The average growth rate of outsourcing market remains at least 20% per year.
There are several reasons why increasingly more companies opt for outsourcing when it comes to payroll (and often not limited to outsourcing payroll).
Lower operational and labor costs are among the reasons why a company chooses to outsource. When executed properly, this step has a definitive impact on the company’s revenue and can bring significant savings.
In payroll, the costs shall not only be calculated with the employees involved in this aspect of the business. It is necessary to allocate money for a payroll program (especially if the organization has a significant number of employees) and for possible inspection from the authorities.
Delegate tasks and reduce risks
When you say outsourcing you automatically think about delegate – someone else will do the work. But when it comes to payroll, an important step in outsourcing is the delegation of responsibilities. The outsourcing company would be made will take over the tasks and responsibility. Thus you can be focused on the key elements of business that bring added value.
When you don’t have internal resources
Another reason to outsource payroll process is the lack of internal resources. Best specialists in payroll must ensure a correct calculation of salaries on time and without risk of penalty. If you don’t own these resources is simpler and less expensive to outsource.
Access to technology and legislative consulting
When you have payroll outsourcing, you access more options as a result of technology development. You can integrate elements of timesheet, the Employee self services, centralized reports on the movements of personnel, types of leave etc. More, all situations that need legislative interpretation, these will be resolved by the specialists of the company.
Smartree, as proprietary software platform, offers the advantage of continuous improvement, therefore Payroll module can be successfully integrated by other modules, such as Personnel, Time, Employee Self Service, Schedule, Reporting, Notifier, Flexible Benefits, Documents and Recruitment in the MyStaff suite.
Request a quote on payroll outsourcing for your company.
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