subject: Outsource Your Payroll Processing Services [print this page] Outsource Your Payroll Processing Services
It makes sense to outsource your payroll processing services if you value your employees but are still looking to save resources, costs and manpower. Human Resource outsourcing is being increasingly sought after by companies, be they large Fortune 500 concerns or small organizations. Focusing on your core processes is always the right way ahead, as it helps cut costs and attain greater sustainability and thereby profitability. Payroll processing is one of the solutions offered by a PEO (Professional Employer Organization) as part of its HR outsourcing solutions.
When you outsource your payroll processing services to a PEO, you can not only ensure that your employees are paid properly but also that all associated chores including the extensive accounting, tax calculation and legal parameters are taken care of. The PEO also suggests the right solutions for companies to adopt and works in a successful partnership with the client company.
The payroll services offered by a company generally include administration of paychecks and stubs, direct deposit to multiple bank accounts, payroll delivery, payroll checks drawn on the PEO's account, section 125 pre-tax administration, payroll deductions, garnishments and levies, flexible spending accounts, federal and state payroll tax deposits and returns, FICA, FIT and SIT tax withholdings, customized reports including job cost accounting reports and cost allocation reports, filing of FICA, FUTA and SUTA quarterly reports, new hire reporting, federal payroll summaries, W-2 production and delivery, wage/hour law compliance, paid leave program management, comprehensive payroll deductions, vacation and sick time accruals, department summary, and multiple worksites.
Outsource your payroll processing services and experience the right way of running your business by dedicating your attention and resources to your core tasks and leaving human resource management to a PEO.
