{"id":8199,"date":"2023-05-17T21:06:50","date_gmt":"2023-05-17T13:06:50","guid":{"rendered":"https:\/\/igcse.infinity.edu.my\/2023\/07\/02\/when-you-have-grown-up-but-your-payroll-hasnt\/"},"modified":"2023-07-13T16:07:46","modified_gmt":"2023-07-13T08:07:46","slug":"when-you-have-grown-up-but-your-payroll-hasnt","status":"publish","type":"post","link":"https:\/\/igcse.infinity.edu.my\/?p=8199","title":{"rendered":"When You Have Grown Up But Your Payroll Hasn&#8217;t"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8199\" class=\"elementor elementor-8199\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-140be3cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"140be3cf\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46b4880d\" data-id=\"46b4880d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57d0bb89 elementor-widget elementor-widget-text-editor\" data-id=\"57d0bb89\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>By Mardiana Samsuri &#8211; Head of Payroll Outsourcing, CXL Group<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7636a4b7 elementor-widget elementor-widget-text-editor\" data-id=\"7636a4b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">10 years ago, you were a startup, working out of your 1-bedroom apartment, banging out ideas till wee hours of the morning. And then one day your ideas became a reality. You went from 1 headcount to 5 to 10 and now, you are up to 100 and still growing. And then reality hits. You\u2019ve made it! Your company has grown exponentially but you\u2019re still running your payroll manually.<\/p>\n<p style=\"font-weight: 400;\">Payroll is an essential part of any business, ensuring that employees are paid accurately and on time. However, many companies still rely on manual payroll processing, which can be risky and prone to errors. And everyone knows, happy employees mean happy clients. And now you\u2019ve realized your payroll system didn\u2019t grow with you and now you have to break-up.<\/p>\n<p style=\"font-weight: 400;\">So how do you know when your current payroll practices isn\u2019t cutting it?<\/p>\n<p style=\"font-weight: 400;\"><strong>Human Error<\/strong><\/p>\n<p style=\"font-weight: 400;\">To err is human, but that employee whose salary was affected by that human error might not be too understanding. Human error is one of the biggest risks associated with manual payroll processing. Even the most experienced payroll professionals can make mistakes when calculating hours, deducting taxes, and processing payments.<\/p>\n<p style=\"font-weight: 400;\"><strong>Time-Consuming<\/strong><\/p>\n<p style=\"font-weight: 400;\">Wouldn\u2019t you rather your team use their skills and knowledge to grow your business? Manual payroll processing is time-consuming, as it requires inputting data, calculating payments, printing checks, and distributing them to employees. This process can take hours, if not days, to complete, leaving little time for other essential business tasks. This can be particularly challenging for small businesses that have limited resources which can lead to employees walking out from sheer frustration.<\/p>\n<p style=\"font-weight: 400;\"><strong>Compliance Risks<\/strong><\/p>\n<p style=\"font-weight: 400;\">Non-compliance can tank your business faster than you can say bankrupt or jail time. Payroll regulations and tax laws are constantly changing, making it challenging for businesses to stay up-to-date with the latest requirements. Manual payroll processing increases the risk of noncompliance with regulations, which can result in penalties and fines.<\/p>\n<p style=\"font-weight: 400;\"><strong>Lack of Security<\/strong><\/p>\n<p style=\"font-weight: 400;\">With the risk of going to jail for non-compliance, you also face the risk for being held hostage for data. Manual payroll processing poses a security risk, as it involves handling sensitive employee data, such as social security numbers, bank account information, and salary details. This data can be lost, stolen, or misused, putting employees&#8217; personal and financial information at risk.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11ca42dd elementor-widget elementor-widget-image\" data-id=\"11ca42dd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/igcse.infinity.edu.my\/wp-content\/uploads\/2023\/07\/When-you-have-grown-up-but-your-payroll-hasnt_Image-3-scaled-1.jpg\" class=\"attachment-large size-large wp-image-8200\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33fb6bcb elementor-widget elementor-widget-text-editor\" data-id=\"33fb6bcb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">So, is it time for a change?<\/p>\n<p style=\"font-weight: 400;\">At CXL we can automate and centralise your processes and data to allow for a more productive working team. From monthly payroll outsourcing, statutory compliance to improving your business\u2019s employee experience, our team of experts are passionate about implementing the right solutions that will help you engage your connected workforce\u2014 allowing your team the breathing space they need to help you grow your business.<\/p>\n<p style=\"font-weight: 400;\">So if your current payroll system isn\u2019t helping you grow, it might be time to cut it loose\u2026.just like a bad relationship.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By Mardiana Samsuri &#8211; Head of Payroll Outsourcing, CXL Group 10 years ago, you were a startup, working out of your 1-bedroom apartment, banging out ideas till wee hours of the morning. And then one day your ideas became a reality. You went from 1 headcount to 5 to 10 and now, you are up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":"","_joinchat":[],"footnotes":""},"categories":[22],"tags":[],"class_list":["post-8199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payroll-and-hr-outsourcing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v20.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When You Have Grown Up But Your Payroll Hasn&#039;t - IGCSE Tutions Offered by Infinity Training Center<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When You Have Grown Up But Your Payroll Hasn&#039;t\" \/>\n<meta property=\"og:description\" content=\"By Mardiana Samsuri &#8211; Head of Payroll Outsourcing, CXL Group 10 years ago, you were a startup, working out of your 1-bedroom apartment, banging out ideas till wee hours of the morning. 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