When it comes to manual tasks, all of us benefit from doing less. A zero-turn riding lawn mower outclasses a push mower. A leading mind in mathematics can’t crunch numbers faster than a calculator.
In short, tech makes our lives easier. Yet most businesses still lag behind in a particularly high-stakes area: payroll.HR and payroll personnel lose so much time simply maintaining this core business function. In fact, Ernst & Young (EY) found it takes one person 29 workweeks per year to correct a 1,000-employee payroll. That’s over half a year of productivity needlessly lost.
Enter employee-guided payroll. This industry-first innovation automatically identifies errors, such as missing hours and expenses. Then it leads workers to fix those issues before submission. Instead of painstakingly building and running payroll, HR simply oversees it.
Paycom provides transformative HR and payroll software for the entire employee life cycle. A single, easy-to-use software empowers employees to access, manage and update their own HR data — from benefits and PTO to direct deposit and everything in between — all under the same digital roof. The transfer of responsibility from HR to employee increases accuracy, security and compliance; improves the overall employee experience, thus boosting retention levels; and frees HR to focus on driving greater business value.