Hospitals are charged with helping people at their most vulnerable times, when they are sick or injured. To operate effectively, hospitals must employ a team of competent employees, from the receptionists that handle new patient admissions to the physicians that perform emergency surgeries. To keep the team humming along, it’s important to make sure that payroll needs are taken care of optimally.
Payroll Accuracy and Staffing
About 90 percent of U.S. hospital executives have expressed concern about staffing shortages affecting patient care. While payroll isn’t everything when it comes to attracting and retaining health care workers, assuring adequate pay and timely paychecks is critical to keeping staff members happy. Payroll systems can help to keep track of things like holidays that may affect payday, so that employees are always paid promptly and correctly.
Management of Unions
Many nurses and healthcare professionals belong to unions. Payroll systems can help manage union dues, compile information needed for union reports, and keep track of union rules as they relate to pay. This can keep hospitals in compliance with union rules so that a good relationship is maintained and workers stay happy with their workplace.
Differing Pay Scales and Categories
Hospital workers may receive a wide variety of salaries. Some may be paid hourly, some may be paid a set rate, still others may be paid as private contractors. Keeping track of all of the workers in their different categories, calculating deductions from each paycheck, and properly filing all of the required reports can become difficult.
Payroll systems can automate time tracking and payroll, reducing the burden on hospital administrators and HR professionals. Additionally, payroll software can be linked into other HR software to manage benefits like health insurance and retirement plans. This can save time and trouble, while keeping workers satisfied and well taken care of.
Employees in any field are bound to have questions about their paychecks and deductions, make requests for changes, and need copies of pay stubs for life events. Payroll software helps hospitals to empower their employees, giving employees access to their own payroll information.
Empowering employees lets them know that they are valued and trusted. Allowing employees to view information and request changes on their own also saves management and HR professionals time, allowing them to focus on tasks that are more critical to the operation.
Organization and Information Storage
Employee information is important, but keeping track of it can become difficult and messy. Payroll systems keep digital records, reducing clutter and making it easy to find needed information with just a few clicks. Since less room is needed for information storage, this allows hospitals to make better use of the space available, potentially improving patient care and productivity.
Hospitals are one of the most important institutions available; it makes sense to make sure hospital staff is being paid fairly and accurately. Payroll systems can help manage staff pay, reducing headaches and allowing administrators to focus elsewhere. If you feel that payroll systems could help your hospital, visit our vendor match page to get started on selecting your perfect solution.