GET SOFTWARE MATCHES

HRIS and Payroll Compliance

A HRIS can help your company manage payroll correctly and automatically, which then leads to compliance issues being handled without any extra effort.

payroll compliance

How HRIS Can Help with Payroll Compliance Management

Payroll is one of the most important aspects of human resources management. If payroll is managed efficiently and properly, employees will be paid on time and the correct deductions will be made and sent to the appropriate places. If payroll is not managed properly, employees may quit or complain. Sometimes, hefty fines can even be levied against your company, affecting the bottom line and the company’s ability to function.

HRIS can help your company manage payroll correctly and automatically, which then leads to compliance issues being handled without a thought or any extra effort. In addition to making deductions and proper distributions, a HRIS can also help ensure reports are filed correctly and punctually. Having a HRIS handle these functions can help to reduce the likelihood of tax audits, improve the odds of passing an audit, and minimize the chances of being penalized for non-compliance issues.

Provides Up-To-Date Information about Payroll Compliance Needs

Payroll compliance needs are constantly changing, so it may be difficult for HR managers to keep up with the requirements. A HRIS can be set up to send alerts when compliance needs change. A HRIS also comes in handy as it provides in-depth information about how to comply with new requirements. This can save time and help to ensure that the business is always on track with compliance needs.

Automatically Stores Needed Data

Specific types of information that are pertinent to compliance needs must be stored for a set amount of time, such as four years for all FICA and FUTA information. When payroll is managed within a manual system, this information may become lost or separated, which makes it difficult to find in the case of an audit.

A HRIS makes it easy to store even large amounts of data without sacrificing space. It also improves your ability to recall the information in an instant, and simplifies the purge process when data is no longer needed.

Assists with Scheduling to Fair Labor Standards

Complying with the Fair Labor Standards Act can be tough in certain circumstances, especially when minors are employed. A HRIS can be set up so that it isn’t possible to schedule minors more than a certain number of hours.  Alerts are also sent out when employees reach a certain number of hours in a day or week and need a break or are coming close to overtime. Having these set rules in a HRIS can make it easy to act within the law without constantly having to pay overtime or review schedules.

Makes It Easy to Send Required Reports

Certain reports must be filed at various times of the year with certain government agencies to prove compliance. A HRIS can be set up to alert managers when these reports are due, which will ensure that they will be sent out on time with all of the required information. With the right systems in place within a HRIS, sending reports can be as simple as clicking a few buttons and hitting “send.”

Software Match

Get matched for free with top HR software.

How many employees are in your organization?

Select the software features you need.

We are matching your needs with the software in our database.

We found matches!
To get the shortlist, please provide your contact info.

By clicking the button above, I agree that Matchr and its approved vendors may use my information to follow up on my request. I also accept the Terms of Use and Privacy Policy.

We are sorry, Matchr currently does not offer support to countries outside USA, Canada

Thanks for using our Software Matching service

Would you like to schedule a 5-10 minute meeting with a Software Advisor right now?

0%

7,292 people have requested their software matches !

User Friendly
100% Free
HR Tech Experts
Related Resources

How to Choose the Right HRIS Vendor

HRIS, or Human Resources Information Systems, can be a valuable tool for human resources managers and the entire organization. HRIS can ...

Payroll General Ledger and Taxes Defined

Payroll refers to the reimbursement that employees are provided with in exchange for services performed at a company. General ledger ...

HRIS System Impact To Companies

In the ever-changing world in which we live, new technology is continually being developed. This change requires organizational leaders to ...

Important Considerations When Buying a HRIS

Buying a HRIS is a huge decision. Any selection can alter the way your company handles its greatest asset – your employees – for years to ...

Used by top companies

Trusted by

GET MATCHED NOW