Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections
Home > BenefitMall > Trend Watch: Payroll Outsourcing
 

Trend Watch: Payroll Outsourcing

White Paper Published By: BenefitMall
BenefitMall
Published:  Sep 23, 2015
Type:  White Paper
Length:  10 pages

Accurate and timely payroll management is paramount to the successful operation of any business, whether a company has five employees or 5,000. If employees are not paid on time— and if employers fail to follow state and federal directives for employee classification, payroll tax filing, and other regulatory issues—management can soon find itself facing critical challenges, from high turnover to steep fines.

Determining whether a third-party service provider is the right solution requires a careful analysis of existing administrative costs and processes. This report examines the pros and cons of both internal payroll management and outsourcing, so that employers can make an informed decision about which path is best suited for their organization.



Tags : 
payroll outsourcing, hr outsourcing, payroll, small business owners, payroll management, compliance, turnover, retention