Time is money!
Payroll process is a complex, time-consuming and critical business task.
The cost of outsourcing payroll can outweigh the time efficiency it creates. For example, hiring internally could cost you £25,000 per year while outsourcing the same hire can cost around £5,000 per year.
This means you and your staff can add value to other areas of business operations.
Pension auto-enrolments, arrrrrh!
Auto-enrolment can come with its own payroll challenges such as fluctuating eligibility among employees on variable pay. Consequently taking time to get it right, check it and then double check it. With expertise that exists in an outsourced team along with supporting technology, means it’s one less thing to worry about.
There are so many rules around payroll. Ultimately the responsibility for compliance falls with you, the employer, so is it time to ask yourself are those expertise in house or should you get help from providers that have a continuous professional development programme and are CIPP accredited? Experience is everything.
Read more about our payroll solution.