When it comes to managing a business, one of the most important operational duties is ensuring accurate payroll processing.
It can be a time-consuming and somewhat complex process for those tasked with it, and outsourcing payroll is one way of alleviating that burden for businesses.
Here I’ll take you through what outsourcing payroll entails and the pros and cons of this approach.
What Is Payroll Outsourcing?
Payroll outsourcing is the act of hiring an external agency to handle all the payroll operations of a company. This includes processing wages, tax withholdings, and ensuring compliance with various labor and tax laws.
