Showing posts with label Outsourcing. Show all posts
Showing posts with label Outsourcing. Show all posts

Monday, July 28, 2014

Payroll Processing Risks

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.