Published: January 04, 2022
Updated: January 04, 2022
Payroll management strains the time and resources of many businesses. To solve the challenge, business leaders often consider outsourcing their payroll needs to a payroll service provider. While deciding to outsource is a significant step, when a service provider utilizes cutting-edge digital tools and platforms, the enhanced efficiency and accuracy of the payroll function makes it a smart choice. To help you assess the benefits of outsourcing your payroll needs, we have put together this infographic outlining the top five reasons to use outsourced payroll services–and what your organization could gain by doing the same.
- Free up internal resources for value-add tasks
- Avoid staff absences and turnover
- Future-proof the business with a solution that scales
- Get real-time business data to make informed decisions
- Protect business data with a secure platform
- Focus on core business priorities
- No longer need to stay current on legislative changes
- Avoid surprise time crunches (e.g. CRA audit)
- Eliminate T4/T4A and year-end season rush
- Improve work-life balance
- Decrease staffing overhead
- Avoid hidden costs of getting payroll wrong
- Reduce the risk of employee fraud
- Eliminate expenses for in-house software
- Obtain access to professionals with experience
- Get specialized industry experience
- Stay compliant with legislative changes
- Access complementary business services
- Leverage our robust digital tools to minimize payroll mistakes — and lift employee morale
- Take payroll burden off the to-do list
- Give employees convenience of a self-serve portal
- Obtain easy reporting to check detailed employee data
For more information on how we can help, contact us today.