How does outsourcing payroll work?

It is a very simple process. You just need to sign up with us for a free trial or contact us directly. We will then ask you to provide us with the information for your payroll online. That’s all you need to do. Payslips and reports are sent to your online secure system.

Should I outsource my payroll?

Yes, you definitely should. Business consultants have made it clear that outsourcing some of the non-core functions to professionals can be good for your business. It helps you save time and money, get expertise, ensure compliance with government regulations and make payroll processing safe and secure. Most importantly, you employ your resources on your central functions which allow you to generate more income as well as saving costs.

How much does it cost to outsource payroll?

With 1 employee in your company, dhPayroll is less than £15 per month. We work on a sliding scale so that you only pay for the work we do, and that helps you keep your costs to a minimum. Costs can be as little at £3 per payslip for larger companies with 50 or more employees. We can further reduce by tailoring costs if your payroll is weekly or you have more than 100 employees, so please contact us in any case for further information on the costs. We would be pleased to discuss your requirements and provide you with a quote.

Is outsourcing payroll cost-effective?

Yes, payroll outsourcing is a very cost-effective solution for your business. Think of all the time and money that is spent in calculating payroll in each period, printing, signing and distributing payslips and making payments, software maintenance, keeping up with changes in tax rates and other training issues, recruiting and training payroll staff, along with premises and other IT costs associated with internal payroll staff. Outsourcing is definitely going to cost you less.

When should you outsource payroll?

You should outsource your payroll when you feel that the cost of getting it done in-house is more than outsourcing it to professionals, but also you would like the added benefits of security and simple effective software and secure online access to payslips and P60s for your team. It is best to focus on the core functions of your organisation because that is what drives your business and makes your company successful.

Benefit From Outsourcing Payroll Services to Your Business

When you launch a venture, it’s typical for businesses to manage all functions in house. However, you probably have to juggle several tasks as an entrepreneur. And as your organisation grows, it becomes necessary to take a few things off your plate. Rather than dividing your time and attention between various tasks, you should consider outsourcing certain non-core functions. Payroll services are one such task.

In this post, we’re sharing various ways outsourcing payroll services UK can benefit your business. Take a look.

Save Time

As previously mentioned, an entrepreneur’s day is typically filled with neverending to-do lists. You’ll end up spreading yourself too thin if you’re dealing with payroll on top of all that. In the business world, time is money. You can significantly save a lot of time by allowing payroll professionals to take over.

Avoid Delays

Calculating and paying employees on time is a key part of payroll. It may not be a big deal if wages are delayed on a rare occasion. However, it becomes a major concern if it happens frequently. In addition to negatively affecting employee morale, late wages can also invite legal trouble for your business. With a payroll service, you can rest assured that salaries will be paid on time.

Minimise Errors

When it comes to payroll, bookkeeping or any task concerning numbers, you cannot afford to make mistakes. Even a slight error can be catastrophic for your business. Instead of taking such a risk, a reputable provider can help your organisation with error-free payroll services.

Access Latest Technology

Manually calculating wages, tax, and other financial information is time-consuming as well as makes you prone to mistakes. Payroll professionals ensure efficient payroll processing and organisation with the help of dedicated software. Using the latest technology ensures seamless, fast and error-free payroll solutions.

Scalability

While your in-house payroll expert can handle your organisation’s early requirements, what happens when your business grows? You would need to spend more on adding employees and resources to the payroll department, which isn’t your core function. Moreover, it also takes time and effort to hire the right people. Fortunately, you don’t have to go through all that hassle with an online payroll service. Such professionals can easily scale your services according to your requirements.

Secure Sensitive Data

The last thing any business needs is sensitive company information falling into the wrong hands. In addition to using highly secure processing software, payroll providers also ensure secure online payments and reports.

Round the Clock Customer Support

What happens if there is an issue with payroll, but your in-house expert is on holiday? You won’t have to deal with such inconveniences with outsourcing service providers. Such experts typically offer 24×7 customer support. Whether you are having trouble accessing information or there is any other issue, you can trust a payroll service to provide you with quick assistance.

Final Words

Paying all employees on time as well as focusing on your business operations can be difficult. Why jeopardise your business growth? Do what you do best and allow external professionals to take care of your payroll and accounting needs.

Here’s How Your Business Can Benefit From Outsourcing Payroll Services

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