5 Reasons to Outsource your Payroll

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5 Reasons to Outsource your Payroll
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Business owners have a lot to deal with. Those
looking to cut back on time-consuming
administrative tasks should start with
outsourcing payroll functions.
Many companies turn to payroll outsourcing
because it's often cheaper than hiring a
full-time employee to manage payroll in-house,
and the professional support leads to fewer
errors. But those aren't the only reasons.
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Compliance Convenience
The more time you spend worrying about compliance
issues and potential fines, the more
overwhelming your payroll process becomes. Most
payroll outsourcing partners, including HROs, can
help you navigate compliance. If your paychecks
and payroll taxes are being handled with care by
these professionals, the more peace of mind you
will have.
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Reduced Costs
By outsourcing, your business will no longer need
to invest in the tools and personnel needed to
handle your payroll. A reduction in overhead
costs should be a top priority when finding a
payroll vendor. If you outsource payroll with
cost savings in mind, make sure that the savings
are substantial enough to cover the expenses.
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Faster Processing Time
Your employees rely on you for timely and
accurate paycheck processing. If you, or a
member of your team, cannot process payroll
quickly, it may be time to outsource. Payroll
outsourcing partners process direct deposits and
payroll checks without delay. As a result,
employers can rest easy knowing that their staff
will be paid accurately and on time.
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Reduced Work Load

• Payroll administration and reporting can become
  tedious and time-consuming, pulling you or your
  staff away from other key functions.
• If too much of your time is spent on handling
  payroll tasks, it may be time to hand the job
  off so that you can focus on other components of
  the business.

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Access to Payroll Technology
Tired of cycling through endless employee data
and information? Payroll outsourcing
organizations are armed with the latest tech such
as reporting tools, for example, can help you
gain a complete understanding of your employer
tax contributions, overtime accrued, paid time
off (PTO), vacation balances, and more.
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Contact Us!
info_at_synchronyhr.com
www.synchronyhr.com
314-222-5770
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