Updated: Nov 16, 2022
As a payroll professional, you settle for nothing less than perfection. You put in long hours to ensure that the payroll ship is always running smoothly. The process can be exhausting, but it’s nothing that a little rest and relaxation can’t fix, right? Wrong. A single week off often means several weeks of playing catch up post-vacation, and with all the added stress upon returning to the office, you’re forced to ask yourself if taking time off is even worth it. At RJ Reliance, we have a solution that will eliminate your headaches and have you on your way to the stress-free vacation of your dreams.
Payroll employees carry a huge weight on their shoulders as they must ensure that all employees are paid accurately and on time. One slip-up can lead to disgruntled employees, risk, non-compliance, and tax penalties. The best way to ensure that excellence is maintained every payroll period is by documenting critical procedures. Process documentation allows payroll processes to run smoothly, even when the professionals are out of the office. These documents serve as a sort of payroll “cheat sheet” so that payroll employees can head into their vacation with the peace of mind that people will still get paid despite their absence.
THE COST OF NON-COMPLIANCE
For any company to succeed, compliance is crucial. Fines can erode your bottom line, decrease employee morale, and jeopardize your reputation. Compliance isn’t optional, and non-compliance is costly. The average cost for organizations that experience non-compliance problems is $14.82 million. Process documentation offers an opportunity for cost-savings across your organization.
SAY GOODBYE TO BURN-OUT
Payroll is a complicated process that takes years of experience to master, and without adequate work-life balance, you run the risk of burning out. What happens if one of your payroll professionals needs to take a leave of absence? Is your company prepared to pick up where they left off? By taking the time to craft highly detailed process documents, payroll employees can take that much-needed time off knowing that even anyone on their team, from intern to executive, has the information necessary to fill in for them.
MINIMIZE TAX PENALTIES
The harsh reality is that 33% of small businesses face penalties because of simple and avoidable payroll tax mistakes. Payroll professionals are only human, and mistakes may occur, but organizing and documenting payroll processes can help your company catch these mistakes early.
RJ Reliance will shadow your team and ensure that your payroll processes are documented concisely and accurately. With over 100 years of collaborative payroll experience, there is no question that we can’t answer. With our level of expertise, we will ensure that you reduce risk, maintain compliance, and achieve 100% payroll accuracy 100% of the time. The experts at RJ Reliance are ready to assess your payroll system and create the procedural documentation your organization needs to ensure compliance- and that stress-free vacation!