Common Payroll Mistakes
A smooth payroll process in your organization is like oxygen—when it’s there, you hardly notice it; when it’s missing, you can’t think about anything else. That makes payroll one of the least appreciated yet most important functions within a business. Payroll, when done well, can keep employees satisfied and help your organization stay safe from legal consequences. On the other hand, when payroll mistakes crop up, their impact can ripple across an entire company.
The 5 Most Common Payroll Mistakes-
With a process as complex as payroll, there are numerous places where organizations can make mistakes. Here are some of the most common payroll errors to watch for in your company.
#1 Misclassifying Employees
#2 Miscalculating Pay
#3 Missing Payroll Deadlines
#4 Neglecting to Send Out Tax Forms
#5 Failing to Keep Complete Records