9 Things to look out for when selecting a Payroll Outsource Service Provider
- Author Bradley Templeton
- Published March 23, 2020
- Word count 407
- Continuity and segregation of duties
Bigger isn’t always better but in this case it normally is. You want to choose a service provider that has a large enough team so that your business isn’t over-reliant on one person or account manager. A larger team also allows the service provider to segregate duties between processing and checking your payroll.
- Focus
Payroll is a very specialized field and ideally you want to appoint experts to do your payroll. Be cautious of service providers who offer payroll outsourcing as an added service and not their core focus.
- Scalability
If you have a fast-growing business you want to choose a service provider that can absorb your growth. Payroll Outsource service providers tend to offer better scalability with larger teams.
- Multi-Nationals
It is complex to run payrolls in multiple countries, especially throughout Africa where payroll tax can often be open to interpretation. If you are a multi-national company, make sure to select a payroll outsource service provider with a proven track record in other countries and ask for customer references.
- Technology
Payroll Outsourcing companies who use cloud technology offer significant benefits and advantages e.g. customers have direct access to live data. This reduces the dependence of the customer on the service provider for reports and information. A Payroll Outsource service provider that does not offer direct access to live data does not have true cloud technology.
- Calibre of people
Some Payroll Outsource service providers appoint predominantly junior and inexperienced people in order to reduce costs. The best Payroll Outsource service providers tend to have a healthy mix between experienced and junior people. There should always be an experienced person involved in any payroll.
- End-to-end service
Ideally you want a Payroll Outsource service provider who does everything from A to Z. This includes submission of tax returns and facilitating payroll payments. However, be cautious of providers who insist on payment of money into their accounts so that they can earn interest. There are payment gateway options available where you don’t have to part with your money until it is paid over to your people.
- HR Management
Ideally you want to use one system that does both payroll AND HR. Some Payroll Outsource service providers offer cloud technology that allows customers direct access to HR functionality, whilst payroll is outsourced. This is a win-win and avoids tedious integrations between HR and Payroll systems.
- Customer References
Always ask for customer references!!
https://www.dnaoutsourcing.com/news.asp?C_ID=20
https://www.dnaoutsourcing.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- What is an anal fissure and how to get rid of it
- What are the symptoms of anal fissure?
- What causes anal fissures?
- Port Orange -- The Perfect Twin Sister to Daytona Beach
- Luxury Travel in New Zealand: Your Comprehensive Guide to Indulgence
- Marketing Strategies for Mooncake Suppliers: Standing Out in a Crowded Market
- Unlocking Mental Focus
- The Risks of Replacing Broken Garage Door Springs Yourself
- What to Do When Your Garage Door is Off Track
- Spring Clean Like a Pro
- Spring into Clean: Transform Your Home with Diamond Home Support Barking
- Spring Cleaning Magic: Unveiling a Fresher Home
- Top Cleaning Tips for the Spring
- The Lemon: Nature's Remarkable Cleaning Marvel
- How To Automate Affiliate Marketing?
- How To Activate Your Pineal Gland Fast?
- Effective Marketing Strategies for Tradies: Boost Your Business in 2024
- Which Prostate Supplement Is Best?
- How to make an unique baby room wall decoration?
- Top 10 Features You Didn't Know Existed in Product Configurators for Business Central
- 4-Day Paris Itinerary: A Female Traveler's Guide to Experiencing the City of Lights and Avoiding Common Mistakes
- Who Should Wear Oversized T-Shirts
- The Dos and Don'ts of Creating Engaging Online Content That Keeps Your Readers Coming Back
- Sapa Serenity: Trekking Through Vietnam's Rice Terraces
- Cyberbullying: Empowering Families to Safeguard Their Kids
- 7 Must-Know Tips for Helping Your Child During Their First Week with Braces
- Balancing Privacy and Authenticity in Your Online Dating Profile
- Project Managers & Stakeholders: Channels of Communication
- Choosing a Matching Front Door and Garage Door: Curb appeal—the whole facade of a house—should be in balance.
- Parental Alienation Syndrome: Recognizing Manipulative Behaviors and Protecting Children