Outsourcing payroll viable option for most

Benefits include cost savings, improved quality, simplified process
By Rob Sterling
|Canadian HR Reporter|Last Updated: 09/10/2012

In streamlining operations, one popular approach is outsourcing non-revenue-generating practices, such as payroll processing.

In this scenario, the in-house payroll or HR professional is responsible for inputting and managing payroll information in the service provider’s system. The provider calculates and pays remittances due to the government or other third parties, pays employees via the chosen method (cheque or direct deposit) and provides reporting capabilities.

Three key advantages to outsourcing payroll processing are: