Running and auditing payroll might be one of the least glamorous - and most stressful - parts of running a business. In this episode, we’re sharing how to prevent making payroll the “Highway to Hell” through strategic tracking, laws and policies, and having the right person running payroll for your organization.
Some key takeaways from this episode include:
In small organizations, the business owner is usually the person doing payroll, even though they’re tracking so much data in their heads. The best person to do payroll is someone who knows your HR handbook front and back.
There are laws you have to follow regarding sick time, paid time off, and the like. Whoever is processing payroll needs to know those policies, know which employees qualify for PTO, and track how much PTO employees are taking.
You need a time tracking system for your employees. There are so many online tools that allow employees to track their time that also sync with your payroll software.
Your Human Resource is the podcast for business owners and managers to learn more about the technical and strategic components of human resources. Hosted by the team behind Core Business Resources HR, a niche HR consulting firm, this podcast is a resource for you to get all your human resources questions answered!
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