One of the first questions that come to mind is usually, "What's it going to cost?"
But outsourcing can actually be a very cost-effective move, and one that can free up valuable time and resources within your organization.
It should, in fact, outsourcing your payroll functions should be viewed as an investment.
Here are nine points to consider when assessing the potential benefits of outsourcing your payroll functions to a professional payroll management services provider:
In addition to the benefits listed in this infographic, you can include the peace of mind of knowing that your payroll and other HR processes are being handled competently, accurately, and on time.
On top of that, you can be assured that the accountability and liability for compliance rests with your vendor, freeing you from the constant pressure of staying fully informed and compliant with the ever changing - and growing - rules, regulations, and legislation.
If your company has been growing for a while, odds are you are probably already thinking about the need for payroll management companies.
However, knowing how to get started or where to turn can be challenging. It may seem that integrating a new payroll management approach into the overall business plan of your company is a major task. Or you may be wondering if the cost will be warranted by the results? Making a change in any business system can be challenging and, in the case of outsourcing, involve an investment.
But the end result will be a payroll system that runs smoothly, accurately, and without you doing all the work.
Rhonda Abrams, author of Hire Your First Employee says,
"One of my rules is, if you have even one employee, get a payroll service. The penalties for screwing up are so much more expensive than the cost for the payroll."
The key to keeping happy employees and the IRS off your back is implementing an effective payroll management system. In addition, you can spend your time growing your business as opposed to handling the payroll management functions yourself.
As a business owner or payroll manager you have a number of options for your payroll functions. Software that can be installed in-house or cloud-based programs offer a good alternative. But if you really want to take full advantage of the benefits available to you, outsourcing to a provider like Accuchex can still be the best decision.
Reliability, full-service options, and reputation are the hallmarks of a quality payroll management service provider. If you are currently looking to invest in outsourcing you get your Free Download: Payroll Outsourcing Guide to help you make an informed decision or call Accuchex Payroll Management Services at 877-422-2824.