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.

Real Living Wage increases | Dhpayroll October 2023

Real Living Wage increases

On 24^th October 2023 the Living Wage Foundation announced that the Real living wage increases to £12 in UK and £13.15 in London.

10 Increase in the real living wage as cost of living continues to hit low paid workers the hardest.
Ober 460,000 Living Wage worker are set for a pay boost as 14,000 living wage employers are signed up to pay new rates.
The new real living wage rates are now worth £3,000 more per year in the UK than the minimum wage and over £5000 more in London.
£3bn in extra wages has gone to low paid workers since 2011.
The real living wage vs the ‘National living wage’ – the difference

Unlike the Government minimum wage (National living wage for over 23s – £10.42) the real living wage is the only wage rate independently calculated based on rising living costs and applies to everyone over 18.

For more information on the Reak living wage, and to find out how offering this to your employees could help your workforce, please look at the Living Wage foundation website.

Living Wage Employers | Living Wage Foundation

Check out our blog on staff retention