When a company experiences more demand for its products or services, it needs to expand its labor force accordingly, and payroll software can help. Using payroll technology may help businesses determine the right time to hire by having a precise measure of their payroll hours or costs of compensation and benefits to compare to their revenue. After a more than 22 percent increase in sales for the second quarter, Amazon announced it will meet its increasing customer demand by adding more than 7,000 full-time employees to its workforce.
Boost in Amazon sales leads to more hiring
Earlier this month, Amazon announced a huge boost in sales, with an increase of 22 percent in the second quarter to $15.7 billion. Soon after experiencing this rapid growth, the retail giant announced it was adding 5,000 jobs to meet demand at its fulfillment centers. Last year, Amazon established eight more fulfillment centers and currently employs 20,000 workers in its warehouses.
"We're hiring more than 5,000 people to join our team and help us continue to innovate and serve our customers," said Dave Clark, vice president of worldwide operations and customer service at Amazon.
7,000 fulfillment center, customer service jobs available
To complete orders made by customers, jobs in fulfillment centers include responsibilities such as selecting and packing orders before shipping them out for delivery. In addition to new fulfillment center jobs, Amazon also said it was hiring 2,000 more employees for its customer service network.
Calculate added benefits with payroll software
By looking at their financial statements through payroll software, companies can decide how they can structure their benefits programs based on their existing payroll expenses. Amazon said it pays employees 30 percent more on average more than typical retail workers. The company even includes comprehensive benefits, including health care and stock awards. For a large corporation like Amazon, it can even afford to have Career Choice, an educational program, pay for up to $12,000 of an employee's tuition costs, while smaller companies will have to carefully calculate their benefits program costs.
Using payroll technology, companies can determine how much they can afford to pay employees by looking at their current payroll. Include necessary benefits that will keep workers satisfied while ensuring their business goals are met. Not does payroll technology provide basic features such as tracking days for vacation or when employees are sick, it can also update to comply with the latest payroll tax tables and laws.