What is Payroll Outsourcing?

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Adapting to the digital era is not a task for which all companies are prepared. It is now becoming common for companies to outsource certain processes that are not feasible internally to external providers so that they manage functions.

One such example is payroll outsourcing.

Payroll outsourcing is a service offered by an external entity that provides legal, tax, and accounting support to companies to ensure that employees receive their paychecks on a timely and accurate manner, and with minimal risk.

By allowing an external provider to manage their payroll, companies can simplify legislative compliance and relieve their team from a large administrative burden.

OUTSOURCING THEIR PAYROLL ENABLES COMPANIES TO:
  • Register and control incidents.
  • Calculate, pay, and distribute payroll according to the appropriate frequency (weekly, biweekly, monthly).
  • Calculate benefits, such as vacation time, commissions, or incentives, vacation premiums, severance payments, pre-retirement, or other payments that are not part of the employee’s salary.
  • Simplify regulatory compliance, including data protection legislation.
  • Operate globally and seamlessly manage payroll across national and international locations.

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