Whether you’re a small business owner or a large enterprise organization, process gaps in your payroll operations can have adverse outcomes for your business. Not to mention the manual bookkeeping you’ll have to complete for every employee, twice every month. Payroll is so challenging to get right because of ever-shifting payroll laws and jurisdictions, tax ramifications, expansive and global workforces, changes in timesheets, and benefits elections. The problem with payroll, however, is that it has a propensity to be late, error-prone, and requires lots of manual work. The cost for replacing employees for a companies’ bottom line. As a result, ensuring that your payroll processes are optimized is essential to driving revenue and reducing employee churn-the cost of employee turnover is expected to be as high as $680 billion by 2020. Research suggests 82 million US workers have experienced payroll errors, with 42% of them feeling discontent because of these errors. Yet payroll that’s fast, on time, and accurate is critical to delivering a seamless employee experience and driving retention. Manually keeping employee data up-to-date across the many different HR technologies that you use in your day-to-day work can prevent you from tackling more-strategic initiatives, such as employee engagement and workplace transformation. Particularly, payroll processes can be time-consuming and error-prone, especially as your organization scales. HR teams have their hands full as they work to manage all the processes that make up the employee lifecycle. ADP Workforce Now: HR and payroll challenges Otherwise, use the table of contents above to jump to the section you need or read on for the full blog. Already an expert on ADP applications types? Hop directly to our review of the Workers v2 and Pay data input v1 APIs. In this guide, we’ll break down how ADP Workforce Now APIs can help you streamline HR and payroll processes.
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