Glossary of Human Resources Management and Employee Benefit Terms
A way to simplify and accelerate the act of paying employees on time and accurately. Payroll people love payroll software because it usually calculates withholdings and deductions, processes direct deposits, gives employees self-service access, provides full-service tax filing, generates payroll-specific reports, and has the ability to print checks. To help make the payroll process even easier, many companies offer integrated HR and payroll to help reduce the need for data double-entry and provide a more streamlined experience.
For many organizations, payroll is stressful, overly complex, and time consuming, requiring hours or even days of preparation. TRAXPayroll makes running payroll easy, quick, and stress-free. Thanks to a simple three-step process and a deep integration with BambooHR, you can be confident your employees are being paid on time and accurately every pay period. TRAXPayroll files federal and state taxes on your behalf, gives you access to over 100 standard reports, and provides exceptional customer support to ensure you stay compliant. With TRAXPayroll, you’ll save time and worry on payroll—setting you free to focus on other important initiatives.
Payroll is your biggest expense and you cannot afford to get it wrong. Learn how to use compensation as a recruiting and retention strategy, and boost productivity.Watch Now
How you handle compensation will have an impact on your organization’s ability to engage its employees, attract new talent, and retain your best people in a competitive market.Download Now