According to a 2017 report from the U.S. Bureau of Labor Statistics, payroll professionals support more than 152 million American workers every payday. For organizations seeking to gain an edge in their employee engagement initiatives, the payroll department is a valuable resource capable of making a vital and instant impact.
When paychecks are accurate and delivered on time, employee satisfaction goes up. And the opposite is certainly true—there’s no faster way to create unhappy employees than by getting their wages, deductions, taxes, or direct deposit accounts wrong.
While many bosses may take for granted that their employees know how to read a paystub, the new “Engaging Employees through Payroll” survey from The Workforce Institute at Kronos Incorporated has found that 42% of American workers—a staggering 64 million people—find their pay stubs confusing and difficult to read.
With its close connection to the employee experience, payroll has an important role to play in creating and supporting employee engagement. Utilizing technology solutions helps reduce costly and potentially engagement-ending errors and allows payroll experts to excel and take on a more strategic and proactive role in supporting organizational transformations.
About Kronos for Payroll
Kronos® Human Capital Management links payroll and time and attendance data to improve compliance, processes, and data visibility—allowing your payroll team to shift focus to executing on objectives that advance organizational goals and improve bottom-line results.