The Temporary Payroll Continuation Tax Cut of 2011, where employers must implement the 2% point reduction in the Social Security tax withholding rate for two months, is just one example of a payroll task that could be handled quickly and efficiently by an outsourced payroll service provider.
A payroll service provider can actually decrease the cost of outsourcing payroll, while providing accurate, efficient, timely and secure service. Before choosing a payroll service provider, do your homework:
- Ensure the highest level of security. A payroll software application must transmit payroll data easily and efficiently, while ensuring security through advanced encryption technologies and multiple firewalls to prevent unauthorized access.
- Empower your employees. Some payroll service providers offer an innovative Employee Self-service feature which gives employees simple and continual access to their payroll and benefits information. This feature enables them to access their personal information about their employment history, earnings, and performance reviews, as well as make any necessary changes to phone numbers, addresses and emergency contacts. According to recent studies, companies that invest in technology which allows their employees to service a number of their own human resources needs, can save up to 60% on HR transactional costs, and can expect to see a return on their investment (ROI) in less than one year.
- Provide accessible assistance. Not only should a payroll service provide error free payroll, they should also provide exceptional customer service. Are they accessible? Can you reach them immediately by phone or do you have to wait for a return call? Do they only respond via email? The more time you spend trying to get answers, the less satisfield you’ll be.
HR Knowledge Inc. is one of the largest providers of integrated HR, payroll and benefits services on the East Coast and a leading provider of online, state-of-the-art payroll processing solutions.
For more comprehensive guidance on all things HR, contact HR Knowledge, Inc. at Sales@hrknowledge.com or call at 508-339-1300.Button Text.