Banking

Payroll Outsourcing Choices

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Executive Summary

Outsourcing of payroll processes simply means that you transfer this traditionally in house function to another company. All of the tedious duties involved with payroll processing are shifted from the company itself, allowing more constructive use of staff time. Once a firm entrusts its payroll processing to a reliable outsourcing company, they can be assured that not only will all the payroll be taken care of, but expert advice will also be available. The costs of setting up your own payroll systems, which include software purchasing, maintenance and upgrades is avoided. Using payroll processing outsourcing avoids many issues such as penalties, salary calculation errors and claims.

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