5 things you won’t miss when you outsource your payroll
Outsourcing payroll services for many UK businesses is rapidly growing in popularity with more and more companies choosing this option to ensure that their payroll is as accurate as possible.
So, what are the reasons so many companies are deciding to go with this option?
Below are just a few of the benefits when you outsource your payroll:
Legislation is always changing and you must be on top of it – Statutory payments, Contractual agreements, holiday pay calculations, IR35 and ever changing furlough calculations are just a few recent examples. Outsourcing allows you to hand over the responsibility to your Payroll Bureau.
2. In-house payroll and software costs
Running an in-house payroll often has much greater costs than first appear. They can include factors such as server maintenance, training, software costs, a payroll manager’s salary and most importantly the time invested into maintaining all these elements. Outsourcing allows you to streamline your costs and access to the latest technology
3. The worry of human error
Not only is your payroll now in the hands of experts, outsourcing your payroll adds another layer of checks to ensure that every payslip is correct
4. Worrying about planned and unplanned absences during key pay periods.
Using a Payroll Bureau takes the strain out of in-house payroll staff being available during the busy pay-periods. Outsourcing means that you are now always covered by a team of experts. No more time spent on contingency plans
5. Data Security
Quality Bureaux such as Garbutt + Elliott bureau use the latest technology and the latest data encryption technology to protect and secure your data.
If you’d like to know more about the benefits of outsourcing payroll bespoke to your business needs and how it can benefit your business, contact firstname.lastname@example.org and we will be happy to help.