Professional Employer Organization

When is it a good idea to outsource your payroll as a business owner? Here are 10 reasons why businesses turn to payroll-services providers.

• Cost – If your business has fewer than 20 employees, there’s a good chance you can save money by outsourcing your payroll operations. Think about it: figure out how many hours your employees are dedicating to payroll-related activities, plus however much your business is spending on printing and distributing checks, creating tax documents, etc., and compare that with the cost it would be to have a payroll-service provider do all that for you. You’ll be surprised.

• Productivity – Managing a payroll is something that takes time, lots of time. Without having to spend that time worrying about payroll, your employees will be able to be more productive in what they do.

• Accuracy – Payroll mistakes can be very agitating, not only to your employees but also to the government. A payroll-service provider is less likely to make mistakes, and if they do, they can be held accountable and you can get your money back. That’s something you can’t do with your employees' mistakes.

• Reliability – With a payroll-service, you don’t have to worry about someone getting sick or someone going on vacation and not completing their payroll responsibilities. With a payroll-service provider, your payroll can always be on time and the quality will never fluctuate.

• Speed & Insight– These companies are specifically built for your payroll needs. This is what they do and what they’re good at. When you ask them to do something they get it done, and they get it done fast. They can process even the most complex payrolls at lightning-fast speeds.

• Accountability – If the payroll-service you have isn’t up-to-par with what you signed up for---e.g., delayed paychecks, mishandled paperwork, etc.---not only are they responsible and you can seek financial restitution, but also switching to another payroll-service provider is quick and easy.

• Flexibility – Without your staff being bogged down by having to spend hours on payroll, they can instead spend their time doing work that will earn your business more profit.

• Security – With a payroll-service provider you won’t have to worry about time and rate abuses that might arise from an in-house payroll service. These companies have technology that can spot payroll fraud.

• Worry – None when it comes to payroll. When you outsource your payroll, that’s one less thing that you’ll have on your mind when trying to run a profitable business.