Outsourced payroll services cut costs by 23%
PAYROLL ADMINISTRATION OUTSOURCING
The manufacturing company with 200 employees had its own payroll department for many years. However, the company had to repeatedly spend a lot of money on software upgrades and employee training to keep up with changes in legislation, and repeatedly deal with personal changes.
They solved the problem by outsourcing payroll services. The external service covers all the activities of a payroll accountant without interruptions due to vacations and illnesses, and is very flexible, whether the company is growing or, on the contrary, reducing the number of employees. Communication and document uploading takes place online, all agendas from attendance, through employee travel allowances to an overview of employment contracts (including sick leave and garnishments) are stored on a secure external storage and are available 24/7.
The annual evaluation of the change showed that the company secured the same level of service, saving considerable amounts. The saving is 23%.
- Zero cost of employee training
- Zero cost to upgrade software or purchase hardware (storage)
- Savings for an in-house payroll accountant
- Time and financial savings in document processing (no transport of paper documents)