Q:

What kind of payroll systems does Exponent HR offer?

A:

Quick Answer

Exponent HR offers a self-service payroll tracking and management system that allows employees to submit time sheets for review by managers, who can then approve the sheets so that a payroll coordinator my initiate payments and deliver paystubs and tax documents electronically. The system does not require any physical paper form and allows each party to manage the appropriate tools through unique company login credentials.

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Full Answer

When a company implements the Exponent HR payroll system, which includes additional tools to manage employee benefits and other human resources documents, each employee is able to create a unique account with the system that includes permissions to access the appropriate tools and features. All hourly employees are able to submit a timesheet for billable hours during the company's designated work period through the Time Clock Reporting Tool, with contractors also able to access a similar tool for submitting payment requests. Managers are able to review each timesheet submission and approve or reject the request for payment depending on the situation.

Timesheets with payment approval enter into a separate segment where a payroll coordinator conducts a final review of the amounts and initiates payment from the company's account. The system issues funds according to each employee's preference, also generating a paystub and tracking tax witholdings for each employee. The system also includes tools for generating reports on employee activity, payment amounts and other features for internal audits and reviews.

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