Ah yes, Payroll. The seemingly most annoying portion of HR, or so at least some say… But it doesn’t have to be. Payroll can be streamlined, quick, and efficient with all the proper securities and protocols set in place. Usually, however, the best way to do this is to payroll outsource Northern Hemisphere or even the Southern. Payroll information should be one of the more secure components to your HR department. Payroll can be tedious, time-consuming, and doesn’t really add any strategic value to your business, it is simply a necessity.
1. Time – Of course this is the most obvious. Saving time in a non-strategic part of your business translates to taking back that time and allocating it to other more important parts of your business.
2. Savings – Over the last 14 years, it has been proven that outsourcing services saves anywhere between 22%-34%, over what it costs to perform this function in-house.
3. No Backup – If you only have one or 2 people with the actual payroll knowledge itself, if they suddenly take a leave of absence, fall ill, quit, whatever the case, the entire business is left in the dark. This can be solved by not doing it inhouse and use a Payroll Outsource Northern Hemisphere.
4. Security – There are several security risks that go along with someone in-house doing this business operation. Outsourcing provides a “safe haven” for all needs.
5. Government Regulations & Compliance – Any mistakes made can lead to audits and penalties to the business. These can be potentially detrimental to your business and create setbacks.
6. Expertise – You may have one expert on your business, but no one can then understand him or her. Instead, a team of dedicated experts that can do all the explaining for you and guide you along as you go will put much at ease for any organization.
For more information on Payroll outsourcing options – GO HERE
The next time I read a blog, I hope that it does not disappoint me as much as this particular one. After all, Yes, it was my choice to read, nonetheless I truly thought you would probably have something helpful to talk about. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.