Outsourcing your payroll, whether partly or in full, can make a significant difference to your business. Saving you valuable time, money and resources, it’s a highly reliable and efficient means of lessening the load of administrative functions and putting the focus back into core business objectives.
Payroll Outsourcing is fully accepted within Agencies and becoming a part of everyday business.
Today, outsourcing has become a mainstream model for the running of key business functions, such as payroll and HR. A survey of 2,100 companies in the UK found that 68% outsource parts of their business, while 51% agreed it’s become an established way of streamlining key processes and running a business more smoothly.
Probably the most significant finding in the survey is that 64% of respondents said that outsourcing has saved their business valuable time and money. Although these figures are not specific to payroll outsourcing, they serve to highlight just how accepted the outsourcing model is for a range of businesses today.
Increased demand for outsourced payroll services.
There are various reasons why the demand for outsourcing is growing, but in terms of payroll, more and more businesses are recognising the benefits of having dedicated payroll experts in charge of complex and ever increasing payroll legislation. In recent years, the Auto Enrolment Pension Scheme and Inland Revenue’s e-filing rules and requirements have piled on the pressure for businesses to ensure the correct processing of their payroll functions. By outsourcing these administrative tasks, they can free up valuable time for employees to concentrate on primary business objectives.
In addition, the cost savings of payroll outsourcing are proving highly beneficial. In the current economic climate, businesses are looking for more ways to keep costs down, improve their efficiency, and gain a competitive advantage. By outsourcing your payroll, your business can dedicate more time and money to the more important functions whilst reducing costs in the long-term.
If you’re looking for a compliant provider to add to your PSL, contact us today to see how much time and money we can save you.
info@epayme.co.uk 01252 863700 www.epayme.co.uk