Running payroll in-house - do the costs warrant outsourcing?

摘要

Many companies fail to adequately prepare for the burden of payroll and HR expenses due to an unrealistic underestimate of the actual costs. Payroll, in general, is considered a fixed cost to a business and easily forgotten. While the most obvious payroll expenses, such as processing staff and their salaries as well as technology acquisition, are identified, the hidden and indirect costs can make up a significant portion of the total operating expenditure. This is enhanced further if you had multi-country operations requiring local regional expertise.