Payroll outsourcing, tailored to suit your needs
Fully managed outsourced payroll service
Managed by our UK-based team of expert payroll professionals
Payroll outsourcing means hiring a third-party payroll service to deal with the payroll for you. They make sure all of your outgoing payments are made on time, and made according to people’s contracts. Payments are accurate and comply with the relevant tax and employment laws and regulations. And they’ll ensure all the right paperwork is generated.
Payroll outsourcing means taking on an external firm or person to handle all your payroll functions. It’s designed to save time and money by cutting the number of trained in-house payroll staff you need. The supplier will have all the right software, and will make sure you comply with the latest PAYE and other legislation.
There are many advantages to outsourcing payroll: you won’t need to employ payroll staff (saving money) or worry about your payroll worker being on holiday or ill at a critical point in the payroll cycle; and you’ll have confidence that your pay runs comply with all relevant legislation and are accurate. Some organisations might feel out of control by outsourcing their payroll, however, an outsourced payroll supplier should give you the option to check the pay run before it is made.
You need professional support from the company you outsource your payroll function to. It involves being accurate, and it’s best to find a company with experience. High levels of IT security are a must, and it helps if they’re approachable as well. Value for money always matters, and testimonials are an excellent way to know when an external payroll provider is worth working with.
Outsource your payroll when you’re not 100% confident you can do it yourself, or if you want to focus on other goals.. Maybe you don’t employ the right kind of expertise, or can’t afford to. Either way, it’s vital to get payroll right every time. An external supplier could be exactly what you need to save money on payroll, get it done quickly and efficiently, get it right every time, and comply with all the relevant rules, regulations and laws.
Payroll outsourcing simply involves handing over the responsibility for payroll to someone else, usually a specialist outsourced payroll provider.
The cost of outsourcing payroll depends on what you need. The best providers will create a bespoke system to dovetail with the way you do business, your employees’ expectations, and all the current rules, regulations and laws around payroll payment. The price will depend on the provider, how many employees you have, the duration of their contracts and the functionality you want. Ideally they’ll have a demo for you to explore.