Technology has definitely come a long way, payroll service providers have turned basic administrative functions into value-added employee experiences. But if you’re a small business owner who’s been paying employees on your own, working with an accountant, or have had a bad experience with one of the big payroll software providers, you might not be aware of what’s available to you by outsourcing payroll. For instance, many leading providers today offer features like employee self-service, mobile access, integration with time and attendance and electronic pay options.
Our Pinnacle HCM payroll checklist provides a guide to all of the latest payroll software capabilities, which you can use to evaluate vendors. When you find a payroll service provider who can handle all of your needs, you may have more time to focus on growing your business and your profits.
How to compare payroll services
What does a payroll provider offer? Here are some of the core features you should expect and look for when you compare payroll services or evaluate vendors:
Payroll processing
- Payroll calculations
- Delivery of employee pay
- Payment options: paper checks, direct deposit and mobile payment
- Direct contact to a payroll support specialist
Taxes
- Tax withholding and payment
- Wage garnishment processing
Time and attendance
- Integration of time and attendance tools with the payroll system to automatically share employee data
- Paid time off (PTO) tracking, including vacation time, medical/parental leave, sick days and personal days
Compliance
- Easy access to and filing of Forms W-2, 941 and W-9
- Notifications about regulatory changes in wage and tax law
Hiring
- New hire reporting
- Support for Form I-9 and Form W-4 paperwork
Online employee self-service
- Employee access to pay stubs
- Employee management of personal data and tax withholdings
- Benefits elections and management
Mobile access
- Employers can run payroll, create and manage timesheets, and check tax payments from any device, anytime
- Employees using a mobile device to clock-in or out can only do so within a designated geographic range
Reporting
- Reporting available across all aspects of the payroll process: payroll, tax and time and attendance
Integration
- Integration of payroll with related functions, like time and attendance, 401(k) and benefits to prevent redundant data entry and reduce errors
How Pinnacle HCM can help your business payroll processing?
At Pinnacle HCM, we offer small business payroll processing services to meet your needs, with flexible and affordable options that can save you time and help you comply with regulations. Unlike big payroll processing companies, we are here to provide you not only fast support but customer obsessed support. Our comprehensive HCM Solutions products also include a suite of HR features.
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