How do you ensure employees are paid accurately and promptly and know you’re compliant with federal and state regulations? Payroll outsourcing is a highly effective solution that will benefit you and your employees.
Repetitive payroll tasks take hours away from your business. If your business processes invoices or time cards, on average seven minutes per document is spent. That time includes a variety of tasks:
- Organizing the documents
- Computing and verifying totals
- Tracking deductions, garnishments, and taxes
- Computing shift differentials
- Generating reports
- Printing, signing, and distributing checks
Payroll outsourcing uses the latest technology to ensure timely and accurate payments while you focus on the primary functions of your business.
A payroll processor can save your business significant labor hours. In addition to issuing paychecks, time must be spent on related tasks:
- Entering new employee information
- Updating records for promotions or pay increases
- Deleting terminated employees from active payroll
- Tracking paid and unpaid time off
- Preparing W-2s
Outsourcing can save you the cost of labor hours and the cost of purchasing customized technology and software upgrades to meet your changing business needs.
Most business owners aren’t experts in government regulations or tax withholdings. And it can be a challenge to keep up with the changes. Yet you’re still responsible for accurate deductions and filings. Errors can result in audits and costly penalties. When you outsource payroll, you’ll partner with professionals who stay current with changes in government regulations and tax rates to ensure your business is compliant.
Payroll processing has its risks. Although you might have trustworthy employees to complete the work, your business needs the right technology to properly manage risks. It can be costly to be prepared for a variety of threats, including:
- Data breach
- Identity theft
- Tampering with company records
Payroll outsourcing retains the current technology needed to keep data confidential.
Get Expert Guidance
Time and cost savings, compliance, and security make payroll outsourcing an appealing option. When you partner with Priority One Staffing, we provide top talent to help your business thrive. Whether you’re interested in temporary, temporary-to-hire, or direct hire employees, we provide a full range of staffing services, including screening, testing, interviewing, and payroll processing. Learn more about the advantages of partnering with us.