Creating payroll is not only an overwhelming process but a time-consuming one for many. Multiple steps are involved in the process and an error at any point can lead to detrimental effects such as delayed salary or wages in the long run, which have serious consequences for employees across the country. According to Paycom and Morning Consult, 1 out of 5 Americans has experienced at least one payroll error in the last year, and 80% were forced to act, including skipping utility bill payments, overdrawing checking accounts, forgoing groceries or missing rent, mortgage, loan and/or credit card payments.

The good news is that payroll errors may be a thing of the past because of a new product by Paycom called Beti, that will allow employees to create their own payroll.

This state-of-the-art tech automates the entire payroll process leading to more streamlined operations and essentially eliminating voids, corrections and other after-the-fact payroll related tasks. By allowing employees to do their own payroll well before payroll ever takes place, they catch errors they wouldn’t have known about until their checks were cut or deposited into their bank accounts.

How does Beti by Paycom Work?

Paycom is a cloud-based software that allows all human capital management functions to be stored in a single database. The system provides an easier way of managing the employment life-cycle. The system will ease the HR burden that comes with the calculation and execution of the payroll. To put the icing on the cake, the tool is a self-service payroll.

But is it wise to allow employees to handle their own payroll? As a matter of fact, employees have always been in control of many aspects of their paycheck such as submitting PTO requests, managing timecards, and expenses just to mention a few. And with Beti now, the advanced but user-friendly software will help them get paid on time without manipulating their pay rates.

The tool is designed in such a way that it will eliminate much of the legwork in the creation of the payroll by explicitly guiding the employees through the process.

To do so, Beti will first send a notification to the employee in question alerting them of an impending payroll about to be processed. Then by using their Paycom logins, employees are able to access Beti to approve their payment. In the process, they will be able to learn the amount they should expect and when it will be in their account. It also provides information on HR benefits, deductions, and taxes. This is achieved in a matter of a few clicks.

Why Beti will be a Game-Changer?

On Employees

Beti is a breakthrough tech that bridges the gap between employees and their personal payments. In the past, the task of transferring administrative data solely rested on the hands of HR. However, now employees will be able to enter and manage their own payment information.

Even though Beti empowers employees to manage their data, the business in question will still retain overall control as they won’t be able to alter their pay rate in any way. The beauty of Beti is that it will help employees gain useful insights into what to expect in their paychecks so they aren’t affected by inaccurate payrolls.

On Employers or Business

Processing the payroll manually is a tiresome and time-consuming undertaking. However, now with just a few clicks on Beti, HR streamlines the process and minimize errors making it easy to process the payrolls, saving days from the traditional payroll process.

The increased visibility that is associated with the software minimizes the number of steps involved and it greatly increases accuracy.

Other Benefits

• Simple interface
• Benefit analysis
• Fewer corrections
• …and more

Final Takeaways

Beti is a revolutionary tech platform that offers many benefits. The tool will help organizations or businesses cut operational costs while providing their employees with more detailed information and accurate payroll everytime.