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Why you should outsource a payroll assistant thru StaffWiz

Managing the payroll of many employees – even for small businesses – can be challenging for companies without a dedicated payroll department.

In such situations, the company’s human resources (HR) department often takes on payroll management responsibilities in addition to the core HR functions.

While it may not seem like a bad idea to let HR staff handle payroll processes, doing so often becomes a hindrance to their core responsibilities.

However, the alternative – creating a standalone payroll department – can be too expensive to consider for small and startup businesses.

Fortunately, outsourcing firms like StaffWiz offer the services of a dedicated payroll assistant to other businesses at competitive rates.

What is a payroll assistant?

As can be gleaned from the job title, payroll assistants are responsible for managing a company’s payroll and other related processes.

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Their core responsibilities may include:

  • salary computation
  • managing benefits and compensation
  • payroll data balancing and reconciliation
  • payroll check delivery
  • tax compliance
  • maintaining and verifying payroll data
  • depositing and reporting taxes
  • creating salary reports

Some payroll assistant functions overlap with HR responsibilities, such as salary increases and bonuses.

There are also instances where a payroll assistant has to coordinate with HR staff. Examples are salary deductions from absences, tardiness, or when processing severance pays and similar compensations.

What is a payroll assistant?

How do businesses benefit from outsourcing a payroll assistant?

Outsourcing payroll assistant services from offshore service providers gain businesses plenty of benefits.

The following are just a few of those:

Reduced operating expenses

Outsourced payroll assistants’ salaries – particularly from offshore firms in the Philippines, such as StaffWiz – can be as much as 70% lower than their US counterparts.

Offshoring payroll assistant services also lets businesses save on other potential expenses like equipment, software, and additional office space costs.

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Access to professionals

Outsourcing firms go the extra mile to ensure the talents they provide to other businesses are top-notch.

In addition to having extensive experience performing payroll-related functions, payroll assistants undergo rigorous training and upskilling activities.

Aside from gaining the services of ready-to-go payroll assistants, businesses also save on the costs they would’ve incurred from training payroll staff hired in-house.

Working with these experts also significantly reduces the chances of payroll mishaps.

Access to premium technology

Another advantage businesses gain by outsourcing payroll staff is access to the premium software used in payroll processes.

These tools include software with powerful functionalities, such as

  • tax filing and tracking (at local, state, and federal levels)
  • paid leaves tracking
  • report creation
  • payroll running
  • integration with other software/systems

These leading-edge technologies are often already bought by outsourcing firms, further adding to other businesses’ cost savings.

Improved in-house productivity

Delegating payroll responsibilities to outsourced staff lets other businesses’ in-house staff focus on the core aspects of their jobs.

This is especially true for small businesses whose HR staff are also responsible for payroll processes.

Freeing these overburdened HR staff from payroll duties will increase their productivity as they can focus on more critical tasks.

How do businesses benefit from outsourcing a payroll assistant?

Why StaffWiz is the best provider of outsourced payroll assistants

StaffWiz’s mission is to help businesses expand and grow by providing reliable and flexible solutions at competitive rates.

As such, StaffWiz is the perfect place to look for when outsourcing payroll assistant services.

StaffWiz’s cadre of well-trained and highly skilled virtual assistants are more than capable of taking on payroll management tasks for your company.

With this leading outsourcing firm’s innovative recruitment method, you’re guaranteed to find the perfect match for your business’s payroll needs.

Book your payroll assistant from StaffWiz now!

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About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

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Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 3,000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.