BenefitMall is a Dallas-based company that provides benefits and payroll administration services and is one of the few nationally recognized payroll providers that offer customized solutions for construction companies. Whether you want to estimate how much does it cost to build a well or anything else related to construction it is possible with BenefitMall. BenefitMall provides its specialized solutions by understanding the specific requirements of construction companies and payroll departments. It is complicated for construction companies to use generic payroll software. Even with the advent of automated online payroll, standard solutions only cover some of the intricacies of construction payroll. Not surprisingly, many construction companies need help to keep up. If you are looking for an innovative solution for HR and payroll services in the construction industry, can you specify what you are looking for? According to BenefitMall, they offer five core principles to consider:
- Multi-Jurisdiction processing for job construction
Companies outside the local zone needs help with payroll processing in several areas. For example, one payroll for a company that does interstate business may result in different pay rates and deductions depending on the location of each job. Imagine a company that operates in both California and New York. The company is battling federal and state taxes that apply to California, New York, and even local taxes in a few major cities. Payroll software should be able to handle payroll from anywhere, regardless of applicable regulations.
- Trusted reports for payroll
Government auctions almost always require the company to comply with applicable payroll laws. How can I verify compliance? With an accurate report detailing how much contractors and employees are receiving. In addition, any reports you create must be certified to guarantee authenticity. Payroll software that can generate certified reports is essential for construction companies bidding for government positions. These reports are necessary for offers to be profitable.
- Genuine regular Payroll Reports
In addition to certified paid payrolls, construction payroll software must be able to generate accurate reports on everything from payroll taxes to contractor payments. It must be able to manage W-2, W-3 and 1099 with ease. Creating the reports you need should take, at most, a few clicks.
- Integrated Attendance of employees
Contractors and construction companies use various methods to monitor Attendance and time. If everyone is self-employed, ensuring employees get the money they are owed is a hassle. In addition, manual calculations are prone to errors. What is the answer? Timesheet software that automates tracking and feeds information directly into the payroll system. Integration can reduce errors by eliminating the need to enter information multiple times. It increases efficiency, speeds up payroll processing, and allows you to detect errors. With the proliferation of contractor time and Attendance methods, a unified system is an absolute necessity for today’s contractors.
- Different Payment alternatives
Construction payroll software should include a variety of payment options. In today’s world, more is needed to give contractors and employees a check written on paper. There are other options. Some employees need a bank account, so cashing checks is a challenge. Some prefer to be paid using an employee’s payroll card. Some may prefer a paper check but prefer direct deposit. Some may prefer to pay in cash. The construction industry is unique in several respects. This means that payroll software must consider some specific aspects that are not considered in other sectors. That is why companies such as BenefitMall provide specialized solutions designed specifically for construction companies.
