems on the markets now that use mobile devices to capture time and attendance and record any leave the employee is taking.
The financial investment of these systems will depend, again, on your needs.
Job costing is now prevalent in the payroll world as employers seek to understand the costs associated with certain tasks within the business and extrapolating the data to better understand the associated financial gains.
There are many options, but like other products or services, the quality of the end result of such systems is intimately and ultimately influenced by the quality of the input.
Make sure you are not investing in a solution that will not meet your needs.
Employees are your biggest asset, so let's look after them by making sure your business has the best payroll solution. Remember that you rely on this system to accurately record and pay your staff.