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.

What is the London Living Wage?

The London Living Wage is an hourly rate of pay that has been calculated for workers in London that should allow workers to provide for their families, pay for essentials and save.
The rate is currently £9.75 an hour
This is significantly different from the UK Living Wage, which currently is £8.45 an hour.
Unlike the National Minimum wage, the Living Wage, and the London Living Wage rates of pay are not mandatory and is at the discretion of the employer.

Are there benefits to the employer?

Why would an employer choose to pay above the National Minimum Wage, and opt for the London Living Wage? Well the benefits to the employer include:

see reduced absenteeism and sick leave
find it easier to recruit and retain staff
see a huge boost to staff morale and productivity
see improved brand awareness as an ethical employer

What are the benefits to the employee?

Employees are able to afford the things they need to live (a decent meal, warm home and the odd treat)
Feeling valued by their employer
Improved job satisfaction
More willing to implement changes in the workplace

For more information on the London Living Wage, take a look at the Living wage website, and see the benefits to your business and your employees
http://www.livingwage.org.uk/what-living-wage
Contact us
Contact the payroll team by completing the form on our website. Alternatively you can call us on 020 8977 3559 at our Hampton Wick office to speak to an adviser.