Leave administration is one of the most challenging aspects of workforce management and an area that continues to become more complicated as leave regulations—and lawsuits—increase. For employers, having to understand and comply with complex federal regulations, such as the Family and Medical Leave Act (FMLA), in addition to myriad local laws, union rules and company policies can be overwhelming. The task of complying with these many regulations often consumes a great deal of time for HR teams, especially those operating across multiple geographies.
Published By: Paychex
Published Date: Apr 01, 2013
A 401(k) plan is a valuable benefit for employees, but the burden of administration and paperwork can leave employers wondering if it's all worth it. That's why many business owners choose to engage their payroll service providers as recordkeepers for their company retirement plans. Payroll processing and 401(k) administration are a powerful duo. A fully integrated payroll and retirement plan solution can greatly reduce manual processing associated with 401(k) plans, allowing employers to spend more time on the strategic aspects of running a business.
Companies can realize significant savings with an automated absence management system. Download the Optis study to see how one company saved over $8 million by reducing lost time and getting a handle on leave.
When employee absences can make up 36 percent of an employer’s payroll, companies need to manage leave without adding costs. Find out how an integrated system will improve the bottom line and bring people data together.
Integrating leave and workforce data doesn’t have to be overly complicated. With the right plans, you can make the business case to implement an integrated database so you can get the people answers you need.