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Welcome to the recap of our recent webinar, hosted by Greenshades Product Marketing Manager, Jerika Holton, and Payroll Account Executive, Scott Lowdermilk, titled 5 Ways to Accelerate Your Casino Operations Using Payroll & HR Solutions.
In this webinar, we explored the challenges faced by the casino industry and discussed how implementing payroll and HR technology can streamline processes, improve efficiency, and ensure compliance. Let's dive into the key highlights from the presentation.
Watch the On-Demand Webinar here:
1. Automate Payroll Processing to Run Payroll in Minutes
One of the most time-consuming tasks for casinos is payroll processing. Automating this process saves valuable time and resources by giving you the power to:
- Run your entire payroll in a matter of minutes.
- Ensure accurate calculations for overtime, garnishments, tax withholdings, and other payroll deductions.
- Reduce the hassle of upholding compliance with FLSA requirements.
- Simplify your year-end filing process.
- Utilize payroll as a benefit by offering options such as earned wage access, flexible payment options, and more.
2. Coordinate your HR Processes to Attract and Retain Talent
In a fast-paced industry like casinos, attracting and retaining talented employees is crucial. Coordinating your processes through enhanced HR software can greatly improve your business’s ability manage top talent with the ability to:
- Increase productivity and efficiency by going paperless and eliminating the time spent managing paperwork.
- Make the hiring process more streamlined by using an applicant tracking system to effectively manage job postings, applications, and interview notes.
- Retain new hires and improve engagement using advanced onboarding.
- Empower your employees with self-service portals that provide access to important HR functions and documents.
3. Offer Competitive and Comprehensive Benefits
Offering competitive compensation packages and comprehensive benefits is vital to attracting and retaining employees in the casino industry. Benefits administration software allows you to:
- Grant employees' access to detailed plan information.
- Make it easy for employees to self-manage key life events and more.
- Track ACA compliance and ensure your business is up to date.
- Support mental health initiatives and wellness programs.
4. Easily Manage Your Year-End Processes
The year-end forms and tax filing process can be a hassle for casinos. Leveraging automation streamlines this process by:
- Collecting data, creating forms, and even verifying Social Security Numbers (SSNs).
- Ensuring accurate and timely filing of W-2s, 1099s, tax returns, and other required forms.
- Tracking deadlines and sending out notifications to keep your business on track.
- Offering options for employees to receive forms digitally or by print and mail.
- Allowing easy uploads to tax filing platforms like TurboTax to simplify the process for employees.
5. Accurately and Efficiently Track Labor
Accurate timekeeping is essential for payroll accuracy and labor expense budgeting. Timekeeping tools can be utilized to:
- Enable a simple review process.
- Assign shifts to departments.
- Capture overtime hours.
- Grant the ability to clock in from approved locations.
- Stay compliant with FLSA requirements.
Accelerate Your Casino Operations with Greenshades
Implementing payroll and HR solutions tailored to the unique needs of the casino industry can significantly accelerate your operations. By automating payroll processing, attracting and retaining talent, optimizing benefits administration, managing year-end forms and tax returns efficiently, and tracking labor with precision -> you can streamline operations, improve efficiency, and ensure compliance.
Learn how to enhance your casino operations with payroll and HR solutions today.
References
1 Dennis, J. (2023, May 15). How Long Does Payroll Processing Take? Technology Advice. Retrieved June 1, 2023, from https://technologyadvice.com/blog/ human-resources/processing-payroll/
2 A. (2022, December 23). 19 Applicant Tracking System (ATS) Statistics (Things You Should Know). HQ Hire. Retrieved June 1, 2023, from https://hqhire.com/applicant-tracking-system-statistics/
3 *SHRM. "What benefits can employers offer to improve employee retention?" SHRM.com. 2021, https://www.shrm.org /resourcesandtools/tools-and-samples/hr-qa/pages/benefits-to-improve-employee-retention.aspx
4 DeBisschop, L. (2022, November 22). Survey Reveals End-Of-Year Challenges And Opportunities. Greenshades. Retrieved June 1, 2023, from https://go.greenshades.com/blog/ survey-reveals-end-of-year-challenges-and-opportunities
5 Holiday, M. (2020, November 30). Small Business Payroll Statistics: Numbers You Need to Know. Net Suite. Retrieved June 1, 2023, from https://www.netsuite.com/portal/resource/ articles/financial-management/small-business-payroll-statistics.shtml
