Payroll

1. Payroll Errors and how to
Avoid Them
Synerion Workforce Management
Solutions

2. What is Payroll?
• In most general terms payroll refers to the amount paid
to an employee in a particular pay period for their
given service to the employer
• The primary tasks of the payroll department in a given
organization is to ensure that the company’s
employees are paid the correct amount based on their
wage, hours worked and deductions
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3. Determining Payroll
• In an ideal world determining payroll for an employee would involve simply
taking the number of hours worked in a particular pay period and multiply it by
the employee’s hourly wage
• However the real world is much more complicated
• Organizations must take into account:
• Sick days
• Vacation days
• Provincial/State taxes
• Federal taxes
• Benefits
• Retirement Plans
• Unemployment Insurance
• Etc
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4. Impacts of Determining Payroll
Incorrectly
• Statistics have shown that nearly 33% of employers have
made significant payroll errors
• There are a variety of impacts this has on the organization
and its employees such as:
• Possible legal conflicts
• Decreased morale
• Lower workforce productivity
• Higher levels of attrition
• Etc
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5. The Solution to Avoiding Payroll Errors
• An automated time and attendance solution is a great
way to ensure that your organization’s payroll is 100%
accurate and complies with all labor and governmental
regulations
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6. What is an Automated Time and
Attendance Solution and How can it help
• An automated time and attendance solution uses
hardware and software to accurately calculate payroll
• Employees punch in to work using a time clock and
punch out when they are leaving
• The time clock is connected to software which stores the
days and hours worked and other employee information
• At the end of a pay period the system automatically
calculates the appropriate amount to pay each
employee including all applicable deductions (taxes,
insurance, etc)
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7. For more information on workforce management solutions
visit: http://www.synerionwfm.com/