Showing 1-20 of 188 products
UZIO is a SaaS-based online marketplace that provides cloud-based HR, payroll, and benefits management software and services. It is built for businesses of all sizes. This integrated solution offers local/regional brokers, employers,... Read more
Recent recommendations: 95 recommendations
RUN Powered by ADP (RUN"), is a web-based payroll solution designed for small businesses. The solution can be deployed on either iPhones, iPads or on any touchscreen device. RUN can integrate with multiple third-party accounting software... Read more
Recent recommendations: 88 recommendations
Workforce Ready by Kronos is a human resources (HR) platform that combines workforce management with human capital management (HCM) and talent management capabilities and is suitable for businesses of all sizes. It offers features... Read more
Recent recommendations: 83 recommendations
Paycor is an integrated cloud-based software suite that offers functionality to encompasses the entire employee lifecycle - from recruiting and onboarding to time and attendance management. Collectively, the solution offers tools for... Read more
Recent recommendations: 75 recommendations
TimeWorksPlus is a cloud-based time, attendance, and leave management system for small to mid-size businesses. This software can capture time data from web-based clocks or physical clocks for employees onsite, mobile, and working at... Read more
Recent recommendations: 73 recommendations
BambooHR is a cloud-based HR management software solution for small and midsize businesses. BambooHR offers small and growing companies a human resource information system (HRIS) that includes an applicant tracking system (ATS), time... Read more
Recent recommendations: 70 recommendations
EddyHR’s mission is to help small and midsize businesses move out of paper and spreadsheets, and into an intuitive, modern, all-in-one HR platform. EddyHR is unique because of its seamless combination of hiring, onboarding, and people... Read more
Recent recommendations: 66 recommendations
The Arcoro human resources (HR) management solution is the bridge to better HR. Arcoro combines proven, modular HR software designed to help high compliance and high consequence companies improve efficiencies, limit risk and build... Read more
Recent recommendations: 57 recommendations
Highflyer HR is a cloud-based human resource management solution that is suitable for businesses of all sizes. It provides tools to help HR departments manage their payroll, time and attendance, enrollment and other HR routines. Other... Read more
Recent recommendations: 49 recommendations
Ultimate Software’s UltiPro® is a cloud-based human capital management (HCM) solution designed to help organizations manage HR, payroll, and talent needs. A configurable solution, UltiPro has functionality for recruiting and onboarding... Read more
Recent recommendations: 46 recommendations
Dayforce, provided by Ceridian, is a cloud-based solution for Payroll, Benefits, Workforce Management, Human Resources, Talent Management, Document Management, and Analytics. As a single application, Dayforce provides organizations... Read more
Recent recommendations: 44 recommendations
Workful is a cloud-based payroll and employee management solution designed to help small businesses automate processes for internal communication, time tracking, onboarding and more. Key features include direct deposit, geo-fenced... Read more
Recent recommendations: 35 recommendations
Viventium is a cloud-based payroll and human resources (HR) solution for small to mid-size businesses. Key features include payroll, HR, talent acquisition, ACA tracking, business intelligence, and time and attendance. A mobile Employee... Read more
Recent recommendations: 33 recommendations
iSolved is a unified, cloud-based human capital management (HCM) solution that offers key workforce functions including payroll, HR, time and attendance and benefits enrollment, as well as people-centric functions such as learning... Read more
Recent recommendations: 32 recommendations
Ascentis offers a cloud-based human capital management (HCM) suite designed for midsize companies of all industries. It includes HR and benefits, recruiting and onboarding, talent management, time and attendance and payroll. Ascentis... Read more
Recent recommendations: 26 recommendations
NetSuite SuitePeople is a cloud-based human capital management solution, which assists small to large businesses with employee acquisition and onboarding. Key features include payroll, workflow automation, time tracking, feedback collection,... Read more
Recent recommendations: 21 recommendations
ADP Workforce Now is a comprehensive solution for managing HR, payroll, talent, compliance, and employee benefits. This workforce solution is suited for businesses with more than 50 employees looking to streamline HR processes. ADP... Read more
Recent recommendations: 20 recommendations
BerniePortal is a cloud-based human resources software platform for small and midsize employers. BerniePortal’s features address each phase of the employee lifecycle from hiring to COBRA administration including: applicant tracking,... Read more
Recent recommendations: 18 recommendations
Support the entire candidate experience from start to finish with an end-to-end enterprise recruitment technology platform. iCIMS offers best-in-class recruiting products for your hiring life cycle, available as part of one unified... Read more
Recent recommendations: 17 recommendations
EPAY Human Capital Management is an integrated HR system that helps midsize and large companies track, manage and pay their employees. EPAY Systems specializes in industries like business services, staffing, manufacturing, healthcare... Read more
Recent recommendations: 16 recommendations
A vital part of running a small construction business is managing the payroll of your employees in accordance to state and federal regulations.
However, small businesses face various payroll and tax calculation issues such as delays in releasing paychecks, inaccurate payments due to manual data entry, as well as lack of or poor communication among employee, supervisor, and timekeeper regarding standards and deadlines.
To avoid all of these challenges, small businesses need construction payroll software to automate the process of paycheck calculation, wage reporting and compliance management. It will help them avoid costly fines that result from manual errors.
Finding the right construction payroll software can be tough if you're doing it all on your own. That's why, we created this guide to help potential buyers understand the software, its features and the overall market.
In this guide, we'll cover:
What Is Construction Payroll Software?
Construction payroll software helps small business HR managers automate the process of managing multiple payroll tasks, including direct deposit, current payroll costs and labor compensation reports. It helps them comply with union policies, tax withholding and labor pay regulations.
The software can also integrate with various leave management and time tracking functionality/tools to accurately calculate employee wages, bonuses and overtime.
FOUNDATION's payroll dashboard
Common Features of Construction Payroll Software
This section looks at some of the common features of construction payroll software that most small businesses require for their processes.
|Compensation management||Calculate labor wages based on attendance, employment terms and policies over a period of time—monthly, weekly or bi-weekly.|
|Time-off tracking||Track time and attendance data for all employee types (hourly, salaried, remote or on-site) to calculate gross pay.|
|Direct deposit||Deposit labor wages directly into employees' bank accounts for each pay period.|
|Compliance management||Get real-time updates to comply with labor regulations such as Fair Labor Standards Act (FLSA) and Immigration and Nationality Act (INA).|
|Tax filing||Calculate state and federal payroll taxes; also, manage tax filings and wage report forms such as DOL-4N and 1099-MISC.|
|Reporting and analytics||Generate reports to get an overview of the gross-to-net payroll register, taxes, compensation analysis and other payroll data.|
|Self-service portal||Allow employees to view their payroll data (pay stubs and tax deductions); let them manage their account information such as bank details and contact information.|
|Multi-location payroll processing||Ensure accurate pay calculations for different states and regions so that remote workers are paid as per local labor standards and tax laws.|
What Type of Buyer are You?
As you begin shortlisting the construction payroll software, you need to understand the type of buyer you are to narrow down your requirements. The next section breaks down the two most common buyer types.
General contractors and house builders. These buyers need cloud-based payroll software to manage on-site employees. The software should be able to include 1099 contractors, manage rents, pay royalties and calculate federal withholding taxes.
These buyers also need to comply with Internal Revenue Service (IRS) rules and regulations related to vendors and independent 1099 contractors.
Government contractors. Public and government contractors have unique asks from their payroll calculation and compliance management systems. As these contractors are usually under scrutiny, they need to ensure accuracy and strictly adhere to the industrial dearness allowance (IDA) and central dearness allowance (CDA) payroll structures.
They also need to provide performance-related pay (PRP), with applicable government policies and conditions. Therefore, these buyers need software that offers a high level of automation, documents payroll records accurately and is customizable. These will ensure that employees are paid as per various special allowances.
Market Trends to Understand
The advent of cloud technology has influenced the way businesses execute payroll operations. Today, businesses are transitioning to cloud-based tools that help HR managers track payroll in real time and auto-generate payroll data cost. Here are some trends in this industry that you should keep an eye on in 2019.
Predictive analytics to improve payroll. Predictive analytics let businesses analyze payroll data and find profit trends based on the region. This helps them reassess labor deployment. The data can also help them understand the age of their labor, so that they start searching for replacements of those nearing the retirement age.
- Machine learning and AI adoption grows. Many businesses are relying on machine learning and artificial intelligence (AI) to enhance their payroll operations. They rely on machine learning when outsourcing payroll functions. Preliminary data shows that AI and machine learning has been exceptionally effective. Furthermore, businesses could deploy chatbots to resolve employee queries regarding wages, tax deductions or reimbursements. These chatbots can be monitored to spot potential flaws and provide useful insights for improving payroll operations.
- Payroll solutions move to software-as-a-service (SaaS). Some businesses see the software-as-a-service (SaaS) model as the new era in the construction payroll industry. The SaaS payroll model allows businesses to distribute pay based on the number of employees or licensed users. This helps them determine labor count and increase the number when needed.