The Best Payroll and HCM Software for Restaurant Businesses

The restaurant industry is fast-paced and dynamic, requiring efficient management of human capital to ensure smooth operations. Selecting the best payroll company for restaurants involves considering a variety of factors, including payroll features, applicant tracking, recruiting, benefits administration, and ACA tracking. This article delves into the top payroll and HCM (Human Capital Management) software solutions tailored for restaurant businesses, with a special focus on the keyword phrase "best payroll company for restaurants."

Paycor

Paycor is a leading HCM software provider trusted by over 40,000 organizations, including many in the restaurant industry. It offers a comprehensive suite of tools designed to streamline HR processes, making it one of the best payroll companies for restaurants.

Payroll Features and Functionalities: Paycor’s payroll system is robust, ensuring timely and accurate payroll processing. It supports multiple pay rates, tip reporting, and compliance with state and federal regulations, which is crucial for restaurants that often have complex payroll needs due to varying pay structures and tipped employees.

Applicant Tracking and Recruiting: Paycor’s applicant tracking system (ATS) simplifies the recruiting process by allowing restaurant managers to post job openings on multiple job boards, track applicants through the hiring pipeline, and collaborate with team members on candidate evaluations. This system ensures that the restaurant attracts and hires the best talent efficiently.

Benefits Administration: Managing employee benefits can be complex, especially in the restaurant industry with its high turnover rates. Paycor’s benefits administration tools streamline this process by providing a centralized platform to manage health insurance, retirement plans, and other employee benefits.

ACA Tracking: Compliance with the Affordable Care Act (ACA) is a significant concern for restaurant owners. Paycor’s ACA tracking and reporting tools ensure that restaurants meet all ACA requirements, helping avoid costly penalties.

Gusto

Gusto is another popular payroll and HCM solution known for its user-friendly interface and comprehensive feature set, making it a strong contender for the best payroll company for restaurants.

Payroll Features and Functionalities: Gusto’s payroll features include automatic payroll tax calculation and filing, direct deposit, and support for multiple pay schedules. It also handles tips and garnishments, which are common in the restaurant industry.

Applicant Tracking and Recruiting: Gusto offers integrated hiring and onboarding tools that help restaurants streamline the recruiting process. Users can post job openings, manage applicants, and onboard new hires efficiently.

Benefits Administration: Gusto’s benefits administration platform allows restaurants to offer health insurance, retirement plans, and other benefits to their employees. The system simplifies enrollment and ongoing management, making it easier for restaurant owners to provide competitive benefits packages.

ACA Tracking: Gusto includes robust ACA compliance tools that help restaurant owners track employee hours, generate required reports, and ensure compliance with ACA regulations.

ADP

ADP is a well-established player in the payroll and HCM space, offering a suite of solutions tailored to the needs of the restaurant industry.

Payroll Features and Functionalities: ADP’s payroll system is known for its accuracy and reliability. It supports various payment methods, handles complex payroll calculations, and ensures compliance with labor laws.

Applicant Tracking and Recruiting: ADP’s recruiting solutions include an advanced applicant tracking system that helps restaurant managers find and hire the best talent. The system offers tools for job posting, applicant screening, and interview scheduling.

Benefits Administration: ADP’s benefits administration tools simplify the management of health insurance, retirement plans, and other employee benefits. The platform is designed to handle the specific needs of the restaurant industry, including high turnover and variable employee schedules.

ACA Tracking: ADP offers comprehensive ACA compliance solutions that help restaurant owners track employee hours, generate necessary reports, and ensure they meet all ACA requirements.

Paychex

Paychex is another top contender for the best payroll company for restaurants, offering a range of payroll and HCM solutions designed to meet the unique needs of the industry.

Payroll Features and Functionalities: Paychex’s payroll system is highly customizable, allowing restaurant owners to manage payroll for hourly and salaried employees, track tips, and comply with tax regulations. The system also supports mobile access, making it easy for managers to run payroll on the go.

Applicant Tracking and Recruiting: Paychex offers a robust ATS that helps restaurant managers streamline the hiring process. The system includes tools for job posting, applicant tracking, and onboarding, ensuring that restaurants can attract and retain top talent.

Benefits Administration: Paychex’s benefits administration platform simplifies the management of employee benefits, including health insurance, retirement plans, and wellness programs. The system is designed to handle the unique challenges of the restaurant industry, such as high turnover and variable hours.

ACA Tracking: Paychex provides comprehensive ACA compliance tools that help restaurant owners track employee hours, generate required reports, and ensure they meet all ACA regulations.

Restaurant365

Restaurant365 is a specialized software solution designed specifically for the restaurant industry, making it a strong candidate for the best payroll company for restaurants.

Payroll Features and Functionalities: Restaurant365’s payroll system is tailored to the needs of the restaurant industry, offering features such as tip management, labor cost tracking, and compliance with labor laws. The system integrates seamlessly with other restaurant management tools, providing a comprehensive solution for payroll management.

Applicant Tracking and Recruiting: Restaurant365 includes integrated recruiting tools that help restaurant managers find and hire the best talent. The system offers features for job posting, applicant tracking, and onboarding, ensuring that restaurants can efficiently manage their hiring process.

Benefits Administration: Restaurant365’s benefits administration platform allows restaurant owners to manage employee benefits, including health insurance and retirement plans. The system is designed to handle the unique challenges of the restaurant industry, such as high turnover and variable hours.

ACA Tracking: Restaurant365 provides robust ACA compliance tools that help restaurant owners track employee hours, generate required reports, and ensure they meet all ACA regulations.

Toast Payroll

Toast Payroll is part of the larger Toast restaurant management platform, making it an ideal choice for restaurants looking for an integrated solution.

Payroll Features and Functionalities: Toast Payroll offers a comprehensive payroll system that includes features such as automatic payroll tax calculation and filing, direct deposit, and support for multiple pay schedules. The system also handles tips and garnishments, making it well-suited for the restaurant industry.

Applicant Tracking and Recruiting: Toast Payroll includes integrated hiring and onboarding tools that help restaurant managers streamline the recruiting process. Users can post job openings, manage applicants, and onboard new hires efficiently.

Benefits Administration: Toast Payroll’s benefits administration platform allows restaurants to offer health insurance, retirement plans, and other benefits to their employees. The system simplifies enrollment and ongoing management, making it easier for restaurant owners to provide competitive benefits packages.

ACA Tracking: Toast Payroll includes robust ACA compliance tools that help restaurant owners track employee hours, generate required reports, and ensure compliance with ACA regulations.

Best Software Company for Restaurants

Choosing the best payroll company for restaurants involves considering various factors, including payroll features, applicant tracking, recruiting, benefits administration, and ACA tracking. Paycor, Gusto, ADP, Paychex, Restaurant365, and Toast Payroll are among the top solutions that cater to the unique needs of the restaurant industry. Each of these platforms offers robust features designed to streamline HR processes, ensure compliance with regulations, and help restaurant owners attract and retain top talent. By carefully evaluating the features and functionalities of each solution, restaurant owners can find the best payroll and HCM software to meet their specific needs.