FAQ (Frequently Asked Questions)
What kind of services does
a payroll provider usually offer?
Most providers supply similar services, such as creating
management reports, calculating payroll and tax deductions
for each employee and printing and delivering cheques.
Other related services may be available, but at additional
cost. Be clear about which features are offered and
be sure that they match your company needs.
Why should a company consider payroll outsourcing?
For most companies, payroll is not a core competency.
Therefore the decision to outsource the function can
not only save money, but also enable you to reallocate
resources to your core business.
When, specifically, should a company consider
payroll outsourcing?
Outsourcing should be a strategic decision. Ask yourself:
- Is there a system in place in the organisation that
will issue payments effectively and on time?
- Is the company internally able to do the calculations
and deal with the details of the payroll with almost
100% accuracy, timeliness and compliance to tax law
and government legislation?
- Does the company have the personnel (and time) to
review the accuracy of all the above operations?
- Is the total number of staff fewer than 20 people?
If you can't answer yes to all of the above questions,
you may want to consider outsourcing payroll.
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Payroll
Services Guide
