A payroll health check typically involves reviewing various components of the payroll process to ensure accuracy, compliance, and efficiency. Here are some key areas to consider:

Cost Efficiency Ensuring you get the most from your payroll services, at the most efficient cost.

Data Accuracy Verify that employee information (such as hours worked, salary, deductions, and tax information) is accurate and up to date.

Compliance Ensure that payroll practices comply with local, state, and federal labor laws, including minimum wage, overtime, and tax regulations.

Processing Timeliness Check if payroll is processed on schedule, including timely payments to employees and tax authorities.

Deductions and Contributions Review all deductions (taxes, benefits, retirement contributions) to ensure they are correctly calculated and applied.

Reporting. Evaluate the effectiveness of payroll reporting, including the availability of reports for management review.

Audit Trails Ensure there are proper records and documentation for all payroll transactions to facilitate audits.

Employee Access Assess whether employees have easy access to their payroll information and pay stubs.

Technology Review the payroll system for efficiency, security, and ease of use. Consider whether it meets the needs of the organization.

Feedback Mechanism Establish a process for employees to report discrepancies or issues related to payroll.

By performing a thorough payroll health check, organisations can mitigate risks, improve employee satisfaction, and streamline payroll processes. If you need a more detailed analysis or specific templates for conducting a payroll health check, feel free to ask!