Using online payroll services can save small business owners and managers 95 hours of labor every year. Sound too good to be true? Believe it or not, it’s the truth. Here’s why.
Between calculations, paperwork, legislation checks, calculations, and report creations, an online payroll system takes about one and a half minutes per employee. Doing it manually takes 11 minutes per staff member. It’s a pretty big difference, but will it add up to a whopping 13.5 days worth of labor?
Assuming the small business has about 50 employees, an online payroll system would take a business owner about an hour and 15 minutes to complete the payroll process, whereas doing it manually would take about