Hiring the right workforce for Black Friday. Training high schoolers for summer positions. Covering shifts when everyone comes down with the flu.
For retail HR managers, every season — and every day — comes stocked with unique challenges.
There’s so much more to unpack. Like making sure payroll is accurate, on time and legally compliant. Not to mention administering competitive benefits packages. Whew.
The stakes are high for finding and keeping loyal employees. A 2022 McKinsey study found the quit rate for retail employees is over 70% higher than other industries nationwide.
The pressure of covering every role can be enough to make any HR manager want to clock out. With such a diverse and fluid workforce, it’s no surprise large retail companies turn to Paycom for help managing the details.
High-tech HR and payroll tools in a single software is your holiday hero — and everyday lifesaver. Let’s take a look at four areas of positive impact.
1. Intuitive app
Easy for you
You’ll love the convenience of using our tools and features right from your smartphone. Receive, research and answer employee questions in a heartbeat anytime, anywhere.
Easy for employees
Quick access to payroll, schedules, benefits and more creates transparency. This level of control and independence can improve satisfaction and reduce turnover.
2. Staff scheduling and management
Scheduling
Our app takes scheduling from stressful to simple. Create, adjust and share schedules in an instant. You even can choose to let employees swap shifts — autonomy that adds to their happiness and your freedom.
How many team members will you need at noon Friday? Tuesday at 5 p.m.? We’ll take out the guesswork by analyzing demand to optimize scheduling.
Time and attendance tracking
With Paycom, everyone has a time clock in their pocket. We help automate accurate employee time tracking and attendance. To prevent time theft, our Geofencing and Microfence™ tools limit clocking in and out to a physical boundary you set.
3. Administering benefits
Enrollment
Our benefits administration software creates a mutually rewarding experience. Employees gain the power to enroll in benefits with ease — and update beneficiary info — while HR reclaims precious time.
Reporting
Using detailed reports, it’s easy to make sure your employees are receiving and using their benefits, all according to regulations.
Self-service
With our easy-to-use app, an employee can confirm they have enough vacation days to plan a trip — and ask off for it. Or they can add a spouse to their health insurance. Every time a staff member takes charge of an HR task, it’s resolved by one person — not two.
4. Navigating regulations and compliance
Payroll tax management
Making mistakes on payroll tax can lead to fines, audits and other penalties. Accuracy is everything. With automated calculations, filings and reporting, you catch errors before they have a chance to harm employees and the bottom line.
Compliance alerts
What HR manager wouldn’t welcome a compliance watchdog on their side? With Paycom, you aren’t caught off-guard by changing labor laws and regulations. Our government and compliance tool monitors legislative updates in real time, giving you the chance to resolve questions in advance.
Retail is an action-packed industry. With Paycom supporting your store, you can leave the excitement to the flashy merchandising, door-buster sales and overzealous shoppers. Rest easy knowing that your employees are paid accurately and receiving the benefits they’ve earned.
Explore Paycom’s single software to see how it scales with your retail establishment.
DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional legal, tax, accounting or other professional advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation and for your particular state(s) of operation.