How Outsourcing Your Payroll Can Improve Your Business

How Outsourcing Your Payroll Can Improve Your Business

Outsourcing time-consuming processes can allow for businesses of all sizes to improve their overall efficiency and productivity across the board. Payroll can be one of the most costly, tedious, and slow-moving processes of a business. There are endless benefits in completely outsourcing the responsibility of payroll, especially for SMEs. At the end of the month, Managers can get distracted with payroll responsibilities when there is a new deal on the horizon, or when core aspects of the business need attention. Outsourcing payroll allows for it to be completed with speed, reduced accountability and cost, as well as ensuring legal compliance. In many circumstances Managers and Directors of SMEs are left to organise the payroll process every week and month. Errors and frustrations occur due to it not being their primary skill set. It is paramount that the skills of every employee are maximised to their full potential and that there are no distractions that would hinder the proficiency of your business.  

Opportunity Costs

Outsourcing your payroll allows for the freeing up of resources. Staff can give their attention to the more essential tasks of your business and not be distracted by something that isn’t necessarily their speciality. The complexities of payroll can distract employees away from the primary functions of your business.

Reduce Cost

It can be expensive to employ staff to run this function for you, it can also be expensive to train and up-skill your current staff to ensure your payroll runs smoothly. By outsourcing your payroll you can ensure the level of skill and experience of the professionals working on your finances are at a consistent and top level, without it costing you any more expenditure. Time and spend savings are huge when you consider all of the administration, document checks, tax liabilities, bookkeeping and the constant tracking of the time, attendance and holidays of your workforce.

Speed

A company that specialises in payroll has streamlined the process to iron out any inefficiencies. They can also deal with any issues or problems proficiently as they have come across them before.

Ensure Compliance

By eliminating your internal payroll setup, you can ensure that workers are paid accurately and on time, every time. The required paperwork is no longer your responsibility and the requirement to be on top of changing legislation, tax changes and legal obligations is transferred.

Reduce Accountability

When you move to an outsourced payroll function, your staff, from graduate level right up to senior appointments, can be legally employed by the payroll company, reducing any direct risk that accompanies employment.

RECRUITERS has been controlling payroll functions for companies of all sizes for over 10 years. We have great experience and expertise in this area. We currently work with Microsoft, EBay, PayPal and Xilinx, payrolling contingent workers to ensure they have no payroll worries or inefficiencies. Our contracting division is led by our in-life programme manager Sarah Pope. Sarah handles all the day to day queries any contractors have, and ensures the seamless transition of employees. RECRUITERS can take over the entire payroll function of a company or solely new employees. Our RECRUITERPay Program comes with a range of service levels that can be tailor-made to suit your requirements. If you would like to find out more about how you can reduce costs around payroll operations fill out the form below and Sarah will get in touch.

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