Setting up your payroll properly is even more important to your employees than it is to you … don't ever forget that. I have worked with companies who make a mistake on a paycheck and just shrug and say they'll fix it on the next paycheck. No! That may be convenient to you (and possibly even less costly) but you have made a huge dent in the trust your employee has in your company's ability to function properly. Employees expect and deserve consistent and correct payroll processing. They also expect you to be able to logically explain your company's compensation program. Do you know what your competitors pay and what is included in the whole compensation package? Can you explain why one employee's compensation is more or less than another employee's compensation? Your compensation package is what you are trading in exchange for the work your employees perform, so never undervalue the effect it has on your employees.