subject: Cost-efficient Payroll Services For Companies [print this page] 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.
