You Run Your Own In-house Payroll
Outsourcing your payroll reduces the stress of running your payroll. A fully managed payroll service is the most efficient and cost effective way to manage your payroll.
Have you ever calculated the actual cost of running your payroll in-house?
Running your payroll in-house means you have to:
- Keep up with legislation – this takes time for you to research and check (the onus is on you to be legal and correct after all)
- you need to upgrade and pay maintenance on your payroll software – with annual charges and the need to involve IT this takes time and costs you money
- IT support from your own department and that of your payroll software provider uses up more time and costs.
- You have to provide your own IT hardware – Printers, PCs, IT department support time to keep them working…
- Backing up your payroll information system regularly, making sure you have good security and have an active disaster recovery plan in place all takes time!
- Of course there are also staff costs – training, time spent on administration and payroll filing, not to mention holiday, sickness and other leave to cover, recruitment costs should also be considered.
- Actual costs of your payroll stationery requirements shouldn’t be underestimated either – payslips, envelopes, paper for reports, printer cartridges…it all adds up.
