Few business owners or managers will cite payroll management as
one of their favorite tasks. With business trading conditions being
tough for most, many companies are asking 'when does it make sense
to outsource payroll operations, and can it reduce overheads?' John
Pindar, the Marketing Manager of Nottingham based PBS (UK) Limited
takes a quick look at the top reasons that businesses turn to PBS
(UK) Ltd and their Fully Managed Payroll Service to outsource
their payroll;
1. Cost; for many small businesses, specialist payroll
departments are not worth the extra expense. If you have fewer than
50 employees, there's a good chance that outsourcing works out
cheaper than employing a specialist. Don't forget to include the
associated costs of running an in-house payroll, such as; payslips,
software, and training. With prices from as little as £35.00
per month, PBS are usually better value for money than the in-house
option. The cost of an in-house payroll may be more than you
think!
2. Time; Payroll is a time consuming activity. By outsourcing
your payroll, you and your staff have time to focus on more
important business activities.
3. Accuracy; Payroll mistakes can be painful, angering employees
and - more ominously - the government. Outsourcing to an ISO:9001
payroll services provider reduces the potential for errors when
compared with in-house staff. After all, we know about payroll so
you don't have to!
4. Reliability; In-house payroll activities function as reliably
as the people doing the work. With the IPP-qualified workforce and
vast payroll experience you gain access to by using a payroll
bureau, output speed and quality won't vary in accordance with
vacations and illnesses. You also won't have to spend time helping
new hires understand your business's payroll system
5. Insight; It can be time consuming to research and check the
frequent changes to payroll legislation. When you run your payroll
in-house, the onus is on you to check that you are legally
compliant. When you outsource your payroll, the burden for checking
and complying with new legislation rests with the bureau, not
you.
6. Confidentiality/Security; Many outsourcers provide a secure
and confidential service, only taking payroll instructions from
named contacts within your organisation.
7. Worry; There's a lot to be said for the peace of mind that
outsourcing your payroll can bring to a business owner or manager.
No headaches, no hassles: You're left to focus on running a
profitable business.
PBS (UK) Limited provides a complete UK Payroll service that is
fully compliant with UK Payroll legislation, ensuring your staff
get paid accurately and on time, every time. PBS also offers
International Payroll Services designed to pay your staff wherever
they are in the world. In addition, our outsourced Human
Resource Service can ensure that businesses comply with on-going
employment law changes and requirements and that staff are managed
professionally.
For further information on the Payroll and HR services provided
by PBS UK Ltd visit the website at www.pbs.uk.com or
call 0115 9853199