$1.25 Million Dollar Payroll Blunder: To pay or not to pay?

June 8, 2023

Poor payroll systems can have costly consequences, as Canadian Pacific Railway (CPR) discovered in 2020. The company was fined $1.25 million for failing to accurately calculate overtime pay due to a faulty payroll system. Beyond the fine, CPR faced legal fees, reputational damage, and decreased productivity. Incorrect paychecks can lead to employee dissatisfaction and high turnover rates, resulting in recruitment costs and productivity losses.

Companies must invest in reliable payroll systems that comply with labor laws, provide regular training, and implement policies to avoid costly consequences. A good payroll system not only ensures compliance but also enhances employee satisfaction, productivity, and overall business profitability.

As seen in the case of CanadianPacific Railway (CPR), a flawed payroll system can result in significant fines, legal fees, reputational damage, and decreased productivity. And that’s where PayTickr comes in to help your business avoid these costly consequences andbenefit from a seamless and reliable payroll system.

PayTickr is an automated cloud-basedpayroll software that simplifies payroll processing, streamlining thecalculation of overtime pay, and ensuring compliance with labor laws. The software provides a user-friendly platform that allows for remote access,enabling payroll staff to work from anywhere, reducing overhead costs. Moreover, the software automates pay runs and generates accurate payroll reports, reducing the likelihood of human error and saving time.

Integration with other Platforms

PayTickr also integrates with popular accounting software like QuickBooks and Xero, simplifying tax filing andexpense management. This saves businesses valuable time and resources, allowingthem to focus on their core operations.

With PayTickr, businesses can rest easy knowing that their sensitive employee information is stored securely andin compliance with strict data privacy regulations. So, whether you'reprocessing payroll, managing employee information, or handling expenses,PayTickr has got you covered.

By choosing PayTickr, businesses canstreamline their payroll processing, reduce the likelihood of errors, andensure compliance with labor laws, avoiding costly consequences. This, in turn, increases employee satisfaction, productivity, and overall business profitability. Eliminate overtime issues and simplify payroll management withPayTickr. Our reliable and secure platform ensures compliance with labor laws,accurate calculations, and a user-friendly experience.

Sign up for PayTickr FREE TRIAL TODAY and enjoy hassle-free payroll management at its finest!