How can payroll staff work more efficiently and more effectively to achieve the best performance?

According to a study of companies with annual revenues between $740 million and $127 billion, the first quartile companies are saving 3 times more a year in payroll cost than the vast majority of others.

The research, conducted by The Hackett Group, shows

•  The businesses in the top-quartile spend an average of $117 per employee, while bottom quartile companies spend an average of $407 per employee on payroll - more than 300% differential .
•  In first-quartile companies, an average of 715 employees are supported per payroll staff versus 208 (or less) employees per payroll staff in the bottom-quartile companies.

We believe efficiency is the key for success. The goal of this website is to provide multiple ways and tools, as well as information about the best payroll procedures and controls to help businesses achieve the first quartile results. Mastering the best practices will give great help to finding the optimal balance between the cost of payroll and the level of services provided to employers.

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Payroll Benchmarks and Analysis 2007

This exclusive IOMA study, conducted by IOMA's research and editorial staff, reveals clear, concise benchmark data to help you set productivity goals and control you payroll costs.

Payroll: A Guide to Running an Efficient Department

This book will help anyone who is responsible for a payroll department to manage payroll functions with the maximum efficiency and within compliance requirements. It will demonstrate the optimal methods for the basic functions of payroll through to year end and management.

Author information:

Vicki M. Lambert

CPP (certified payroll professional), is a respected consultant, lecturer, and author of many books and articles. She lectures extensively throughout the United States on payroll administration and compliance issues for clients that have included Automatic Data Processing, CCH Incorporated, Ceridian Employer Services, and The Employer Group. She conceived of, created the teaching materials, and coordinated the program for the certificate in Payroll Practice and Management offered at several universities nationwide. Lambert has been a guest lecturer at the American Payroll Association Annual Symposium and the American Society for Payroll Management Forum and Trade Show, among others. She has written articles for the Payroll Practitioner’s Monthly State Tax Alert (IOMA), The Payroll Advisor (Aspen), California Payroll Compliance Report (ProPub) and Wage-Hour Compliance Report (ProPub), and she is a monthly contributing editor for the Payroll Practitioner’s Monthly (IOMA).

News & Discussions:

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PayCycle Payroll Plus 2008

PayCycle Payroll Plus 2008 is an online payroll preparation service for fairly small businesses.

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