Pierce, payroll specialist at IPS; Sarah Lutz, benefits
specialist; and Pete Feaman, vice president, at the IPS
offices in Delafield.
— The technological revolution has resulted in a makeover for the
days of employees wanting to get their check stub on a Friday and
take it to the bank have kind of gone away,” said John Feaman,
president at Integrated Payroll Services, or IPS, a payroll and
human capital management services business headquartered in
systems have been changing rapidly in the wake of a technological
push toward a more mobile and data-driven society, along with a
shifting legal and political landscape, according to Feaman. He said
both employees and employers are now often looking for more
advanced, streamlined, and comprehensive ways to work with payroll
and other related systems.
of traditional payroll, we’re also handling benefits
administration, electronic on-boarding” and more, said Feaman, who
noted workers are more accustomed to conducting their lives
electronically and administrators prefer not to monitor and work
with different systems for various areas of employee management.
professionals are liking it and employees are definitely demanding
it,” he said.
father, Larry Feaman, had a background in the payroll industry. He
started IPS in 2010 with John Feaman and his brother, Pete, who are
both certified practicing accountants, along with their sister
Leslie. Another sister, Sarah, joined the firm last fall.
recent years, Feaman said the company has added a series of human
capital management services to the business suite, and is
structuring systems in the cloud to allow access from all locations.
Feaman, president of IPS.
Market on the rise
global cloud-based payroll market is expected to increase at a rate
of 6 percent in coming years to reach $9.9 billion by 2023,
according to a Research and Markets analysis released late last
humans capital management systems are key for companies with
employees traveling and for those with employees working remotely,
which has also been increasing. Over 40 percent of workers worked
remotely at least some of the time during 2016, according to Gallup
addition to technology, developments in the legal and political
landscapes have influenced payroll and human capital system
Affordable Care Act has definitely affected my industry,” said
said payroll has been the main industry responsible for handling
reporting requirements in the law, also known as Obamacare. He said
that overall his clients have grown adept at handling those changes
in the years since the law was implemented.
to the new federal tax plan passed last year, Feaman said IPS
software is designed to automatically accommodate any changes in
offered these tips to businesses on handling payroll in the new
said businesses handling their own payrolls should invest in
software they are comfortable operating.
seen employers handling payroll themselves that have gotten into
trouble. They might not be up to date on compliance,” he said,
adding that consulting with a payroll provider can help with this
software selection and setup.
Make sure employees are
appropriately designated in all systems as employees or contractors.
contract work is increasing and tax laws are changing, the Internal
Revenue Service is looking into this aspect of reporting by
companies more carefully, according to Feaman.
Ask for more
businesses working with a payroll provider, Feaman encourages asking
what suite of services and streamlining options they offer.
might not know that the technology is available to them,” he said.
“Especially for companies that have employees that maybe aren’t
centric, they are throughout the nation.
can use systems to communicate with them.”