Upfront: Best Practices Bring Down Payroll Costs
- Topics:
- Payroll
- Source:
- Penton Media
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Overview: This insight from a study, conducted by The Hackett Group, revealed that World-class companies save millions of dollars a year in payroll costs by adhering to some basic best practices, including streamlining the flow of data, increasing control over changes and creating end-to-end owners of payroll processes. The research shows that businesses in the bottom quartile spend an average of $407 per employee on payroll, while top-quartile companies spend an average of only $117 per employee, more than 70 percent less.
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Format: HTML | Date: Apr 2004 | Pages: 2
