There’s nothing worst than a stiff payroll process that doesn’t allow employees to see exactly where their money is going and why. Employees want to feel reassured that their hard-earned money is being taxed correctly, the right amount is being taken out of each paycheck for health benefits and 401k investing and their yearly raise has kicked in.
Without the right payroll process, you may be at risk of confusing employees during the payroll process, which could lead to lower job satisfaction and burnout. The majority of employees want flexibility in the way of autonomy and are willing to find employment elsewhere if their needs are not being met, according to this article from Harvard Business Review. Focus on these things if you want to give employees the autonomy they deserve in the payroll process:
Focus on digital
In an age of innovation and a focus on technology, the majority of both current and potential employees expect streamlined digital processes that take care of company business. In fact, 81% of employees at digitally mature companies stated innovation is a strength of the company.
When understanding what you need for a digital payroll system, focus on a solution that provides an automated payroll, real-time calculations, paperless processes and employee self-service. You’ll also want to find software with a mobile-friendly interface that makes it easy for employees to access payroll data on the go.
Understand employee benefits
Studies show that half of employees don’t understand their benefits and 80% of employees never communicate about their benefits. Although many employees provide decent benefits, awareness of how the benefits actually work and how you should access them is a must.
Try presenting the information in an easily digestible way that allows employees to understand exactly what they’re paying for and what they should sign up for vs save money on.
Enable work-from-home processes
If employees can work from home on a remote or hybrid schedule, why can’t they manage their payroll and benefits from home? In a new hybrid work study of over 5,000 workers, it was found that 59% of respondents reported that flexibility is more important to them than salary and benefits and 77% of respondents said they would prefer to work for a company that allows remote work.
Learn more about how to simplify your payroll processes and give employees their autonomy by visiting Payroll Office of America. This product is the one shop stop for all your payroll needs with systems to manage HRMS, benefits, time and attendance, and more. Learn more by requesting a free product demo.
