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Outsourcing Tag

Top Reasons for High Employee Turnover

Posted by Payroll Data Processing in Blog

Employee turnover can directly affect your bottom line. High employee turnover cost companies in time and money. Experts estimate it costs upwards of twice an employee’s salary to find and train a replacement. High turnover can also damage morale among remaining employees. The top reasons for high employee turnover and…

Top Benefits and Drawbacks of Hiring Friends and Family

Posted by Payroll Data Processing in Blog

A crucial aspect of developing any enterprise is a team of great employees. Friends and family are sometimes a good fit for companies. There are many benefits to hire friends and family, but it can easily go wrong quickly with significant consequences. Here are some things to take into consideration…

5 Things to Consider Before Hiring New Employees

Posted by Payroll Data Processing in Blog

Many companies get excited when they see an increase in business and profits. As profits increase, it may be time to add additional staff to handle increases in orders and clients. There are many things to consider before deciding on hiring new employees. The decision to increasing your staff shouldn’t…

Business Reaching Across the Pond and the Brexit Situation

Posted by Payroll Data Processing in Blog

Your business deals may be affected by the latest news following the Brexit situation in England. But that doesn’t mean you should not do business with them altogether. Here’s what you need to know when thinking of expanding your business on an international level. Since Brexit, most finance companies such…

Crowdfunding Startups and Business: State vs. National Laws

Posted by Payroll Data Processing in Blog

The SEC (Securities and Exchange Commission) started writing their own take on crowdfunding for companies in a form of new rulings on what it means for companies who use crowdfunding websites to help with marketing their products or resources to the consumers. Currently there are only thirty states that have…

Why Should Your Company Outsource Payroll?

Posted by Payroll Data Processing in Blog

Many business owners get in over their head with the overwhelming elements of running a business, such as, tax laws and regulations, keeping records of every employee, and fraudulent activities, all of which cost businesses time and money. Business owners don’t always have time to calculate and disperse payroll expenses,…

Benefits of Outsourcing Payroll

Posted by Payroll Data Processing in Blog

While running a business can be full of aspects entrepreneurs love there are some aspects that aren’t much fun at all. One of these tasks a business owner could do without is running a payroll every two weeks. From keeping track of employee hours, making sure they get paid on…

How Exactly Does Payroll Outsourcing Work?

Posted by Payroll Data Processing in Blog

Payroll outsourcing is the process of shifting all the functions of payroll processing; collecting hours worked, computing employee tax information, and transferring funds to various accounts; to a third party. This is incredibly helpful for small companies who are unable to delegate time strictly to all of these HR and…

Things to Think About When Outsourcing

Posted by Payroll Data Processing in Blog

When deciding whether or not outsourcing would be an option for you, there are many things to take into consideration. This includes lower operating costs, greater flexibility, increased quality, and saving money. If this is something you’re looking for, then outsourcing is for you! Companies who have a very busy…

Make Outsourcing Work for You

Posted by Payroll Data Processing in Blog

In today’s economy, many organizations seek cost effective solutions to perform business functions. The lure of reducing overhead costs and leveraging specialized human capital and technological resources has many organizations considering outsourcing. A critical question then becomes- when is it the right time to outsource business functions? Simply put, outsourcing…