Whether you are a startup company or a veteran in your industry, there will come a time when you will need payroll resources. Sure, it may seem like an easy thing to check off your to-do list. So, you probably go to Google and type in “payroll resources.” Within a nanosecond, a bunch of advertisements, followed by an endless list of payroll companies, appear before your eyes. What seemed like a cakewalk just two minutes ago has suddenly become a daunting task. You feel like you are in the middle of the jungle, searching for an elusive plant to alleviate your woes.
Before you close your laptop and decide to procrastinate out of frustration, let’s identify ways to quickly and efficiently weed through that flood of information. In no time, you’ll discover the payroll resources that will best serve you, and you’ll be on your way to checking off the next item on your list.
Which payroll resources are you looking for?
Now, the thing about payroll resources is that payroll companies can provide a wide spectrum of services. Here are just a few of the top payroll resources business owners use:
- payroll processing
- direct deposit
- tax filing
- W-2 and 1099 management
- state and federal unemployment insurance
- wage garnishments
- PTO tracking
- payroll reporting
So, you will want to know specifically which resources you need before you begin your search. Narrowing your search will help you weed out the unnecessary faster.
Where are you searching for payroll resources?
Although many of us are accustomed to heading straight to Google for our starting point, let’s remember another way to get the resources we need. Remember back in the days before Google? Maybe not, I suppose. If you don’t remember those days, ask a parent where he/she used to find resources. There’s a good chance your mom used to call the neighbor to find a plumber for the leaky faucet. Your dad probably asked his best friend which mechanic had the best reputation working on Cadillacs.
Nowadays, there are formal networking groups that specialize in making connections between business owners and a variety of resources. Payroll resources are certainly among the most sought-after resources, as most businesses need them in some capacity.
If you already have a payroll provider, that is probably the best place to start. In fact, your payroll provider will quickly be able to recommend the ancillary products and services they offer. That way, you can keep all your payroll resources under the same umbrella.
How quickly do you need the payroll resources?
The thing to remember about turnaround time for payroll resources is that you can’t typically get them overnight. In other words, if you want someone to process payroll for you, there might be a one or two week turnaround time. This is because there are certain things that need to be done before a payroll company can take over your payroll. These things include auditing your prior payrolls (assuming you are starting in the middle of a year), setting your company up as a new client, and gathering bank account information for your company.
Therefore, it is important that you go in with the appropriate mindset, understanding that you will need to be patient with the process. In a nutshell, the turnaround time will depend on the resources and features you need.
Who will be handling your payroll resources?
Another thing to consider is who will be the person responsible for handling your payroll resources. Specifically, will you be managing things in house, or will you be outsourcing?
Now, you may be thinking, “Well, I want to process my own payroll, but I want someone else to cut the checks for me and handle the taxes.” Ok, that’s easy enough. So, you want to be able to actually enter the hours and hit “submit,” but you don’t want the responsibility of keeping check stock on hand or figuring out taxes. That’s completely understandable, and there are payroll resources that can do this very thing.
Thus, this logic can be applied to just about any of the payroll resources you could need. There are flexible options for maintaining various levels of control. That’s right—there’s a little something for everyone, from the control freak to the wild hair.
Why Journey is different from other payroll companies?
Well, this is where we consider how Journey shines compared to our competitors. It’s no secret that business owners have innumerable options for payroll resources. While Journey may not be the largest payroll company out there, we understand payroll and the accompanying payroll resources just as well as the big guys. We keep a customer-centric focus, and our vision for you is that our payroll resources will take the hassle out of your day. To us, you will never be just a number. We are partners, and through our partnership, we will make sure you have the best payroll resources.
How does your future look with the proper payroll resources?
Hopefully, you’ve now considered the specific payroll resources your company needs, and you know where to find them. Your machete is firmly placed back in its sheath, and the hunt is over. Also, you should have set appropriate expectations for the required turnaround time for implementation. Now you can begin diving into the setup process so that you can eliminate some of the daily hassles that have been stressing you out.
Furthermore, you now know that your payroll provider can be a great resource for other business-related items. So, if you are looking for something else for your business, you can feel confident asking your payroll provider. Payroll companies have a reputation for networking and providing helpful word-of-mouth experiences for all kinds of business needs.
One more thing to remember: don’t forget to refer other business owners so they can also benefit from payroll resources through outstanding service providers.