Here are five compelling reasons why you should outsource and tips for choosing a provider.
Payroll is a sensitive area. Here are five compelling reasons why you should outsource and tips for choosing a provider.
Payroll tasks, such as ensuring that payroll payments are made on time and in compliance with the law, or that the various official data submissions are accurate, are not part of an organisation's core business. This is why payroll is one of the most common areas of business process outsourcing, but choosing the right provider is crucial.
5+1 reasons why it pays to outsource payroll, regardless of company size or industry:
1. Scalable and flexible service
No need to deal with staff turnover, holidays, absences of payroll administrators.
Are you increasing or decreasing the number of employees? The service provider is flexible to the volume of tasks, always ensuring the high level of professional resources needed to carry out payroll.
NEXONtip: the alpha and omega of outsourced payroll is the service level agreement (SLAS). Specify all tasks, obligations, deadlines and costs. This way, performance will be clear and measurable.
2. Reliable, secure, accurate payroll
Not only the task, the responsibility also lies with the service provider. Correct payroll accounting and the accurate payment of wages is critical to the operation of a business. Under extremely complex and often changing legislation, payroll administrators are effectively a first line tax authority. It is essential for the business of the outsourcing provider to have the highest quality staff with the highest level of knowledge and experience, and to use software that is compliant with the legislation at all times.
NEXONtip: When selecting a service provider, make sure that it has liability insurance to cover any damage resulting from defective performance.
3. Focus on strategic and business HR
A bérszámfejtés komoly erőforrásokat köt le. Ha kiszervezi, több erőforrás fordítható az értéknövelt HR-tevékenységekre, szolgáltatásokra (pl. tehetségmenedzsment, teljesítményértékelés, megtartás). Így a HR szerepe felértékelődik, működése hozzáadott értékként jelenik meg a vezetők és a dolgozók felé is.
NEXONtipp: olyan szolgáltatót válasszon, amelyik önkiszolgáló HR-alkalmazással számos kényelmi funkciót, automatizált, papírmentes HR-ügyintézést is tud biztosítani. Így még inkább tehermentesül a HR és javul a munkavállalói elégedettség.
4. High-quality, audited IT security and operations
The IT background of payroll is of particular importance. The management of personal data, the long-term preservation of the data, the continuous updating of the application and its uninterrupted availability require an IT infrastructure and IT expertise that a significant number of companies do not have.
NEXONtip: one of the most important criteria for choosing a provider should be an IT background audited by an independent expert.
5. Calculable cost
The monthly fee is flexible, based on the actual number of staff invoiced and the tasks defined in the service contract, so it is an accurately predictable cost.
NEXONtip: when comparing the cost of outsourcing versus in-house payroll, consider that you will save not only on payroll administrator salaries and ongoing training, but also on software licensing and tracking fees, IT infrastructure and maintenance costs, and fines for payroll errors.
+1 NEXONtip: choose NEXON as your outsourcing partner!
NEXON's outsourced service provides full payroll, social security, cafeteria, HR and labour administration services to more than 360 clients and nearly 70,000 employees in Budapest and 5 regional service centres.
We prepare almost 1 million payrolls per year for small and large companies from all industries, so we can confidently say that there is no payroll task that we have not encountered before.
Our clients' payroll is handled by dedicated, expert payroll staff or, in the case of a social security payroll office, by a dedicated social security payroll clerk. We also take the burden of social security checks entirely off our partners' shoulders.
The data security of our services and the traceability of the tasks undertaken in the service contract are ensured by our NEXONline communication portal, which is certified by independent experts and fully complies with the GDPR.
Our activities are carried out using our own payroll and HR software, for which we take full responsibility. Our all-inclusive, ad-hoc, one million dollar liability insurance for our clients makes payroll processes risk-free.
And our clients who outsource their payroll don't have to give up on NEXON's innovative HR solutions. We also operate the HR software, which is delivered in the NEXON private cloud to the highest IT security standards.
The convenience features of our HR self-service solution make our service more appealing to employees and managers, enhancing the employee experience: they can access their HR data, attendance sheets, payroll and cafeteria statements at any time via web or mobile apps. With the addition of a digital signature, HR-related certificates and forms can be downloaded at the click of a button.
The fact that one of the world's largest international outsourcing providers has chosen NEXON as its domestic partner is proof of the high quality of our service.
Outsourcing payroll is worthwhile, but it is important to choose the right provider.
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