Payroll administration covers a range of tasks that ensure your employees are paid correctly. Outsourcing this work ensures you have an expert team behind you, who will keep everything running smoothly, whilst minimizing your costs.
What is payroll administration?
Payroll administration includes many tasks that deal with paying your employees. Such as documenting and organising hours worked, managing payments, and co-ordinating rates of pay. The size of your business, along with any commission schemes, or using bonus incentives will affect the work. Taxes and up-to-date adherence to employment laws are also part of these responsibilities. Specific software is used to track, control and issue payments, whilst documentation and records must be kept organized and available.
What does payroll administration include?
Your payroll administrator will have many tasks to deal with concerning paying your employees. They will process your payroll, keeping an up to date record that includes employee numbers, working hours, and other details. They will process reports to ensure you know exactly what is going on at all times. They will keep records of all payroll procedures and create and maintain records of all staff, including new hires, pay changes, and terminations. Whether you have just a few employees or hundreds, you need to be sure that your company payment policies comply with national and state regulations, including auditing and non-discrimination laws. This will be part of your payroll administrators role to ensure that this is kept up to date.
Why does this help my business?
Outsourcing your payroll department ensures that you are known as a fair and punctual employer. We will pay people on time and correctly, taking the stress out of what can be a very time consuming and confusing system. Working with us gives you access to a payroll administration team who work with a highly sophisticated payroll technology. We create an automated online payroll processing system tailored specifically to you and your employees, which includes calculating and paying necessary taxes and keeping you up to date and in line with ever-changing laws and legislation. All of this frees up your HR department and allows you and your direct employees to focus on productivity for the core of your business.
How does outsourcing work?
It is a very simple process to get started with us! All we need is for your employee's information to be transferred to us, which will include information such as job titles, pay rates, and hire dates. Our systems are completely secure with the latest cyber protection technology, so all this data will remain confidential between ourselves and you. Once all this information is logged, we can begin functioning as your payroll team. This includes all the services mentioned above, such as paying your staff correctly and on time, and covering taxes and insurance costs. We will also issue monthly reports on all payroll information, providing you with the data that can help you to make adjustments and take action to promote even more success for your business!