ParkerRandall

HR & Payroll (1)

Every company has a goal. That must be gaining a higher profit. It can only be achieved through two things; increasing its revenue or reducing its costs.

There was a time all work-related tasks and services for a business of any size were done in-house. Later, business consultants have long advocated about outsourcing non-core functions. A non-core function is one that is not a profit center (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors. 

Then, businesses worldwide realized that if they outsourced work, they could save money and achieve their goals. Payroll function is one of such functions that is regarded as a non-core function.

Many businesses worldwide, including small to large sized companies, today outsource their payroll function with professional payroll outsourcing companies.

 

Benefits of outsourcing payroll?

1. Save your time
Payroll processing by hand is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.