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How to Choose the Right Payroll Provider: Platform vs Partner
Business Resources One
Mike Voories discusses the critical role of payroll in business strategy, emphasizing that payroll should not be treated as a standalone task but as an integral part of human capital management. He outlines the key features to consider when selecting a payroll provider, including applicant tracking, onboarding, time management, and compliance. Voories also highlights the importance of choosing between a platform and a partner for payroll services, explaining how each option can impact business operations. The conversation concludes with a reminder that effective payroll management can enhance employee engagement and support business growth.
Takeaways:
- Payroll is a critical part of human capital management.
- Decide what you want from your payroll provider first.
- Modern payroll solutions extend beyond just cutting paychecks.
- Integrated systems reduce errors and improve efficiency.
- Payroll connects directly to benefits and HR functions.
- Performance management is linked to payroll strategies.
- Choosing a platform offers flexibility; a partner provides support.
- Payroll data reflects key events in the employee lifecycle.
- The right payroll provider balances technology and strategy.
- Effective payroll management saves time and reduces compliance headaches.
Connect with Mike on LinkedIn: https://www.linkedin.com/in/michaelvoories/
BR1 website: https://BusinessResourcesOne.com
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