Payroll process review

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.

There are many ways to unknowingly fall out of compliance or get stuck in habits that no longer support payroll process health. Many times, it’s a matter of imparting information and helping clients achieve a comprehensive perspective amid the sea of critical details.

Lorry Twisdale, principal, RSM US LLP

Take a shortcut to payroll confidence

Payroll reliability affects employee satisfaction, turnover and productivity, while compliance issues can lead to legal and financial repercussions. A payroll process review can reveal overlooked opportunities to better support your employees and protect your business.

RSM payroll consultants hold industry certifications, as well as certifications in multiple payroll software platforms. If recent changes have left your payroll vulnerable, now is the time to make sure it is accurate, compliant, secure, documented and protected from disruptions.