Payroll & Compensation Services

Payroll & compensation support when and where you need it.

Payroll Management

Payroll System

Align your HR and payroll strategy and operations to support company objectives

Payroll Services: An Overview

Payroll is the process of calculating and paying employees for their work. It includes tracking hours worked, calculating pay, withholding taxes, and issuing payments. Payroll is a complex process that is subject to a variety of laws and regulations.

The payroll process typically includes the following steps:

  1. Gather employee information. This includes the employee's name, address, Social Security number, and pay rate.

  2. Track hours worked. This can be done manually or using a timekeeping system.

  3. Calculate pay. This includes calculating the employee's gross pay, deductions, and net pay.

  4. Withhold taxes. Employers are required to withhold federal, state, and local taxes from employee wages.

  5. Issue payments. Payments can be made by check, direct deposit, or a combination of both.

  6. File payroll taxes. Employers are required to file payroll taxes with the government on a regular basis.

Payroll can be handled in-house or outsourced to a payroll service provider. There are a number of factors to consider when choosing a payroll solution, such as the size of your business, the number of employees, and your budget.

Here are some of the benefits of having a sound payroll system:

  • Compliance with labor laws: A good payroll system will help you ensure that you are complying with all applicable labor laws.

  • Reduced risk of errors: A good payroll system can help you reduce the risk of errors, which can save you time and money.

  • Improved efficiency: A good payroll system can help you streamline your payroll process and free up your time for other tasks.

  • Improved employee morale: Employees appreciate being paid on time and accurately. A good payroll system can help improve employee morale and productivity.

If you are a business owner, it is important to have a sound payroll system in place. This will help you ensure that you are compliant with labor laws, reduce the risk of errors, and improve efficiency.

We offer a suite of flexible operational solutions, including payroll management, payroll system interfaces, mobility compensation management, benefits administration, and HR workforce support. Our solutions can be customized to meet the needs of any type of employee, from long-term employees to short-term contractors to remote workers. We also offer ad hoc assistance and outsourced and co-sourced HR solutions, all staffed with professionals trained by RidgeBow.