Business News Daily recently released an article
about some of the risks of outsourcing your payroll. Though the article might
sound like it’s against outsourcing your payroll, that’s not the case. Indeed, outsourcing payroll processing is a wise decision,
one that can keep your company from getting overwhelmed when it already has so
much on its plate. The truth is, as the article explains, that you just have to
be careful about whom you trust with your payroll.
Some of the risks addressed by the article include:
l Working
with a “fly by night” company that takes your money and info and disappears
l Not
monitoring the actions taken by the company; remember, these actions are done
“on your behalf.” It’s just as if you’d done them yourself
l Working
with a payroll company that doesn’t respect deadlines/timeliness
Fortunately, all of these risks and many others can easily
be avoided by doing a little research and working only with the most reputable
payroll processing companies.
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