An Ernst & Young survey found that payroll errors significantly impact businesses, with an average single error costing $291. For a company with 1,000 employees, correcting payroll mistakes could cost up to $922,131 annually. One in five payrolls contain errors, primarily involving time punches, expenses, PTO, and scheduling. Fixing these errors takes a full-time payroll employee more than half the year, resulting in 29 weeks of lost productivity. Additionally, 1 in 5 employees face financial strain due to payroll errors. Paycom's Beti solution detects and fixes errors before payday, improving efficiency and reducing costs.

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