Are your competitors outsourcing?
Outsourcing payroll allows many employers, especially small and medium-sized ones, to concentrate on their core business. That’s also true for HR staff members, who can devote more time to their core duties.
There is little about payroll that can be considered strategic, so as HR reduces headcount and looks for services to push outside, payroll is one of the top ones to get outsourced.
While the traditional benefits of outsourcing payroll – saving money, reducing errors, enhancing security, and providing you with more time to run your business – still exist, in today’s climate, improving technology and streamlining operations offer business owners even more opportunity for flexibility and efficiency.
In fact, payroll is one of the most commonly outsourced HR functions.