Using an Outsourced Payroll Only Service is the perfect solution
23rd February 2018 · Kevin Howes
Using an Outsourced Payroll Service is the perfect solution
If your company directly places temporary or contract workers, then outsourcing your payroll and back office support could be the perfect solution. Using an outsourced payroll provider will ultimately save you time and money, significantly reducing overall costs for temporarily placing contract workers on your own payroll.
Using an outsourced payroll provider will ensure that everyone is paid accurately and on time. This service comes with a range of benefits.
Time saving/ Productivity
Processing payroll in your own business is time-consuming. Outsourcing payroll allows employers to concentrate on their core business and free up time to be spent on strategic tasks that ultimately take priority. Regardless of the number of individuals that are employed on your payroll, attending to payroll demands a great deal of time and attention to detail.
For large companies, they may be able to afford to maintain an in-house payroll in their business. However, for small/ medium sized companies having an internal payroll is a money burner. For the cost of employing an administration accounts payroll team for the labour they would endure to keep up with payroll laws, computing and software, training and support and distributing paychecks or invoices, amongst everything else. It will be more beneficial to pay a small fee to employ an outsourced payroll provider to cover these tasks instead.
Mistakes with payroll can be painful. A good service payroll provider is less likely to make mistakes than an in-house payroll team. They will have staff dedicated to keeping up to date with all changes that could affect your payroll, ensuring that you stay in compliance.
Processing payroll is complex and potentially risky business. Outsourced payroll providers usually have the advanced technology to ensure that temporary and contract workers data are protected. Simply because this is the service that is promised to be provided to clients.
IT Talent have just introduced an outsource payroll only service where we promise to prevent our clients from spending extra time and money. To find out more about our Payroll Only Service have a look at https://it-talent.co.uk/payroll/.