What Does an Outsourced Payroll Company Do?

What does an outsourced payroll company do?

Outsourced payroll companies are a great solution for businesses of all shapes and sizes, but particularly for those small and medium businesses that don’t have a dedicated HR and finance team internally.

For these businesses, it is not always easy to maintain payroll records and stay compliant with strict and complex UK payroll legislation. Outsourced payroll providers provide the necessary expertise and resources to ensure that they are in full compliance with all the latest regulations.

Some companies offer outsourced payroll services as an alternative to hiring an in-house HR or payroll professional. This is a viable option for businesses that are looking for a more cost-effective option or don’t have the time or resources to cover the recruitment, training, and ongoing management and development of a dedicated in-house option

What are the benefits of using a payroll bureau?

Outsourcing payroll to a specialist payroll bureau is a cost-effective way to ensure that all of the needs of a company are met in an easy-to-manage partnered solution. Outsourced payroll providers can take care of everything related to payroll, including tax calculations, benefits and annual leave management, pension auto-enrolment, and more.

Outsourcing your payroll services is a great way to reduce the burden on your company. You can focus on your core competencies and profitable activity and let someone else deal with the day-to-day payroll administrative tasks.

The benefits of outsourcing your payroll services are endless. Here are a few reasons why you should consider outsourcing:

– You will save time, allowing internal resources to be more effectively allocated. You’ll also save money in both employing a dedicated member of staff, as well as the additional costs like technology and software licenses and training and development.

– It will allow the company to focus on what you do best, which is growing your business and providing great service to your customers while someone else handles the rest.

– It will provide peace of mind knowing that all of these tedious tasks are being handled by a highly experienced expert in the field, keeping up to date with laws and legislation, and any changes to regulations that may come into place via the UK Government.

The outsourcing process is not complicated and there are a number of benefits that it provides for both parties involved. An outsourced partner will take care of all aspects related to payroll and leave you with more time to focus on your core business.

Outsource your payroll function today

At Qualitas Payroll, we provide an easy-to-manage end-to-end payroll management and processing service, with a fully transparent costing structure and no hidden fees.

We place full emphasis on providing our clients with a quality payroll service, continually achieving a high minimum core accuracy rate, and ensuring the real-time and accurate reporting of the payroll services function. We also employ a strict and multi-faceted reconciliation process which means by the time your service goes live, we have absolute confidence in its accuracy.

Get in touch now for a free, no-obligation quote