Payroll management is at the heart of every business with employees. And it is often one of the most time-consuming functions, as well. There is an alternative.
One option, of course, is to simply have someone else do your payroll for you. While this can be a truly cost-effective move for many companies, it may not always be the best move. And trusting your payroll integrity and efficiency to your nephew's wife who took some bookkeeping classes might never be a good option.
One of constant fears for many employers and small business owners is the possibility of an employee lawsuit. HR best practices can minimize the risk.
There are issues such as hiring, employee classification, and wage requirements that call for HR best practices in order to ensure proper HR compliance.
It's a new year and this often means change. One beneficial change can be the move to outsource your HR management functions. And you won't be alone.
It has been a rising trend among American businesses and indications are that outsourcing various aspects of HR management, especially payroll management, will continue to increase.
If there is any one thing employers and payroll management staff agree on it's that costs keep going up. And with signs of economic growth increasing, new hires will increase, as will the costs.
[This post was originally published May 14, 2015 and has been adapted and updated for 2017]