The Hidden Costs of Payroll and How to Make It More Efficient
For every $5 of your cash outflow, nearly $1 goes to your payroll, according to recent research from JPMorgan. But lurking behind this figure may be hidden costs that could be taking a bite out of your business. These hidden costs can include the cost of multitasking, the cost of office space, the cost of upkeep, the cost of mistakes, and the cost of turnover.
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