Those companies, regardless of size, that integrated a form of "Root Cause Analysis" (RCA) within their organizations were found to have increased their WPM and the overall efficiency of their payroll departments. These companies were found to have higher bottom line revenue and shorter time to gross pay amounts than those companies that did not use RCA (Cheek 21). Those companies that have integrated efficient payroll protocols, the study revealed, spent less time on the day-to-day aspects of Workplace Management and therefore could focus critical resources and attention on more vital aspects of the companies business (Cheek 23). Those companies that improved the efficiency of their WPM were found to use 58% less critical resources compared to other companies in their peer group (Cheek 23). As a direct result, these companies were able to generate more payroll record requests, reduce the waiting time for payroll checks and were faster and more effective at providing various governmental agencies with the vital reporting information they requested (Cheek 24).
The study reached the overall conclusion that those companies with integrated payroll software platforms that increase overall effectiveness and efficiency operated on a higher level than those companies that did not (Cheek 25). Those companies with vastly improved WPM protocols and efficient software architectures in place reduce the payroll complexities by a factor of roughly 4 times the average wait time for a payroll request compared to other companies within the study (Cheek 27). The study divulged relevant date pertaining to those companies within the study that had demonstrated an seamless interface between software platforms and payroll processing.
Those companies that were successful in achieving this interface used 48% fewer corporate resources dealing with payroll issues and compliance problems (Cheek 26). Also, these companies were five times more likely to form relationships with other businesses and units to manage time off and leave of absence matters by holding individual managers accountable for these practices (Cheek 26).Furthermore, this study revealed those companies that had sufficiently created a seamless interface were three times as likely to work with specific units within the organization and other operation centers to adequately develop and enforce attendance policies within the entire company (Cheek 26).
One of the more critical aspects of this study was that those companies with highly efficient Workforce and Payroll Management systems were able to streamline their payroll, benefits and human resource applications; whereas approximately 20% of companies within this peer group engaged in "dual data entry" practices-entering the same data in two separate platforms (Cheek 26). This process leads to increased delays in payroll and benefit processing as well as increasing labor costs in entering this data. Lastly, this study found that those companies with improved WPM platforms and policies were more confident in their wage and hourly compliance status that their peers in the study group. Out of the 100 companies studied, only 27% were concerned with their hourly wage structure and compliance status (Cheek 26). Those companies with efficient WPM and payroll interfaces and software platforms demonstrated a higher level of competency, management effectiveness and overall productivity as compared to those companies that had outdated, ineffective and gross inefficient WPM systems and payroll platforms.
Effective Implementation
Given that the conceptual framework has been constructed to lay the foundation for why efficient payroll processing software and it architecture needs to be integrated into a business it is logical to turn this analysis to specific software platforms that can be utilized to improve payroll processing and improve overall productivity. These platforms will be discussed for their scalability, technical abilities and overall projections to improve productivity in the area of payroll processing.
Payroll often costs companies tens of thousands of productive hours per year and tens of thousands of dollars to process, not counting the correction of errors and the more complex tasks of managing tax reporting (Tinsley, 37, 38). There are many opportunities for using it to increase the productivity of payroll processing within organizations. The rapid growth of Software-as-a-Service (SaaS) continues to fuel adoption of payroll processing applications in small and medium business (Roberts, 24, 25). The question of whether using SaaS-based payroll applications to increase the productivity of small and medium businesses has yet to be empirically validated or refuted however. That is the focus on this proposed research.
Small and medium company business owners, their financial experts including the Chief Financial Officers (CFOs) and accounting managers all are concentrating on improving the expense to revenue ratio and are interested...
The goal of any hospital is to provide the best quality care that they can at the least expensive cost possible. The way that they do this is by having the right staff in place to care for patients in the most effective way. Scheduling has notorious caused issues within nursing units. Using an automated system allows for nurses to spend more time and attention on patient care and less
Software-as-a-Service in Accounting: Current Best Practices IV. Research Methodology V. Analysis of Results VI. Conclusion and Recommendation's VII. Appendices and References Literature Sources The following are the literature and secondary research sources that will be used for completing this analysis. ABI Inform, Data Monitor, EBSCO Host, Hoover's, Lexus/Nexus and IBIS Research are the secondary sources of data, which will be used for this analysis. Additionally, research from Forrester Group, Gartner Group, International Data Corporation and
Three years later, the company improved its picture clarity and introduced the "emotional intonation" feature, considered important components of visual language. But at present, only 10% of the deaf and hard-of-hearing know about VRS. The Internal Revenue Service refuses to accept VRS calls. And VRS can be performed only with high-speed internet access. But companies, like Sorenson, provide videophones for free. Those who have no high-speed internet access or
" (2008) Williams finally state that dynamic computing can enable innovation through enabling it departments to shift "from a 'light on' operation to a proactive, forward-looking approach." (2008) SOCIAL CONTRACT The work of Edward M. Rizzo and Leslie a. Worsley entitled; "Emerging Technologies and the Internet Enable Today's E-Workforce" states that with the changes occurring in today's workforce "management requires a new way of thinking. The tools driving organizational effectiveness shave changed
The printing press is a subject of the evolution of technology and has existed for over five hundred years (Eisenstein, 2007, p 87). Looking back into the way the printing press functioned at the inception is an environment characterized by intensive labor and collaboration of efforts to bring to birth probably one of the most significant sources of information existing in the present age (Eisenstein, 2007, p 102). The
Traditionally, reducing payroll has meant laying off staff. Although this has the intended effect of cutting costs, there are negative effects as well that may counter this strategy. Centralizing certain processes can also result in a need for workers. However, other options may be available to help cut payroll costs, including converting employees to a merit pay system. Whichever option an organization determines is appropriate, careful consideration needs to
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now