4 Signs That You Should Outsource Your Payroll
For the majority of UK businesses, dealing with payroll is a major task. This is not only because of the work involved but also how critical it is. Innocent mistakes in dealing with your payroll could lead to penalties from HMRC, for example, while incorrect pay to staff is a headache that no one wants to deal with.
Outsourced payroll services actually offer a much better solution to UK businesses and are worth considering. But when is it time to really think about outsourcing this key task? If you are experiencing any of the below, then it may be time to take action.
Complaints From Staff
There is no doubt that you will soon hear from staff if their pay is late or incorrect. If this happens more than once, you could be facing real disharmony in your ranks. It is normally time to use HR payroll outsourcing solutions if you find yourself getting complaints about this frequently. If staff are motivated enough to complain to you or voice their disapproval, it is a clear sign that your current system is not working.
Increased Training Costs
If you are starting to spend more and more on training staff to deal with payroll or compliance issues, then it is time to take notice. Some ongoing staff training is always wise, but it should not become a burden on your overall budget or outstrip the value you get back from it. Outsourcing your payroll removes this stress on your finances as there will be no future training costs to cover.
It's Taking Too Much Time To Deal With
If you take on responsibility for managing your business's payroll but find it taking up all your valuable time, you need to think again. This is also true if staff members are expected to handle it as only part of their role but instead spend all their time on it. This kind of situation can leave you with no time to complete other essential daily jobs and harm your business overall.
Business Growth Into New Locations
Ideally, you will aim to grow your UK business steadily and perhaps open in new locations or markets. However, handling payroll internally afterward a big step like this can be very tricky. This is especially true if you open a new office or store internationally where regulations may be totally different. If you find this to be the case, that is a classic sign of needing to outsource your payroll to experts.
Let eSlip Help
Here at eSlip, we are market leaders in professional outsourced payroll services. Our fully trained and experienced staff can take away the stress and hassle of running your own payroll. This leaves you and your staff free to focus on what you do best and have time to spend on important core tasks. Call today on 01279 851000 for more details on our accurate, professional outsourced payroll solution.