Things to Consider When Outsourcing Payroll
If you are currently not outsourcing your payroll, it may be because you feel that doing so will cause your Human Resources office to lose a bit of its personal touch. After all, it seems ideal to have a Human Resources office full of warm and friendly staff, eager and willing to help your employees with whatever they need. Unfortunately, this ideal is not realistic for many companies. For financial reasons, businesses today tend to have small Human Resources offices, and the staff working there are often drowning in paperwork to the point where internal customer service can no longer be their first priority.
By outsourcing your payroll, you will see a variety of benefits for your company. First, it will free up a tremendous amount of time amongst your Human Resources staff. This will give them the ability to focus on locating the best new talent for your organization, as well as training, developing, and retaining them once they become employees. They can also focus more on good employee relations and being available at all times during the work day to handle questions and concerns.
Next, outsourcing your payroll will allow your Human Resources staff more time to make sure they are up to date on all federal policies regarding fair labor and employee benefits. This is of ultimate benefit to your company, as it will help prevent innocent mistakes that can result in hefty financial penalties. Finally, you will be able to assign your Human Resources employees new tasks they would not have had the time to complete prior to the payroll outsourcing. For example, they can collect and analyze data regarding employee time and attendance, training completion, and recruitment efficacy. This shift in the main duties of Human Resources employees is rapidly becoming the industry standard.