When closing payroll periods, accuracy is key! Several recent studies have shown that inaccurate payroll can affect company branding, reputation, and retention. In fact, a study by Kronos stated that 24% of employees will seek new employment after the first payroll mistake and 25% will leave after the second mistake. Therefore, you’re going to want to ensure that you keep mistakes to a minimum if you want to keep employees happy and dedicated. Luckily, Timesheets.com has built-in warnings and hard stops to highlight possible errors, which allows you to correct errors prior to paying staff.