9th April 2018
Payroll is a high importance, legislation-riddled responsibility in any business, regardless of size or sector. You could have one employee or one thousand, be a farm or a factory; your staff still have to be paid accurately and on time, every time. Thousands of companies choose to either fully or partly outsource their payroll so that they can have all of the benefits of a flawless payroll department, minus the overheads and responsibility. Why stress over something that you can easily and affordably delegate to award-winning industry experts?
Here are a few key advantages to outsourcing your payroll:
- Payroll errors are surprisingly common in businesses or all shapes and sizes. Keeping abreast of ever-changing tax codes, laws and legislation can take its toll, and the result of this is often employees who are wrongly paid or not paid on time. Many choose to outsource their payroll to a company that has the expertise and required processes in place to avoid errors of this nature.
- The administrative side of payroll is time consuming, and many companies decide that this time can be better spent elsewhere. Maybe you will use it to focus on core business values, or to take the pressure off of a specific team, or to knuckle down on strategy, growth or development. The possibilities are endless.
- You may find that outsourcing your payroll results in dramatic cost savings for your business, as you no longer have to employ a dedicated person or team for this task.
- The data required to process payroll is confidential and sensitive. Especially with GDPR coming into effect on May 25th 2018, many companies are questioning if they are confident that this data is compliant to UK laws and if the data is sufficiently protected. By outsourcing your payroll to a company with state of the art data security systems and world-class accreditations, you can rest assured that your data is safe.
When it comes to deciding what exactly would suit you in terms of payroll outsourcing, we believe that your requirements are just as unique as your business. That’s why IRIS FMP tailor all of our services to our clients’ specific requirements. Maybe you want to fully outsource your payroll so that you don’t have to give it any significant thought at all, or maybe you would be happier using our intuitive payroll software yourselves whilst just delegating the time consuming processes to us. Either way, we will listen to you and take the time to understand your business so that together we can decide what would best suit you.
Our short video about payroll outsourcing shows just some of the ways it can help you and your business.
Contact us today and let us tailor a solution to relieve your payroll pressures.