In Pursuit of Profit
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Additionally, employees can quickly become disenfranchised and lose faith in the company if they are paid late or paid incorrectly. Negative employee sentiment can poison the corporate culture, hurting retention and stifling revenue growth.
Committing payroll errors is incredibly risky on all fronts, which is why payroll accuracy is of the utmost importance. Understanding which types of payroll errors are common can help business owners to avoid these pitfalls and keep consistency in their payroll functions.
Payroll Calculation Errors