5 Common Payroll Myths Debunked
Both small and big enterprises do their due diligence to stay afloat and remain competitive in the fast-paced business world. Payroll processing is a crucial task that must be handled with due diligence as it has a direct impact on employee experience. However, many succumb to false information or myths when it comes to effective payroll management. With the massive amount of data involved in payroll processing, the chances of error are more plausible and common than you think. Manual processing of payroll is a cumbersome process that can lead to a sloppy and error-filled process. Organizations involved in manual payroll processing often undermine the huge benefits that an automated Payroll Processing System brings to the business. If you believe that salary calculation is all that payroll processing entails, then it is perhaps the biggest myth that needs to be busted. So before these myths hinder the growth of your company, let us debunk them for you. Myth 1: Managing payroll in-...