Cost-efficient Payroll Services For Companies

Cost-efficient payroll services for companies help them ensure affordable management of paycheck distribution and other related responsibilities

. These solutions are aimed at relieving companies of HR management responsibilities which will be managed totally by the PEO or the professional employer organization. The PEO is a comprehensive HR solutions provider and your workforce is in good hands when it is entrusted to a PEO.

Cost-efficient payroll services for companies enable organizations of all sizes to benefit from these solutions, as they are adapted to their unique needs and structure. These services include:

.Paychecks and stubs (electronic scanning included)

.Direct deposit to multiple bank accounts

.Payroll delivery (Local would be personal)

.Payroll checks drawn on Kruse account

.Section 125 pre-tax administration

.Payroll deductions, garnishments and levies

.Flexible spending accounts

.Federal and State payroll tax deposits and returns

.FICA, FIT & SIT tax withholdings

.Customized reports

.Job cost accounting reports

.Cost allocation reports

.Filing of quarterly reports - FICA, FUTA, SUTA

.New hire reporting

.Federal payroll summaries

.Production and delivery of W-2s

.Wage/hour law compliance

.Management of paid leave program (if applicable)

.Comprehensive payroll deductions

.Vacation & sick time accruals

.Department summary

.Multiple worksites

Payroll administration is one of the many cost-effective solutions offered by a PEO, the others consisting of benefits administration, risk management, training and recruitment of staff, liability management, regulatory and government compliance and immigration compliance.

Cost-efficient payroll services for companies will help keep their workforce satisfied and motivated for better performance.

by: Christopher Walton

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