Aside from the materials and construction plan, your workers are a key aspect in making your dream projects come true. As the employer, it is your responsibility to give reasonable compensation for your workers’ hard work. But often, managing finances is not that easy. Making calculations, filing taxes and reports, and organizing or estimating job costs are important aspects of your financial plan that can be challenging when done by hand. Luckily, there are a number of payroll software choices with features specific to the construction industry that can help you save time and money.


Need help choosing the best software product? Here are some of the best construction payroll software available in the market.

11+ Construction Payroll Software

1. Foundation Software

Details

Rating: 4.5/5

Price: Custom

Download

2. Jonas Construction

Details

Rating: 4.7/5

Price: $8000/Year

Download

3. ADP

Details

Rating: 5/5

Price: Custom

Download

4. Payroll4Construction.com

Details

Rating: 4.5/5

Price: Custom

Download

5. Penta Technologies

Details

Rating: 4/5

Price: Custom

Download

6. Dominion Systems

Details

Rating: 4.5/5

Price: Custom

Download

7. Paylocity

Details

Rating: 4.5/5

Price: $4/Month

Download

8. Viewpoint

Details

Rating: 4.5/5

Price: $10000/Year

Download

9. eBacon

Details

Rating: 5/5

Price: Custom

Download

10. Rippling

Details

Rating: 5/5

Price: $8/Month

Download

11. QuickBooks Payroll

Details

Rating: 4.7/5

Price: $20.30/Month

Download

12. Viventium

Details

Rating: 5/5

Price: Custom

Download

What Is Construction Payroll Software

In general, payroll software is created by third-party HR technology companies seeking to improve business operations that use their software. From small businesses to large corporations, any entity that is looking to realize their dream construction projects (no matter how big or small) can leverage payroll software to seamlessly manage, organize, and automate payment for their workers. Effective payroll software enables the management to oversee time and attendance, tax information, and pay structure throughout the construction project — from inception to completion. More importantly, the software should integrate easily into existing company procedures.

Benefits

Construction payroll software saves you time and frees your workload by automating the process of managing multiple payroll tasks, from direct deposit to current payroll costs and labor compensation reports and everything in between. Moreover, this software also helps you comply with union policies and withholding and labor pay regulations.

Features

Make sure the payroll management system you implement has functionalities that are very useful in the construction industry. Without further ado, let’s check on some important features your construction payroll software should have:
– calculation of labor wages based on attendance, employment terms, and policies over a period of time
– tracking of time and attendance for all employees or contractors to calculate gross pay
– deposits labor wages directly into employees’ bank accounts for each pay period
– gets in touch with ever-changing labor regulations
– calculates state and federal payroll taxes
– generates reports
– allows employees to view their payroll data
– ensure accurate pay calculation for different states and regions

Top 10 Construction Payroll Software

1. ADP Workforce Now

ADP Workforce Now is a comprehensive workforce compensation solution for managing HR processes, payroll, talent, compliance, and employee benefits. ADP Workforce Now has a company size of roughly 58,000 employees and makes US$14.59B in revenue.

2. Time Tracker

eBillity launched Time Tracker to offer an employee time and attendance tracking solution to simplify employee monitoring tasks and reduce admin workload using automation functionality. eBillity has a company size of 27 employees and makes $5M in revenue.

3. Paycor

Paycor offers the human capital management (HCM) platform that modernizes every aspect of employee management. Paycor has 1,945 employees and makes $327M in revenue.

4. BambooHR

BambooHR offers a human resource information system (HRIS) that includes an applicant tracking system (ATS), time tracking, payroll processing, and other features designed to streamline HR processes. BambooHR has a company size of 600 employees and makes $126M in revenue.

5. Hubstaff

Hubstaff has everything you need in managing teams. Its innovative and robust time tracking and task management solution lets you track teams with in-depth timesheets, GPS tracking, and project management using the tasks module.

Hubstaff has 50 employees and makes $4M in revenue.

6. Paychex Flex

This HCM solution is designed to help meet the HR requirements of employers across any size and industry. Its features include single login, electronic onboarding, job and labor costing, and more.

Paychex has 15,600 employees and makes $4B in revenue.

7. iCIMS Talent Cloud

iCIMS Talent Cloud is a unified recruitment platform that supports the entire candidate experience from start to finish. iCIMS has a company size of 1,000 employees and makes $280M in revenue.

8. UKG Ready

UKG launched UKG Ready to offer a flexible and seamless HR solution that offers a connected people experience to easily manage the entire employee journey — all from a single solution. UKG has 13,000 employees and makes $3B in revenue.

9. Workday HCM

Workday offers Workday HCM — a cloud-based HR management solution that helps global businesses across all sizes with workforce planning, analysis, and execution. Workday HCM has 10,500 employees and makes $3B in revenue.

10. Timesheets.com

This cloud-based time-tracking software service allows employers to track hourly time for payroll and project time for billing. Timesheets.com has a company size of 28 employees and makes $5M in revenue.

FAQs

How Can I Calculate Payroll Manually?

Manual payroll calculations are based on the pay frequency and the workers’ hourly wage. For example, if someone works full time, making $11/hr on a biweekly pay schedule, the calculation would be 40hrs x 2 weeks = 80 hours x $11/hr = $880 (gross regular pay).

When Is Payroll a Liability and When Is It an Expense?

Always remember that taxes withheld from employees are not an expense of the company that withheld them. On that note, payroll taxes that are not withheld from employees are expenses of the employer, and these are considered liabilities until the amounts are remitted.

Is Payroll Part of the HR or Finance Department?

Occasionally, payroll is a stand-alone department reporting directly to the CEO. But there are times when payroll is part of HR and sometimes of finance.

Your workers keep your construction project running from start to finish. With that being said, your workers should get their deserved wages and it is also your responsibility to pay them consistently. However, we also understand that your workforce’s compensation can be downright complicated. This is why payroll software products are now available in the market to ensure proper payment processes and without problems.

Forget about manually completing payrolls and avoid making costly mistakes. Invest in payroll software to save you time, stress, and money!


Related Posts