How Businesses can Deal with Payroll Gaffes
15 September 2022
Payroll gaffes serve as a wake-up call. Mistakes happen, and they can happen to you just as easily as they happen to a large company. A technical glitch on the wrong day of the month could cause you to miss payroll. Or worse, an arithmetic error could unpleasantly surprise employees with miscalculated take-home pay. The competition for talent is high and if your employees aren't getting timely and accurate paychecks, they may start to look for another job.
BDO can minimize your risk of careless, unnecessary, and costly errors. However, if you experience a payroll gaffe before signing on to our payroll services, here's some damage control advice.
You need to do everything you can to retain your talent. Talk to us, we're here.
Aside from the obvious mitigation of financial and reputational risks, avoiding payroll errors is a great strategy for helping to retain your talent.
Original content provided by BDO Canada.