As a company leader, finding new ways to improve business practices, increase revenue, reduce costly errors, and increase efficiency plays a critical role in your responsibilities. Outsourcing various tasks, such as payroll services, can make a significant impact.
- Control Without the Work
Contracting with an outside payroll service does not mean that you are relinquishing all aspects of your payroll process. It’s not an all or nothing type of deal; instead, you can choose the services you want your vendor to handle. Work with your contractor on an a la carte basis.
- Taxes can be Taxing
Not only do tax laws differ by state, but they change continuously. As an employer, you’re responsible for calculating and paying the correct federal, state, and other tax deductions monthly, quarterly, and annually. There are strict deadlines with penalties for late payments and errors.
Larger companies are more likely to have the resources to hire in-house tax and payroll staff. Unless you have someone dedicated to keeping up with tax laws and regulations, however, the chance of costly mistakes is significant. Outsourcing is an excellent option for small companies and startups that have limited resources and staff.
- Keep Your Staff Happy
Your employees work hard for their money, and in today’s economy, some live paycheck to paycheck. Although errors occur despite your best efforts, it’s wise to take steps to lower the probability of mistakes. In your office, you have various pay scales, some salaried, some hourly, some contract, part-time and full-time. All these variables require tedious calculation for everyone.
You can rest assured that “t’s are crossed and “i’s are dotted” if you turn this responsibility over to a professional payroll contractor.
- Supply and Demand
Another advantage of payroll outsourcing is cost savings. There are associated costs relating to in-house payroll departments: Staff salaries and benefits, equipment, supplies, and other expenses. If you experience a business downturn, you still must pay your payroll staff and related costs. On the other hand, a payroll company can be stopped and started at any time.
Running a successful business requires strong leadership, adaptability, and ingenuity. It also requires expert planning and balancing. You must be ready to make changes at a moment’s notice despite the best-made plans. Depending on your industry and company size, it makes perfect sense to delegate an office function like payroll, which requires implicit knowledge and detail.
In addition to finding the best talent for your industry, Springborn Staffing handles payroll processing services, paycheck distribution, tax withholding, and other administrative payroll functions.
- Lower administrative costs
- Reduce risk and compliance exposure
- Remove the unemployment burden
- Eliminate workers’ compensation worries
Let us take the burden of payroll off your shoulders, so you can start focusing on revenue-producing tasks. Contact us today. We’ll make a difference. We do more than promise excellence. We stand behind our employees’ performance – 100% guaranteed.