Benefits Of School Payroll Outsourcing
Running any type of school is a stressful job, and in most cases, day-in and day-out, everyone seems to be stretched to their limits, finding themselves with not enough hours in the day. It may well be that one of your team manages your payroll in addition to their other tasks; maybe you have a dedicated in-house payroll resource or perhaps you outsource your academy or school payroll? If you outsource already you won’t need us to extol the virtues of that decision with you, but if you’re still struggling with payroll in-house, it might be worth spending a few minutes of your time to explore the benefits of outsourcing.
Outsourced school payroll means that you can relieve yourself and your team of the complexities and pressures that come with processing payroll today. In particular, dealing with RTI has caused particular headaches and frustrations for even the most experienced payroll experts and is one of the main reasons sited for outsourcing.
Here are just a few of the great reasons to outsource your payroll:
Free your team of the pressures of payroll
By passing your payroll responsibilities over to a payroll expert, not only can you rest in confidence that your payroll is being dealt with professionally, but you can free up your internal resources to focus on their core activities. With increasing, and what seems to be ever-changing payroll legislation, choosing Payplus to carry out your school payroll frees yourself and your team of all the compliance pressures.
Clearly identifying the cost of your payroll activities
Often when payroll is dealt with in-house it’s difficult to assess the real cost of the whole operation, particularly if your payroll is spread over two or more members of staff or only takes up a proportion of someone’s job. When it comes to ancillary costs, it’s also sometimes hard to assess the ongoing costs of keeping your software up to date and dealing with unexpected problems. Outsourcing your payroll means that you have a clear and transparent cost of the whole activity, as well as relieving you of the pressures involved in updating technology.
Make sure your payroll is accurate and on time, every time
Making sure your staff get paid the right amount at the right time every time is really important. Your staff rely on getting the right amount of pay, on time, every week or month. They’ve no doubt made financial plans based on this happening. As an employer it’s really important that you don’t let them down. What’s more, accuracy, particularly with RTI is more important than it has ever been. By outsourcing your payroll to Payplus, you need never worry about accuracy or timing ever again.
Gain access to improved management information.
Unless you already have sophisticated payroll systems in place, you could be missing out on valuable management information. At Payplus we can tailor the payroll related management information you obtain to your specific needs, giving you more power to your management elbow.
Risk is an important element of any business and carrying out payroll in-house gives rise to a range of data, payment and security risks. At Payplus we take risk seriously and make sure that your risk is reduced at every opportunity.
If you’d like to find out more about outsourcing your school payroll, why not get in touch? We’d be delighted to discuss the pros and cons with you to help you make the right decision for your school.