What is a payroll process review and why is it important?
When you engage RSM for your payroll process review, our experienced, certified payroll professionals examine the entire sequence of events in a payroll cycle and present a detailed improvement plan. This feedback can help you implement a payroll continuity plan, mitigate compliance risk and incorporate segregation-of-duties protocol to ensure secure engagement practices. A process review will also raise your awareness of security requirements around personal identifiable information (PII) as well as compliant procedures for communication and data storage.
What to expect from a payroll process review
RSM’s team begins a payroll process review by reaching out to the client’s core payroll team to collect knowledge on process deadlines, employee engagement workflow, reporting, data maintenance and compliance management.
Your consultant will identify areas of compliance risk or data security concerns, document procedures, and communicate key insights and recommendations to improve your payroll process overall.
Recommendations may include corrections within your processes, automation of various functions or implementation of other technology-driven efficiencies, and prioritization of urgent issues. The payroll process review is the initial step in achieving a more efficient, compliant, accurate, and secure payroll process and better employee experience.
