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.

Use These 6 Ways to Appreciate Your Employees to Boost Their Morale

Starting a business and scaling it requires time, effort, patience, and teamwork. Take one aspect out of the equation, and managing a business will seem extremely challenging. While we’ll talk about other aspects in another blog post, this article discusses the importance of appreciating your employees and why every business owner needs to do it. Here are six ways to do it.

Offer a Competitive Salary and Benefits Package

If you want to attract and retain top talent, you need to ensure that the financial interests of your employees are taken care of. This doesn’t mean that you have to be the highest paying company in your industry, but you need to offer a competitive salary and benefits package.

Some of the best benefits you can offer your employees include:

Health insurance.
Paid time off.
Retirement savings plans.
Profit sharing.
Flexible work schedules.

Foster a Positive Work-Life Balance

Today’s workers are looking for more than just a paycheck. They want to know that their employer values them as a person, not just an employee. One of the best ways to show your employees that you care about them is to offer a positive work-life balance.

Some ways you can promote a healthy work-life balance for your employees include:

Encouraging them to take their holidays.
Offering flexible work hours.
Allowing employees to work from home when necessary.
Being understanding when personal matters arise.

Offer Professional Development Opportunities

You show your employees that you are invested in their long-term success by offering professional development opportunities.

There are many ways to offer professional development opportunities, such as:

Paying for employees to take classes or get certifications.
Offering on-the-job training.
Encouraging networking opportunities.
Allowing employees to attend industry conferences.

Recognise Their Accomplishments

Humans feel motivated when their effort is recognized. Make it a habit to praise and appreciate hard-working employees during company meetings and annual events.

Other ways include:

Sending a personal note.
Giving them a raise or bonus.
Giving them a public shout-out.
Allowing them to lead a project.

Give Them the Autonomy They Crave

Nobody likes to be micromanaged. By giving your employees the freedom to do their jobs without interference, you trust their abilities. This can lead to better morale and increased productivity. Of course, you still need to set expectations and provide guidance when needed, but try to give your employees the autonomy they crave.

Outsource the Payroll System

A good payroll service company will not only manage the employees’ salaries but will also provide bookkeeping and human resources services. This will free up your time to focus on other aspects of running your business.

Looking for payroll services in Surrey is a great way to show your employees that you value their time and effort and are willing to work an extra mile to ensure their salaries are disbursed on time.

Final Word

People form a brand. It’s the employees working hard in your company every day that enables your brand to be successful. Employing these six ways to show employee appreciation can create a thriving business with a happy and productive workforce.