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Digging Deep: The Costs of Payroll Errors With Steve Boese
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Guest: Steve Boese, H3 HR Advisors
In a new nationwide study, Ernst & Young (EY) revealed the high cost of common payroll errors under the traditional system. On average, fixing a single payroll mistake costs a company $291.
The cost isn’t simply financial. Organizations also pay in time spent fixing these errors and managing the fallout they create. EY found, on average, a full-time payroll employee spends nearly 29 workweeks on corrections.
In this episode of HR Break Room®, H3 HR Advisors co-founder Steve Boese joins host Morgan Beard to dig in to the EY study and break it all down. Listen as they:
- react to the study’s key findings
- discuss how payroll errors harm the employee experience
- examine the impact of payday accuracy on HR productivity
- offer strategies for avoiding payroll errors
About HR Break Room
HR Break Room is a podcast from your friends working in human resources. We're dedicated to bringing you interesting break room conversations with experts on the latest buzz surrounding HR and HR tech, one cup of coffee at a time. HR Break Room brings together industry experts to discuss brewing trends and robust solutions to today’s workplace challenges.
