The beginning of each year is a time for reflection and goal setting, especially for businesses. While your organization is looking forward to what’s to come in 2022, you should also be evaluating your current software for payroll. Q1 is the ideal time to update to a newer, more efficient web-based payroll system for these reasons and more:
You’re Working Towards New Business Goals: New payroll software can play a big role in helping you achieve your 2022 business goals. For example, a modern solution can free up your HR team’s time so they can focus more on recruiting, onboarding, or whatever area you’re hoping to succeed more in.
A New Tax Year Is Beginning: Make a clean switch to new software for payroll by transitioning early in the year. Payroll accuracy is key to preventing costly fines, so you should aim to find a reliable program and make a seamless transition into 2022.
PTO Has Reset: For most organizations, PTO resets on January 1st. Upgrading to better software for payroll at the beginning of the year makes it easier to support a compliant PTO policy, help your employees utilize their benefits, and ensure you always have enough staff working.
You’ve Set Your 2022 Budget: Since you’ve already taken a good look at your company’s budget for the year, now is a good time to determine how much should be set aside for payroll fees. The ideal solution will not only suit your budget but even help you cut costs by identifying ways to reduce overtime expenses and so on.