Matt Levine's take from a few days ago. As usual, humorous and insightful.
https://www.bloomberg.com/opinion/articles/2019-09-24/don-t-...
https://www.bloomberg.com/opinion/articles/2019-09-24/don-t-...
He's bang on.
I'm curious what his "other companies" were, that they became a source of such financial pressure. One would think a payroll middleman has the easiest job in the world next to printing money. Companies put money in the kitty, you disburse the monies to other parties and take a cut. HN crew could probably set up an event-sourced system with Lambda to automate it all. 8000 employees, that does not seem like a lot?
Oh falling into the "could built it in a weekend" trap? Go right ahead, start a payroll company from scratch that can correctly pay, with proper auditing, checks and balances, any employee in the US (nevermind international) as quickly as possible, deal with wage garnishments, special deductions (401Ks, IRAs, FSA, HSA, and so on, part-time hourly and full-time salaried, bonuses with net-to-gross and gross-to-net, commissions for sales people along with "draw").... annnnnnnnd go!
Heh, I beg your indulgence for my cheeky comment, I of course know nothing of this matter, it seems easy, as all those task you mentioned can be converted to single rules. Not a weekend worth of work, but perhaps 20 weeks worth of work for a prototype?
Single rules, yes. For each State in the US. And every other country in the world. And that can change at any time of the year. Oh, and nobody form those various state and federal government agencies are reaching out to tell you when and what is cahnging.
And GP just listed a few things off the top of his head - there are literally hundreds of complexities in doing this that he glossed over...
Dude. Stop while you are ahead. Payroll is edge case upon edge case upon edge case. And if you fuck up any of those edge cases, you are fucking up some poor soul's livelihood (or maybe making their day and the expense of their employer!).
Sure, you can create a non-union, full-time, no overtime, citizen/permanent resident, no taxable benefits, CA resident and company location only payroll company “trivially,” but who the hell would use your software when there are ones that handle much more complex situations?
The easiest, though, is to simply subscribe to his newsletter, which has all the articles in full. There is rarely an edition I find myself immediately archiving.