Ten Best Practices to Prevent Payroll Headaches
By Bob Carr Chairman & CEO, Heartland Payment Systems | February 06, 2011
Co-authored by Mark Strippy, President/Executive Director of Payroll Services, Heartland Payments Systems.
Payroll is likely one of the biggest expenses your hotel incurs - and one that can cause the most headaches. It's one thing to have an unhappy guest … but an unhappy employee - or worse yet, a suspect government office - can have a significant impact on your business.
Many of those headaches are avoidable by taking the appropriate steps from day one with the onboarding of a new hire... to making changes to an employee's status, position or compensation level... all the way through to retiring an employee from service.
The Best of the Best Practices
With everything from health care reform to closing the tax gap being headline news in recent years, it's no wonder payroll is on the mind of many business owners. And in the lodging industry - with its multitude of roles within each organization as well as varying schedules among employees - processing payroll can be a considerable effort.
This complex issue is certainly worthy of the attention, but it doesn't have to be a source of great stress for you and your staff. Knowing how to avoid problems and staying on top of changes to policy can make the task of processing payroll run smoothly - and make pay day the quiet success that it should be each period.
The following 10 best practices for payroll processing can help you avoid some common mistakes - and know what to expect from your in-house or outsourced payroll processor.