How Does Payroll Outsourcing Work?

What Are Payroll Services?

Payroll is an essential administration duty for every business in the UK, the smooth and accurate payment of your workforce is vital to the growth and success of your business.

For small to medium businesses (SMEs), payroll is often left to the business owner to manage as it is difficult and costly to staff an entire HR department that can work on payroll services. However, payroll should ideally be the responsibility of a trained person or persons who are dedicated to payroll due to its importance.

Payroll responsibilities include:

  • Secure payment of your workforce with GDPR compliant payslips.
  • Management of all tax & NI calculations.
  • Managing all of your employees expenses claims.
  • Ensuring HMRC and RTI submissions are completed on time.
  • Ensuring continual compliance against any legislative changes.

What Are The Benefits Of Outsourcing Your Payroll?

Due to the importance of payroll and its many responsibilities, many SMEs choose to outsource payroll to professional payroll providers that specialise in HR and payroll services. These payroll outsourcing companies, such as HIVE360, are experts offering effective solutions that will give you peace of mind that your employees are being taken care of, so that you can focus on what you do best.

Additionally, outsourcing payroll services rather than hiring internally can be a cost effective solution, you are only paying for the services that you require and are able to keep costs down so that you can invest your money in growing your business.

How HIVE360 Can Help With Your Payroll

At HIVE360 it is our job to make sure that transition process is as easy as possible, we have an efficient transition process that means our payroll services will become a seamless extension of your business. Importantly, your employees will be taken care of with accurate and prompt payment of payslips delivered through our ground breaking Pay & Perks portal. This allows your staff to view their wages as GDPR compliant encrypted digital payslips for the highest level of security.

To find out more about how outsourcing your payroll to HIVE360 can benefit your business and employees then please get in touch using the contact form at the bottom of the page or call us on 0121 661 4851.