How much does administering human resource and payroll activities internally actually cost? Complete this Excel worksheet to calculate the cost of in-house payroll processing in your organization.

 Inhouse_Payroll_Cost_Analysis_Worksheet.xls (44 Kb)

How much does administering human resource and payroll activities internally actually cost? Ceridian now has a cost analysis tool to help answer that question. Based on the processes your organization has in place and industry standards from SHRM, APA, IHRIM, Information Week, and InfoWorld, Ceridian can help identify hard and soft dollar costs in any of these areas:

• Payroll
• Time and Labor Management
• Human Resources Administration
• Health and Productivity Services

Your cost analysis will identify areas for improvement in cost containment and help you build a business case for automating or offloading the costly processes.

"If an activity is not a core competency or a competitive distinction, it needs to be transferred to a third-party expert."
Business Week

What are the strategic benefits of outsourcing payroll and other human resource functions?

The Cedar 2004 Workforce Technologies Survey found that 80% of companies report that Web-based initiatives are now enabling HR to service their organizations more strategically. Companies report that Web-based technology enables them to refocus their time on:

• Process improvement projects
• Employee Development
• Assuming advisory roles to the business units to help managers with performance issues and workforce planning
• Developing performance statistics for improved decision making and organizational effectiveness