Payroll services for any size business
Simplify running payroll from your smartphone, tablet, or desktop. Let a SOURCEitHR payroll specialist run payroll for you. All supported by our 24/7 experienced support team.
What is Payroll Outsourcing?
Payroll outsourcing in a business means engaging an external party to handle all payroll related activities. Outsourcing of payroll functions is generally done to reduce cost and save time required to deal with financial tasks related to a payroll. Hiring an external firm to handle payroll activities means a business organization can do away with the need to hire and train a large in-house payroll staff, buy appropriate software package for payroll functions and remain constantly updated about complicated tax regulations.
Outsourcing of payroll activities is beneficial for all kinds of businesses, regardless of the organization having a large payroll or a mid-range or small payroll.
What are the advantages of outsourcing a payroll service?
Outsourcing payroll allows employers to concentrate on their core business and frees up the business owner, human resources or accounting personnel to work more on strategic tasks that could ultimately affect your bottom line.
Companies choose to outsource payroll for several primary reasons:
- Cost savings by avoiding the need to use in-house resources to comply with complex payroll requirements
- Ease of ongoing administration of payroll through changes in personnel, reduction or increase in the compensation structure
- Avoiding mistakes and tax compliance penalties
- Benefit from the experience and knowledge
- Use of HR software to automate many of the paper intensive HR processes
How do Payroll Outsourcing services work?
Payroll outsourcing generally includes all activities related to payroll processing and other payroll-related functions. Payroll processing includes several activities like maintaining employee records, calculating employee salary and wages, computing and adding bonuses, distributing payroll, generating payroll related reports and complying with the taxation laws of the government.
Payroll outsourcing service is ideally complemented with a Employee self-service (ESS) that helps companies save labor hours and increase efficiency. ESS is a self-service that all of your employees have access to, not just HR professionals. Employees can access their payroll, apply for overtime, request a leave/vacation, make updates to their own details, and more.
We accurately manage all your payroll activities and cycle from A-Z on time every time:
Focus on making your business all it can be — with SOURCEitHR payroll services
How much do you value your time? As you keep your business running during the COVID-19 coronavirus pandemic, our payroll services let you focus on what matters most to you and your employees.
Learn how our payroll services help business owners focus on achieving their unique vision of success by outsourcing the time-consuming burden of dealing with payroll processing and taxes.