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Let your host take the strain
By: Tom Jui
How would you define a large sized enterprise? Well in the UK it generally means a business employing 250 or more, elsewhere typically 500 or more, and the business may be privately owned, a co-operative or state owned. Large enterprises are the seed from which multinationals grow and may already have complex structures and employ staff internationally. If your business is growing from medium sized to large and your workforce is increasing in number, you may wish to consider moving to managed or hosted payroll solutions. Managing HR payroll in-house is a target-driven process and accuracy must be maintained throughout the cycle,[link widoczny dla zalogowanych], otherwise staff relations may suffer and your reputation in the wider world could be at stake. There are legal obligations attached to the management of payroll which include the application of taxes and issue of statutory returns to HMRC, and there are various deductions related to pensions,[link widoczny dla zalogowanych], student loans,[link widoczny dla zalogowanych], GAYE and others that need to be administered timeously and accurately.
In this uncertain economic climate, back office operations are the subject of much discussion in terms of shared services and outsourcing to minimise costs. Transferring HR payroll to an agency is a smart move and will give you the flexibility to grow and change the business without having to consider the impact on back office resources. The percentage cost savings range from 10% up to 30% in some case studies, not to be sniffed at when you need to keep your business in the black and poised to take advantage of opportunities. At Moorepay, the UK's largest provider of HR and payroll solutions, we have vast experience across all levels of enterprise and can offer comprehensive managed payroll services or hosted payroll services designed specifically to your business needs. You could not only make significant cost savings but also have the support and expertise of the leading payroll services provider in managing your back office payroll function.
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