Payroll Outsourcing Service |
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Written by BlueApplePartner Payroll | ||||||||||||||||||||||||||||||
Thursday, 11 February 2010 08:39 | ||||||||||||||||||||||||||||||
Blue Apple Payroll is sub-registered with required statutory bodies and uses modern and proven methodologies and tools to provide you with peace of mind services so that you can focus on meeting your strategic business needs.
Blue Apple Payroll offers you world class technology assisting you with your Payroll Administration needs. Our Payroll Bureau Service fees are negotiable whereby we will structure your business payroll needs for the following: Blue Apple Payroll Management & HR Solution with 20 build in Module Service Agreement:
Considerations When You Outsource Your Companies Payroll AdministrationThe following considerations apply when selecting a company if you outsource the payroll function: A. Payroll Management must be the Company's main concern and not a mere by-product B. If you outsource the payroll function you want the assurance that the company have guarantees that if there is a mistake or mishandling of funds, you would want reimbursement C. The company must have a qualified, well trained and experienced team in all aspects of Payroll & HR Management D. The company must also offer additional services such as consultation, online payroll function capability and where applicable training. Prevent Time Leakage Through Payroll OutsourcingA business where there is a 50% split between labour and costs can add between 2.9 and 5.85% to their annual nett profit when they go the Payroll Outsourcing route. Time Leakage that occurs as the result of administration can thus a company income and as such payroll outsourcing should be considered. Time leakage can occur as the result of:
All of the above contributes to Time Leakage and thus profit loss. When considering the business function in a competitive environment it makes sense to prevent time loss through Payroll Outsourcing. When To Outsource Payroll Administration...Research results indicate that small & medium businesses invest as much as 40% of their resources in Payroll and HR Administration. When a small to medium business calculates its expenditures taken up, and it comes to more than 30% of the resources or budget, it is time to Outsource Payroll Administration. Areas where the business will save include, but are not limited to: ! Manpower ! Skills used which can be used towards profit making ! Office space ! Training ! Yearly upfront license fees for the payroll software ! Computer and Server costs ! IT support ! Time ! Electricity ! Paper and other stationary Apart from the above businesses can focus on core business when they Outsource Payroll Administration and ensure that their payroll is complaint with the latest TAX regulations. When To Outsource Payroll FunctionsCompanies that experience increases in payroll management costs associated with the number of people having to work in the payroll division, paper and filing costs, space rental expenses, equipment maintenance and training should outsource payroll functions. In the same breath businesses that simply cannot or do not want to hire more employees to handle payroll functions should also outsource payroll functions to an expert Payroll & HR Administration Company, also offered by Blue Apple Payroll. The cost saving, stress relieve and improvement in accuracy will be worth your while. You will benefit from not having to deal with monthly salary payments, slips, submissions of taxes etc and third party payments. Payroll Outsourcing | Bureau Service SummaryBlue Apple Payroll in four easy steps:
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Last Updated on Friday, 11 January 2013 15:38 |