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1. Reduce human resources cost.
2. Avoid software hiring.
3. Avoid responsibility on compensation and benefits.
1. Outsourcing payroll will free up staff time which can be utilized for more value-added services & revenue generating activities
2. Direct cost involved in payroll processing can be reduced as there would not be any need for specific investment in software or staff hiring for this purpose.
3. Payroll consultants are expertize in payroll aspects & local laws & provides efficient services.
4. There is need to maintain confidentiality of payroll information outsourcing is better option as the data is maintained in different environment and employees will not be able to access this information.
1.I believe doing payroll by the company keeps the employees well connected rather than looking outside.
2. Once e do payroll , we know the movement of all addition and deduction for each employee more closely and accurately.
3.Management will have enough time to read the compensation structure of the employees
4.It also depends on the type or the nature of business the company is involved in.
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