Lumber, an innovative AI-driven construction workforce management tool, recently launched an automated payroll feature, transforming the way construction companies manage payroll. This cutting-edge feature integrates prevailing wages, overtime, PTO, and tax deductions, reducing a laborious 20-hour weekly task to just 30 minutes.
Since its inception in September 2023, Lumber Payroll has been a game-changer. It not only syncs with time-tracking tools for accurate wage calculation but also ensures compliance with labor laws, thanks to its AI and automation capabilities.
Manish Kumar, Lumber’s CTO, highlights how this automation is a leap forward for the industry. Traditional payroll processes are time-consuming and error-prone, often leading to wage inaccuracies. Lumber’s Payroll Engine addresses these issues, ensuring precise and compliant wage calculations.
The engine is a sophisticated tool that handles various payroll components like work hours, meal breaks, and holiday pay. It supports different wage standards and classifications, making it a versatile solution for diverse payroll needs.
Shreesha Ramdas, CEO of Lumber, emphasizes the significant time savings and compliance adherence this tool offers. By integrating with existing ERP systems, Lumber ensures a smooth transition to this advanced payroll processing method, enhancing overall efficiency and productivity in the construction industry.
Discover more about Lumber’s revolutionary payroll solution at Lumber Payroll.