With a collection rate of only 68%, many companies don’t even attempt to collect on the overpayments. According to the 2010 Global Payroll Performance Study, not only are businesses making sizeable overpayments, those same businesses are not collecting on those errors as often as they should. Salary overpayments can cost a business thousands or even hundreds of thousands annually. When you consider your payroll processing costs you’ll see that James Keep & Co is a reliable, cost-effective payroll solution. We monitor local, state and federal tax changes so you don’t have to. With James Keep & Co.’s payroll services, you can easily maintain accurate employee records for deductions, health care, retirement and other issues such as garnishments. That’s a win-win for you and your employees! If businesses can reduce costly losses by increasing productivity, cutting administrative costs of tracking and processing payroll, and eliminate theft through excessive ‘buddy punching’ and other erroneous reporting, your business will be more profitable and be in a better position for growth. Accurately tracking employee time protects not just your business but also your employees. Manhours represent a significant portion of most small business expenses.
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