No matter an employee’s specific role in an organization, one topic is most likely top of mind: their paycheck.
Ensuring people are paid accurately and on time is perhaps the most important aspect of running a successful business. But payroll administrators shouldn’t be the only ones who understand a paycheck.
As more and more employees expect anytime access to their personal information, increased insight into their paychecks is becoming more and more in demand. Providing employees the opportunity to view their pay information in advance—or even calculate future take-home pay based on hypothetical changes such as new earnings or deductions—can save valuable time and reduce stress.
Indeed, organizations receive an average of 1,150 calls and emails about employee pay each year, according to Bloomberg BNA.
When you crunch the numbers, providing increased pay insight clearly pays off.