Why is payroll outsourcing important?
Payroll outsourcing is when a specialist company like ADP manages your payroll.It’s important to choose the right provider so they can ensure every employee is paid securely each month, as well as on time and accurately. Outsourcing payroll can minimise your business risk by keeping you compliant with ever-changing regulations, including GDPR. Your payroll will operate seamlessly, no matter how many people you employ worldwide.
Outsourcing your payroll eliminates the cost and manual errors of in-house payroll, helping your business to avoid penalties over tax compliance. By outsourcing, you benefit from the additional skills of specialists in payroll, while avoiding the extra costs of hiring an in-house team. Quite simply, outsourcing payroll saves your company a lot of time, money and worry.
Imagine running payroll in just a few clicks — anytime, anywhere, on any device. Your taxes and retirement contributions are calculated and deducted automatically. Plus, we’ll make sure your quarterly and annual reporting are all done for you.
Outsourcing your payroll to ADP means there’s no need to:
When considering whether or not to outsource your payroll to a provider, make sure you ask them the following questions:
Do your research, and if you’re dissatisfied with the answers to the questions above, the right provider will be happy to help.
Unburdening your HR teams from manual payroll makes their work much more rewarding. Now they can focus on strategic objectives and react in an agile manner as events arise.
It’s vital that payroll is right, but it’s becoming more complex and time-consuming. By outsourcing payroll, your HR teams can:.
Other benefits of outsourcing payroll include:
You need to outsource payroll when you:
If you don’t have HR, finance or admin staff already in place, outsourcing payroll to payroll experts could be the right option. Any shape and size of businesses in all industries can benefit from outsourcing payroll. It’s especially helpful if your business:
If you decide to outsource your payroll to a provider, there are many functions they fulfil, including:
If you’re interested in outsourcing your company’s payroll to a trusted provider, make sure you do your research. A professional and reputable outsourced provider will take away the complexity, time and cost of handling payroll inhouse – and the risk of penalties for not meeting compliance deadlines.
Equally, though, an unreliable provider could risk the security and confidentiality of your employee data, so always grill a potential provider about their data security and whether they use software as a matter of course. Other key questions to ask a potential payroll provider include:
If you decide to use ADP as your provider, you can customise the payroll services you outsource, choosing either to partially retain control of some aspects, or to opt for fully managed.
When outsourcing something as crucial as payroll to a partner, you need to know you’re in safe hands.From small-business requirements to global payroll needs, at ADP we have over 70 years’ payroll experience. We also have a history of innovation. We were the first payroll company to deliver automation, move to the cloud, develop a mobile app and create an online marketplace.
Since 1949 we’ve been a trusted partner that people can count on. Our customers stay with us on average for 11 years. We now manage payroll for over 920,000 clients worldwide, across all industry sectors.
Both Gartner and Nelson Hall have identified us as a leader in payroll business process outsourcing services, and we are ranked #1 in in the Security Magazine's 2016 Security 500 in the Business Category.
ADP managed payroll services help you:
* From Fortune. ©2021 Fortune Media IP Limited. All rights reserved. Used under license.
Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, ADP, Inc.
First, decide what form of outsourced payroll solution your business needs. You may opt for our Payroll Processing to keep some control over payroll or let us take care of your payroll and human resource information system (HRIS) with Payroll Managed Services. If you need access to experts, choose our Payroll Comprehensive Outsourcing Services. Check how many years of payroll experience the provider has - and their accreditations. With over 70 years’ payroll experience ADP manages payroll for over 920,000 clients.
If you opt for ADP Payroll Managed Services, ADP will manage third-party payment, HMRC reporting including Electronic Data Interchange (EDI) and Real Time Information (RTI) data, statutory forms, and fixed and variable payroll data. With ADP Payroll Processing Services, you can choose which services to manage yourselves and which to hand over to ADP.
Your employees’ information is transferred to the payroll outsourcing provider of your choice, including data such as hire dates, job titles and pay information.
If you decide to outsource your payroll to ADP, we’ll help you align payroll and HR services with the needs of your business. By streamlining payroll functions and enabling the sharing of data, we improve expertise and collaboration across teams. ADP has thousands of payroll and HR experts available to advise on the implications of any changes. Plus, our cloud-based software eliminates manual errors, increasing productivity and releasing cost efficiencies.
Payroll outsourcing by ADP is scalable, modular, flexible, and offers three different forms of service. Still want to control your own payroll but would like some help? Benefit from our unique payroll knowledge with our Payroll Processing Services. If you prefer to hand everything over, choose ADP Payroll Comprehensive Outsourcing Services. Meanwhile, ADP Payroll Managed Services take on your payroll while giving you flexibility.