Most frequent questions and answers
It is certainly NOT more expensive to hire out your payroll processing. When you consider the cost of an employee’s wages and add in benefits that can really add up quickly. Even If you are the owner of a small company and you are trying to do payroll yourself, the cost of your time is even greater. If you outsource your payroll you also don’t have to worry about your payroll processing company calling in sick or wanting to take a vacation or wanting to request a possible maternity leave that you have to pay for. There’s also the matter of confidentiality when it comes to payroll. If an employee wants to “share” how much a fellow employee is making that can cause extreme drama in the workplace.
You can do everything that a payroll service does but there’s a reason they do it as a profession. Changes in payroll are happening ALL the time like never before in the history of payroll. You, as a business owner or Executive, have to devote the time to keep up on the changes in addition to processing payroll, paying the payroll taxes timely, paying social insurance timely and processing required formalities by government. Wouldn’t your time be better spent on growing your business?
Payroll information should be extremely secure and that is exactly why Roots is very keen to keep all the work as paperless as possible and to keep very secure digital data with more than one storage tool to keep it as much secure and safe as possible.
1- Time, first and foremost it takes time to keep up with all of the workforce changes which requires regular changes in the payroll and that doesn’t include the payroll tax requirements and changes.
2-Money, the cost to outsource to a service should not even come close to the cost of hiring dedicated employee or even whole department to do the same job.
3-Accuracy, when you choose Roots as your payroll service provider, you should have peace of mind in knowing that your payroll is being done accurately and professionally, so you can avoid penalties and interest caused by any mistakes done in the payroll by internal human errors.