The advantages of outsourcing your payroll are well understood, and it’s no wonder that more and more companies take advantage of an outsourcing service. After all, it frees the managers from having to acquire their own in-house expertise, reduces administration, creates more accurate and efficient payroll slips, and boosts morale. However, when considering a payroll outsourcing service, several considerations must be made – it is, after all, an important part of your business. Here’s how to properly choose the best payroll outsourcing service for your needs:
Good service is key
When you want to have the outsourcing service do a good job, you’ll expect a good service – but unfortunately, outsourcing services don’t always work with that in mind. See, an outsourcing service is a specialty service, and therefore its existence relies on the number of customers it can get. It follows that it will have a marketing team to get as many customers as possible – which may stand in the way of you and your company receiving a good, reliable, and personal service. Insist on good service. It’s very important.
Accuracy is a must
Outsourcing services are specialised, and therefore you would expect them to have high standards in terms of accuracy. Should you notice mistakes, it may be a sign of a lower quality outsourcing service. Look for a service that pro-actively looks for errors – not just in the job that they do, but also in the information you provide them.
Can they adapt?
Payroll laws, rules and regulations often change, and this means their services – and the way they conduct their business – must change with them. Make sure the service you choose understands all the current laws, rules and regulations, and adapts to any changes in the system. They should also be able to quickly and easily adapt to you should your request change.
Ask for references
Before hiring a payroll outsourcing service, make sure they are in good company and have a proven track record. One way to do this is by asking for references. A payroll outsourcing service which is proud of its record has no fear of giving you a list of their customers and their contact information for you to verify the quality of their service.
Outsourcing a certain part of your business is indeed a great idea – simply because there are some distinct advantages to it. However, those benefits can quickly turn into liabilities when it becomes clear that you’ve hired the wrong outsourcing service, especially for such an important aspect of the business as payroll. Be sure, therefore, to hire the right one. Look for great service, great communication, and great expertise when it comes to an outsource payroll service for your business.
Image courtesy of Stuart Miles/FreeDigitalPhotos.net