Demystifying Hosted Payroll Solutions For Large Companies

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Demystifying Hosted Payroll Solutions For Large Companies

Posted on Wednesday 7th July 2010 at 09:45 by Employer Services

Businesses that have grown to the scale of employing 100 or more staff and become categorised within the large business sector are frequently choosing to outsource their payroll functions to outsourced payroll companies with vast experience and expertise in dealing with sizeable companies.

Once a business has grown to this level, payroll becomes an integral part of the running of the company, not only with the ongoing daily function itself, but also with continuous updates, training and recruitment required for internal HR payroll department.

Whilst many large companies that have reached this level of success and growth might be loathe to hand over their entire payroll function to an external payroll company on a fully managed basis, many are opting for hosted payroll solutions.

This option debunks the myth that outsourced payroll services become overly laborious or complicated if a large business client operates a multi site operation. It provides a large business with an online system at the cutting edge of modern technology with sophisticated security measures for staff access. The payroll services system can be accessed by authorised personnel only from either the same or different sites. This allows various Site Managers to input their own payroll data, which can then be rubber stamped by the relevant Payroll or HR Manager before each pay run.

Variable bonus or commission payments are key to large companies, who incentivise sales staff and reward outstanding performance; these are incorporated in to external payroll services. At Moorepay, we also offer user training, upgrading and maintenance of the system as relevant and there are no additional charges for the amount of sites or users of our payroll services.

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