Payroll in the context of construction refers to the process of compensating employees working on a construction project. This includes calculating wages, salaries, benefits, and deductions for workers such as laborers, carpenters, engineers, and project managers. Construction payroll also involves managing time tracking for hourly workers, tracking overtime hours, and ensuring compliance with labor laws and union agreements. Payroll in construction is a crucial aspect of project management, as accurately tracking and compensating employees plays a significant role in the overall success and profitability of a construction project.In addition to managing employee compensation, construction payroll also involves handling payroll taxes, insurance premiums, and other financial obligations related to labor costs. This includes ensuring timely payment of payroll taxes to government agencies, filing necessary paperwork
What is Payroll?
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Top 3 reasons construction finance teams use the Vergo platform
automate manual processes
Eliminate the hassle of manual data entry and repetitive tasks with our automation tools. Our platform ensures a smooth transition with free setup and ongoing support, making it easy for your team to get started.
streamline communication with the field
"Improve coordination and information flow between your office and field teams with our desktop and mobile app. Our platform enables real-time updates and seamless communication, keeping everyone on the same page.
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unlock better reporting & analytics
Transform your data into actionable insights with our powerful reporting and analytics tools. Our platform provides instant access to critical information and dedicated support to help you make informed decisions faster.
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"Our finance team absolutely love the platform."
"The platform has boosted our workflow efficiency and team collaboration. It's intuitive and user-friendly, allowing us to quickly adapt and enhance productivity."
"We saved hours eliminating manual data entry."
"Automating our data entry processes has saved us hours. The software captures and organizes our financial data accurately, reducing errors and freeing up time."
"We have so much more clarity into our project data."
"The platform gives us real-time insights into project data with advanced analytics and reports, helping us make better decisions."
