Showing posts with label evaluation payroll services. Show all posts
Showing posts with label evaluation payroll services. Show all posts
12/15/2009
Increasing complexity of payroll systems
Is it really possible that some companies are hesitant to employ the staff needed to grow their business because they think they will need to manage complicated payroll systems?
It is certainly true that regardless of the size of a business, the increasing complexity of payroll systems - managing wages, taxation, annual leave, PAYG, different state jurisdictions and superannuation - means that specialist knowledge is required for these functions to be carried out properly.
Medium to large businesses have for many years understood the benefits of using specialist payroll companies to manage their payroll requirements. What is becoming evident, however, is the growing need for small business payroll services as well.
Those businesses, whether large companies or SMEs, that have taken the step to outsource payroll services, have based their decision on these realisations, and have not looked back:
1. Payroll Australia differs from many other countries in that regulations and requirements can change between states. If you have a national workforce, in-house payroll management can be extremely time-consuming.
2. While there are some impressive payroll software solutions available, by outsourcing payroll functions, the need to rely on a dedicated staff member to perform payroll services is eliminated. There is no interruption to the payroll function when staff members are on leave.
3. They see outsourcing payroll functions as part of their risk management plan, because the provider ensures that the client meets all requirements for governance and compliance.
4. Professional payroll companies are able to clearly define the separation of duties, providing transparency and an audit trail if needed.
5. There is no need for them to update systems and software and retrain staff if and when laws and regulations change.
6. Payroll companies are able to quickly adjust to meet the evolving demands of a business. Whether these changes are integration, downsizing, physical and geographical expansion a quality payroll services will have the flexibility to match these needs.
7. Quality payroll services provide their clients' with online access to leave application and expenses processing, further eliminating the need for ancillary staff to manage these functions.
Successful businesses recognise that ability to do away with internal payroll systems has a measurable cost/benefit ratio. However, the peace of mind that results from knowing that this important function is being managed professionally is immeasurable!
Don't wait another day to discover how your business can improve by outsourcing your payroll requirements. Refocus on your core business and profit from the increased productivity.
Discover for yourself how Aussiepay innovator and leader in the payroll services and payroll systems an tailor a system that will seamlessly integrate with your current work
Article Source: http://EzineArticles.com/?expert=Richard_Nicholson
outsourced payroll services on alexa
It is certainly true that regardless of the size of a business, the increasing complexity of payroll systems - managing wages, taxation, annual leave, PAYG, different state jurisdictions and superannuation - means that specialist knowledge is required for these functions to be carried out properly.
Medium to large businesses have for many years understood the benefits of using specialist payroll companies to manage their payroll requirements. What is becoming evident, however, is the growing need for small business payroll services as well.
Those businesses, whether large companies or SMEs, that have taken the step to outsource payroll services, have based their decision on these realisations, and have not looked back:
1. Payroll Australia differs from many other countries in that regulations and requirements can change between states. If you have a national workforce, in-house payroll management can be extremely time-consuming.
2. While there are some impressive payroll software solutions available, by outsourcing payroll functions, the need to rely on a dedicated staff member to perform payroll services is eliminated. There is no interruption to the payroll function when staff members are on leave.
3. They see outsourcing payroll functions as part of their risk management plan, because the provider ensures that the client meets all requirements for governance and compliance.
4. Professional payroll companies are able to clearly define the separation of duties, providing transparency and an audit trail if needed.
5. There is no need for them to update systems and software and retrain staff if and when laws and regulations change.
6. Payroll companies are able to quickly adjust to meet the evolving demands of a business. Whether these changes are integration, downsizing, physical and geographical expansion a quality payroll services will have the flexibility to match these needs.
7. Quality payroll services provide their clients' with online access to leave application and expenses processing, further eliminating the need for ancillary staff to manage these functions.
Successful businesses recognise that ability to do away with internal payroll systems has a measurable cost/benefit ratio. However, the peace of mind that results from knowing that this important function is being managed professionally is immeasurable!
Don't wait another day to discover how your business can improve by outsourcing your payroll requirements. Refocus on your core business and profit from the increased productivity.
Discover for yourself how Aussiepay innovator and leader in the payroll services and payroll systems an tailor a system that will seamlessly integrate with your current work
Article Source: http://EzineArticles.com/?expert=Richard_Nicholson
outsourced payroll services on alexa
Evaluating payroll processing services
Evaluating payroll processing services to find one that fits your company's specific needs can be a time consuming process. But beyond comparing the basic features that many payroll services provide, avoiding several common pitfalls will help you save money and get the features that best fit your needs.
Mistake #1: Not knowing the difference between State Unemployment Insurance (SUI) and State Unemployment Insurance Service.
State Unemployment Insurance is both a necessary and a standard component of tax payme nt features in payroll services, and it is required by law. However, State Unemployment Insurance Service is a different thing--it sounds the same, but the latter is an add-on feature which only benefits clients who have extremely high turnover rates, which in turn drive up their unemployment rates. If a company has a time with less turnover, the state does not automatically reduce their rate accordingly; if you opt for this feature, your state unemployment insurance will petition the state to drive down your rates accordingly. Another feature of this service is that if you have a lot of unemployment claims against you, your outsourced payroll service can send someone to represent you. But if you don't have much turnover or a lot of bogus unemployment claims, you don't need this service--don't pay extra for this unless you need it.
Mistake #2: Not knowing up front what your payroll processing services provider will charge for Year End and Miscellaneous fees.
If you think you've found solid payroll outsourcing services with the features you need at a good monthly rate, you may be in for a surprise at Year End. Before you sign up, make sure you know what ALL the fees will be. Many charge extra for W-2's; some will offer a free reprint if an employee loses their original W-2, some charge.What is the charge for New Hire Reporting? This may matter more if you have a lot of turnover. Is there a Hosting Fee for an online payroll service? Adding up all those miscellaneous fees may make a big difference in the bottom line. Knowing these additional fees in addition to the base fees will make it easier to make an apples-to-apples comparison of payroll processing services.
Mistake #3: Buying an add-on HR Module you don't really need.
Many payroll outsourcing services will offer an additional HR module with things like templates to create employee evaluations, fields for keeping track of employee training, leave of absence requests, job descriptions or Benefits Administration.
While these are good features to have if you have a number of employees, you may be able to keep track just as well in an Excel spreadsheet, saving you money. Weigh the cost versus the benefits to see if it's worth the extra money.
With these tips in mind, you are now ready to make an informed decision on which payroll processing services are right for you.
Suzanne is the Director of Operations for G & K Office Solutions. Her numerous articles cover a variety of topics, incudings human resources issues, payroll and payroll management, and retirement funding. For more information on evaluating various payroll processing services providers, visit http://savingsfordoctors.com/outsourced-payroll-services.html.
And for information and resources on Medical Billing, visit http://everythingmedicalbilling.com.
Article Source: http://EzineArticles.com/?expert=Suzanne_Burnham
outsourced payroll services on alexa
Mistake #1: Not knowing the difference between State Unemployment Insurance (SUI) and State Unemployment Insurance Service.
State Unemployment Insurance is both a necessary and a standard component of tax payme nt features in payroll services, and it is required by law. However, State Unemployment Insurance Service is a different thing--it sounds the same, but the latter is an add-on feature which only benefits clients who have extremely high turnover rates, which in turn drive up their unemployment rates. If a company has a time with less turnover, the state does not automatically reduce their rate accordingly; if you opt for this feature, your state unemployment insurance will petition the state to drive down your rates accordingly. Another feature of this service is that if you have a lot of unemployment claims against you, your outsourced payroll service can send someone to represent you. But if you don't have much turnover or a lot of bogus unemployment claims, you don't need this service--don't pay extra for this unless you need it.
Mistake #2: Not knowing up front what your payroll processing services provider will charge for Year End and Miscellaneous fees.
If you think you've found solid payroll outsourcing services with the features you need at a good monthly rate, you may be in for a surprise at Year End. Before you sign up, make sure you know what ALL the fees will be. Many charge extra for W-2's; some will offer a free reprint if an employee loses their original W-2, some charge.What is the charge for New Hire Reporting? This may matter more if you have a lot of turnover. Is there a Hosting Fee for an online payroll service? Adding up all those miscellaneous fees may make a big difference in the bottom line. Knowing these additional fees in addition to the base fees will make it easier to make an apples-to-apples comparison of payroll processing services.
Mistake #3: Buying an add-on HR Module you don't really need.
Many payroll outsourcing services will offer an additional HR module with things like templates to create employee evaluations, fields for keeping track of employee training, leave of absence requests, job descriptions or Benefits Administration.
While these are good features to have if you have a number of employees, you may be able to keep track just as well in an Excel spreadsheet, saving you money. Weigh the cost versus the benefits to see if it's worth the extra money.
With these tips in mind, you are now ready to make an informed decision on which payroll processing services are right for you.
Suzanne is the Director of Operations for G & K Office Solutions. Her numerous articles cover a variety of topics, incudings human resources issues, payroll and payroll management, and retirement funding. For more information on evaluating various payroll processing services providers, visit http://savingsfordoctors.com/outsourced-payroll-services.html.
And for information and resources on Medical Billing, visit http://everythingmedicalbilling.com.
Article Source: http://EzineArticles.com/?expert=Suzanne_Burnham
outsourced payroll services on alexa
Outsourced Payroll Services
Timely payment of wages is necessary for employee satisfaction and to keep them motivated. The slightest lapse in this regard can prove very expensive. However, managing payroll is a difficult task for even the most proficient employee. Personnel changes, deadlines and changing tax regulations only worsen the situation leading to unnecessary delays and inefficiencies. A payroll service can take care of all your payroll requirements and free you and your employers of unnecessary stress and hassles.
Outsourced payroll services become even more important for start-up businesses. While you take care of everything from product development, to advertising and marketing and sales, payroll is one function that can be easily outsourced to a payroll service.
Over one-fourth of the companies are already enjoying the benefits of outsourcing payroll. Here are the main benefits you can expect from outsourcing.
Free payroll software
Outsourcing payroll eliminates the need to buy, install, support and maintain payroll software and reduces the IT labor needed, resulting in several immediate cost reductions. Several payroll companies also provide software integration into your office accounting systems along with customization. Further, payroll services regularly update their software giving you another indirect cost benefit.
Easy scalability at minimal cost
When you outsource to a professional service, you do not have to worry about adding new staff to deal with business growth. Similarly, they take care of reassigning tasks, lay-offs and unemployment insurance for contracting businesses, thus freeing the owners of this responsibility at affordable prices.
Focus on your core business
Payroll takes up a total of eight-ten hours of employee time, every pay period. Outsourcing payroll saves valuable employee time that can be devoted to core business issues for improving productivity.
Employees prepare and submit own payroll data
Payroll services use software as a service, which delegates to employees the responsibility of gathering and submitting work hours themselves. For this, each employee uses his login to enter information about work hours into electronic time cards on the providers website. After completion, these are electronically reviewed by the manager, who can either approve or send back any inaccurate time card. Defaults for submission, approval and correction ensure that employees get paid even when the manager is unavailable for reviewing the time cards. Variable pay such as bonuses, commissions and fines are also accommodated by most services.
Convenience of Paper Paychecks or Direct Deposit
You can ask for paper checks to be delivered to your office, or provide for direct deposit to employees. In either case, the payroll company takes care of statutory withholdings and contributions to health and retirement plans.
Onus of regulatory compliance shifted to payroll service
The biggest headache when processing payroll is keeping pace with changing tax regulations which lead to unnecessary fines and penalties for your company. Payroll services can better handle mandatory tax regulations and ensure compliance with them. Additionally, payroll services themselves pay for penalties, if any, saving you money and worries.
Outsourcing payroll can be one of the most profitable decisions you make. Go ahead and hire a payroll service to reap the benefits of increased business output and profits.
Daljeet Sidhu is Co-founder at TradeSeam Business Network. Connect with customers, suppliers, partners and service providers online and start receiving qualified sales leads to grow your business. Find, Compare Prices and Save on vendors and suppliers for your business needs. Power up your business by leveraging the Tradeseam verified seal to build trust with customers, partners and suppliers and receive more qualified sales leads and business opportunities. Read our business payroll services advice. Compare payroll management quotes.
Article Source: http://EzineArticles.com/?expert=Daljeet_Sidhu
outsourced payroll services on alexa
Outsourced payroll services become even more important for start-up businesses. While you take care of everything from product development, to advertising and marketing and sales, payroll is one function that can be easily outsourced to a payroll service.
Over one-fourth of the companies are already enjoying the benefits of outsourcing payroll. Here are the main benefits you can expect from outsourcing.
Free payroll software
Outsourcing payroll eliminates the need to buy, install, support and maintain payroll software and reduces the IT labor needed, resulting in several immediate cost reductions. Several payroll companies also provide software integration into your office accounting systems along with customization. Further, payroll services regularly update their software giving you another indirect cost benefit.
Easy scalability at minimal cost
When you outsource to a professional service, you do not have to worry about adding new staff to deal with business growth. Similarly, they take care of reassigning tasks, lay-offs and unemployment insurance for contracting businesses, thus freeing the owners of this responsibility at affordable prices.
Focus on your core business
Payroll takes up a total of eight-ten hours of employee time, every pay period. Outsourcing payroll saves valuable employee time that can be devoted to core business issues for improving productivity.
Employees prepare and submit own payroll data
Payroll services use software as a service, which delegates to employees the responsibility of gathering and submitting work hours themselves. For this, each employee uses his login to enter information about work hours into electronic time cards on the providers website. After completion, these are electronically reviewed by the manager, who can either approve or send back any inaccurate time card. Defaults for submission, approval and correction ensure that employees get paid even when the manager is unavailable for reviewing the time cards. Variable pay such as bonuses, commissions and fines are also accommodated by most services.
Convenience of Paper Paychecks or Direct Deposit
You can ask for paper checks to be delivered to your office, or provide for direct deposit to employees. In either case, the payroll company takes care of statutory withholdings and contributions to health and retirement plans.
Onus of regulatory compliance shifted to payroll service
The biggest headache when processing payroll is keeping pace with changing tax regulations which lead to unnecessary fines and penalties for your company. Payroll services can better handle mandatory tax regulations and ensure compliance with them. Additionally, payroll services themselves pay for penalties, if any, saving you money and worries.
Outsourcing payroll can be one of the most profitable decisions you make. Go ahead and hire a payroll service to reap the benefits of increased business output and profits.
Daljeet Sidhu is Co-founder at TradeSeam Business Network. Connect with customers, suppliers, partners and service providers online and start receiving qualified sales leads to grow your business. Find, Compare Prices and Save on vendors and suppliers for your business needs. Power up your business by leveraging the Tradeseam verified seal to build trust with customers, partners and suppliers and receive more qualified sales leads and business opportunities. Read our business payroll services advice. Compare payroll management quotes.
Article Source: http://EzineArticles.com/?expert=Daljeet_Sidhu
outsourced payroll services on alexa
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