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.
This site uses Akismet to reduce spam. Learn how your comment data is processed.