Some of the benefits of outsourcing payroll management include the following:
Fast turnaround
Streamlining of all payroll processes
Low-risk of penalties due to non-compliance
Reduced investment in IT infrastructure
Assistance throughout the entire life-cycle of the employee, right from the day of recruitment to exit
Well thought-out resource deployment
Strict adherence to compliance and statutory requirements
Error-free documentation and reports
Solid business intelligence that helps top management with their strategic initiatives
Speedy and efficient resolution of all employee issues