Accurate payroll, on time, every time.
The retail industry is bustling, and adding payroll to your list of tasks can be overwhelming. Payroll can be particularly intricate with retail shops due to varying factors between employees. So, how do you stay on top of every detail? You don’t need to, we’ll do it. When attention to detail is essential, using a PEO provider like ProSourceSolutions ensures that your payroll process is simplified. As an employee, there’s nothing worse than not knowing when you’ll be paid, and when you are, it doesn’t accurately reflect what you’ve worked for. Put your employees first, and choose an approach that prioritizes their satisfaction.
We understand that timely and accurate payroll can demand a lot of pressure from an employer. But it doesn’t have to be so complicated. We’re dedicated to simplifying your processes and providing your business with a payroll function that doesn’t fail. Make payday fun again with ProSourceSolutions.
Contact us today to speak to our specialists and get started.
As an employer, a sure way to guarantee your employees’ satisfaction is by providing them with consistent and reliable paychecks that reflect their hard work. It can make your employees feel valued and respected, which increases workplace satisfaction. We understand there’s more to it than meets the eye, but you can make a start with our Payroll Outsourcing Services.
The retail industry can be physically demanding, with long hours on your feet and navigating customer influx. Be an employer that mitigates the pressure of the environment by ensuring that their pay is an element they don’t need to question.
A paycheck that’s there when you need it, how you need it, is what you can expect with ProSourceSolutions.
Payroll is a meticulous process for any industry. Why is it different for Retail shops? Many factors need to be considered when you’re processing payroll for a retail employee, such as:
Penalty Rates
Retail is one of the industries that rarely follows a 9-5 schedule. Employees are often subject to working evenings, weekends and public holidays. These incur different pay rates known as penalty rates, where higher pay is awarded.
Overtime
Completing work outside of scheduled hours has to be calculated as overtime pay. These hours must be factored in accurately to reflect the work the employee has completed and adhere to overtime rates.
Employee Levels
Retail shops work according to employee levels, where a new employee with less experience will be on a lower hourly rate than a senior manager who has been with the company for a longer tenure. Hourly rates according to employee level must be accurately recorded to ensure that their paycheck is correct.
Contract Vs Permanent
There will usually be a mixture of employment types in retail shops, where some staff may be casual, part-time or full-time. There will be different entitlements to consider with annual leave, notice periods, and salary/ pay rates.
Inconsistent Schedules
As schedules are made by following shop hours, busy periods and public holidays, employee hours can vary from week to week. This means that payroll usually requires manual input to record employee time worked, and can result in errors.
Commission
Where commission structures apply, individual paychecks need to be calculated with additional commission. These calculations need to be precise and paid on time alongside standard pay.
Errors with payroll can risk non-compliance under work regulations, which can lead to significant penalties. An understanding of different pay rates, structures and penalty awards is crucial to ensure that employees receive fair pay and your payroll function remains compliant. A more efficient payroll system is effective in these scenarios as it can manage wider data accurately, which minimises the risks of errors.
At ProSourceSolutions, we’re dedicated to making your payroll process something you and your employees can trust, every time. But we’re more than just payroll. To consider all your needs as an employer, we offer a range of services that support smoother functions and processes, including:
Outsourcing your payroll function with ProSourceSolutions means you can focus on running your business to a high standard. We’ll save you time, money and hassle. Establish a happy workforce and a compliant process that puts you ahead of the game.
Contact us today to receive personalised solutions for your business.
