In the Hospitality industry, you face a unique set of payroll and HR challenges that can consume your time and profits. Paycom’s all-in-one human capital technology can help you tackle compliance, accurately predict demand, match workforce resources and budgets, deliver stellar customer service and proactively manage labor costs.

CHALLENGE 1: Reducing TurnoverTurnover expenses are more than just the “cost of doing business” for hospitality organizations; they’re substantial threats to the bottom line. Replacing one employee can cost between $5,700 and $10,000. And with turnover rates in the industry averaging 59 percent, controlling those expenses is vital to profitability.

Paycom’s comprehensive HR and payroll solution will give you the tools you need to:

easily identify top candidates and automatically filter out unqualified applicants ensure hiring, onboarding and training is accomplished efficiently and quickly align the goals of your organization with your workforce to optimize performance ensure merit increases correspond to performance pinpoint the true causes of turnover with extensive workforce analytics

CHALLENGE 2: Forecasting Labor and BudgetsHospitality is a dynamic industry in which the needs of the business change from season to season and sometimes, from day to day.

Paycom’s automated, cloud-based solution helps you gain insight into workforce/seasonal trends, accurately predict demand, match resources accordingly and control costs. You can:

optimize scheduling to capitalize on seasonal spikes and cut costs during slower business cycles get overtime dollars, head count and year-to-date turnover numbers at a glance create compensation budgeting plans use customizable forecasting reports to prepare for labor shortages and

wage increases secure hundreds of thousands of dollars in Work Opportunity Tax Credits

In the Hospitality industry, you face a unique set of payroll and HR challenges that can consume your time and profits. Paycom’s all-in-one human capital technology can help you tackle compliance, accurately predict demand, match workforce resources and budgets, deliver stellar customer service and proactively manage labor costs.

HOSPITALITYINDUSTRY

Sources:1. NERA Economic Consulting: Trends in Wage and Hour Settlements: 2015 Update2. Cornell University School of Hotel Administration, The Center for Hospitality Research:

The Cost of Employee Turnover: When the Devil is in the Details3. United States Department of Labor Wage and Hour Division4. Deloitte: Hospitality: 2015

To see what Paycom’s human capital technology can do for your company, schedule a demo at Paycom.com/Hospitality

CHALLENGE 3: Compliance with State and Federal Regulations Fluctuating demand levels require fluid decision-making about labor and scheduling. But, you face a complex regulatory environment where any one of those decisions could become a costly wage violation, resulting in back wages, fines, liquid damages and attorneys’ fees.

Paycom’s cloud-based, human capital management technology can help you mitigate risk, avoid penalties and proactively manage all aspects of compliance, from FLSA to ACA. With Paycom’s HR and payroll management tools, you can:

track employee hours according to multiple earning codes and across EINs run background checks and E-Verify® with the touch of a button accurately calculate blended/weighted overtime, tip credit and tip pool tip-outs store I-9, FMLA, OSHA, workers’ comp, EEOC and COBRA information get alerts when part-time employees are close to overtime or triggering

ACA requirements

INTUITIVE TECHNOLOGY BACKED BY DEDICATED CUSTOMER SERVICEPaycom is all about solving your payroll and HR challenges. That’s why you also get a dedicated Paycom specialist who knows your business and will be there to answer your questions every step of the way.

Knock Out All of Your Toughest HR Challenges with One Easy-to-Use, Cloud-Based Solution

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