The Real Cost of Payroll Errors and How to Avoid Them

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Date & Time: Tuesday, February 28, 2023 at 3:00 pm ET

Speakers:

Steve Boese, H3 HR Advisors Co-founder

Ken Nagle, Senior Manager, Ernst & Young LLP

Jasmine Sievert, Workforce Marketing Partner (jasmine.sievert@paycomonline.com)

Sponsored by:

Description:

Attend this webinar to learn about the real cost of payroll errors and how you can avoid them with Paycom.

Employees don’t just work to get paid — they work to get paid correctly. Despite this, Ernst & Young (EY) reports 1 in 5 payrolls contain errors. Each error costs a business $291 on average. One 1,000-employee business EY studied spent nearly $1 million fixing preventable mistakes each year.

EY also found a full-time payroll employee spends over half a year correcting common payroll issues. Noncompliance takes its toll, too. EY discovered annual regulatory and litigation costs reach up to $100,000.
Payroll issues need to be resolved before inaccurate pay hits an employee’s check. If you’re tired of unnecessary mistakes, join this webinar to hear:

• the consequences of payroll errors
• the five most common issues and what they cost
• how HR tech helps HR professionals invest more time in higher-reaching goals and initiatives

Register here!

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