Smooth payroll operations support employee engagement initiatives and allow your staff to focus on higher-level business goals.
However, the use of manual, outdated payroll processes can result in paycheck problems that can leave employees feeling frustrated and disengaged!
HERE ARE JUST SOME OF THE MAJOR PAYROLL ISSUES DOCUMENTED BY A RECENT SURVEY
OF AMERICAN WORKERS CONDUCTED BY THE WORKFORCE INSTITUTE™ AT KRONOS:
Paid too late, too little, or not at all
54% of workers have had a paycheck problem in their careers
Overpayments aren’t quickly reported
The average worker would have to be overpaid $464 before reporting it
Errors are costlier for workers living paycheck to paycheck
37% of workers have paid a personal bill late due to a payroll error, causing potential financial hardship
Perplexed by their checks
42% of workers said their paystub is hard to read
45% said they would feel more engaged if their employers helped them better understand their taxes and deductions
When enough is enough
Almost half of workers surveyed (49%) said they would start looking for a new job after 1-2 problems with their paycheck
Source: The Workforce Institute at Kronos, Engaging Employees Through Payroll survey (February 2017).
It’s clear that businesses must do more to help employees understand how they’re paid.
An automated workforce solution with mobile and self-service capabilities can help deliver clearer and more accurate paycheck information to employees — helping increase their overall job satisfaction and reduce costly and potentially engagement-ending errors.
Kerr Consulting is a total solution provider focused on delivering world class software tools to the small, medium, and large size business market. We specialize in business applications and cloud technology.
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