Along with large companies the public sector, such as councils and police authorities, hospitals have been looking at ways to save money over the last decade.
The public sector has a duty to spend the money they receive from the tax payer wisely and was for years ridiculed for the amount they wasted. One of the major ways in which they have saved money in recent years is by outsourcing work that they would formerly have carried out in-house such as payroll services, and the transactional aspects of HR like contracts and such like.
As a result many companies offering payroll services for large companies, which is what a council is in effect, emerged. However, while they are effective for large enterprises the cost of using their services, together with the way they require their clients to work with them, has meant that outsourcing to a payroll company has not been practical for small to medium sized businesses. Or at least that was the case until recently when some companies offering payroll solutions began to set up specific arms to deal with the very different needs of smaller companies. At Moorepay we can offer our services to SMEs at an affordable cost and tailor them to the needs of a small or medium sized business.
By outsourcing payroll services, the benefit to the purchasing company can be a reduction of staff and therefore overheads, keeping abreast of all the changes in the laws on tax, for example, and being able to concentrate their efforts on realising the potential of their business.
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