Owners and general managers seek specialized payroll for restaurants to help keep their businesses competitive in today’s ever-challenging market. Rather than wasting your most precious resources manually running payroll, know that better options exist for you.
If you’ve been asking yourself what the best payroll for restaurants is, the time is now to consider specialized software for your business.
Here are 5 reasons to consider specialized payroll for restaurants:
- It is integrated with various administrative tools
- It automates complicated pay calculations
- It allows for streamlined payroll for staff with various wages
- It manages multiple locations from one platform
- It integrates with EWA/Instant Pay
Let’s get started.
Understanding Payroll for Restaurants
Before diving into why all restaurants should consider specialized payroll to stay competitive in today’s market, it’s important to understand just how complicated the process can be.
Any restaurant manager responsible for running payroll will quickly tell you how burdensome this administrative task can be. It’s time-consuming, requires undivided attention, and pulls you from more pertinent day-to-day operational needs.
Unfortunately, it is a necessary evil in the food and beverage industry. After all, your employees need to be paid.
How Do You Prepare Payroll?
Most typical restaurants pay employees every two weeks for the work from the previous two weeks, with payroll periods processed on a biweekly calendar.
Both small and large Restaurants find that payroll processing is notoriously time-consuming. Thankfully, you can learn about 10 tips to save you 10 hours (or more) on your restaurant payroll.
Specialized payroll for restaurants is an excellent way to save time and money for your business and helps with employee retention.
5 Reasons to Consider Specialized Payroll for Restaurants
Understanding payroll for restaurants means grasping the time and money it can cost you in the long run. With advanced restaurant payroll software technology available today, you no longer have to ask what is the best payroll for your business.
If that’s not enough to convince you, here are 5 reasons to consider specialized payroll for restaurants.
1 – It is integrated with various administrative tools.
Specialized payroll for restaurants should all come integrated with multiple administrative tools to help make your life easier. Features in sophisticated systems, like Push, include:
- Time tracking (punch in)
- HR software
2 – It automates complicated pay calculations.
In addition to essential administrative tools, specialized payroll for restaurants also automates some of the more complicated pay calculations. So, you can focus your efforts on running your business operations instead rather than worrying about the ever-confusing stat holiday pay calculations and overtime calculations for hourly workers.
3 – It allows for streamlined payroll for staff with various wages.
With an integrated solution, staff can punch in (time tracking) and out of positions and punch into different positions that have different hourly wages. For any restaurant owner who has staff working in multiple positions, this can be a huge relief.
Best of all, this time tracking feature can all be streamlined to payroll easily. So, at the end of your pay period, your payroll can still be run in a matter of minutes.
4 – It manages multiple locations from one platform.
For restaurant managers responsible for running payroll in numerous sites, you know how difficult it can be to maneuver through different systems. But, with specialized payroll for restaurants, you can run the payroll on multiple restaurant locations at one time and manage all of the locations all from the same platform.
5 – It integrates with EWA/Instant Pay.
Specialized restaurant payroll software will integrate with EWA/Instant Pay, giving your employees access to daily work funds immediately through Push payroll and KOHO.
Now, more than ever, is the time to show your staff you genuinely care about them. Provide your employees the tools they need to be more financially stable, offering countless benefits, including:
- No long-term risk
- Contactless payments
- Better debt management
- No NSF fees
- Visa is accepted worldwide
What should restaurants look for in a payroll solution?
As a restaurant owner or general manager, any time and attention paid to anything other than the operation can quickly become costly to the business. Rather than losing countless hours to administrative tasks like payroll processing, it’s time to move towards specialized payroll for restaurants.
Not only will you save time and energy, but you’ll also be offering a product that keeps your business competitive in an increasingly challenging job market. Show that you understand the hardships of being a restaurant employee, especially in tip-earning positions, by providing an alternative solution to traditional payroll.
Now that you know 5 reasons to consider specialized payroll for restaurants, the only question is – when will you begin your integration?