The pace of change is accelerating like never before, and organizations need to be highly agile and strategic. Paying your people accurately, on time, and in line with ever-changing requirements is essential, but it also takes considerable time and resources. Outsourcing payroll to a trusted partner can drive real value by allowing organizations more time to focus on solving challenges and meeting their goals.
It’s challenging to stay on top of changing legislation and taxation rules. Payroll outsourcing services can help. With the right payroll outsourcing provider, you can maintain high levels of security and privacy, while helping your organization manage changing requirements and reduce risk.
Running payroll efficiently involves a lot of moving parts. You need to hire the right people with the right skills, invest in extensive and ongoing training, and have a plan to ensure business continuity at all times. Outsourcing payroll to trusted experts allows you to focus that energy – and budget – on your business goals, while keeping your valued team members paid accurately and on time.
As the world continues to change rapidly, so do the needs of your business. Whether your organization is in a growth phase or your business model is evolving, change will impact your payroll function. Outsourcing gives you access to the right expertise to handle spikes in demand, support restructuring, or undergo a merger or acquisition.
Payroll outsourcing partners combine decades of expertise with technology to provide a complete view of your data. Gain access to the talent and resources you need to process your payroll, address employee requests, and execute year-end activities.
Outsourcing payroll can help minimize your IT infrastructure by reducing the number of interfaces, credentials, and security measures to maintain. A payroll outsourcing partner using a single application can help you consolidate your systems and provides a single source of truth for your data.
Ceridian's payroll experts bring repeatability and reliability to your payroll outsourcing processes. They apply standardized processes, best practices, and quality controls tested across hundreds of customers and use cases.
When you outsource payroll for your organization, professionally trained experts will partner with you to handle part of the payroll process on your behalf.
After you’ve set up your payroll, these experts function as an extension of your business and take care of your payroll processing, including the calculation of taxes and deductions, meeting government remittance deadlines, preparing your payroll for year-end, and addressing pay-related employee inquiries.
From the employer’s end, you’ll need to ensure that accurate employee information and hours worked are submitted. Prior to processing, you’ll also have an opportunity to review your payroll expense for the pay period and see reports that give you insight and visibility into your labour spend.
There are various factors for organizations to consider when deciding whether or not to outsource payroll. Here are a few considerations:
For more information to help you determine if outsourcing payroll is right for your organization, read our blog Outsourcing payroll: Supporting business continuity and reducing risk exposure.
The goal of outsourcing payroll is to ensure your people are paid accurately, and on time, while reducing the amount of effort and resources required of your organization. That being said, it’s also important to ensure you have full visibility into your payroll.
When you’re evaluating payroll vendors, here are some things to consider and ask:
Organizations should look for a payroll provider that combines deep functional expertise with innovative technology to provide complete visibility into your payroll data and reporting. That provider should also share best practices and guidance tailored to your needs and goals.
Learn more about Ceridian’s Managed Services.
Discover how Ceridian’s Managed Services can help you manage your payroll so your organization can focus on the future.
Already a customer and need support? Click here.