Payroll is one of the most time-consuming tasks HR employees have to contend with. It gets worse if you have a non-HR employee manage payroll.
That’s why many companies choose to outsource their payroll.
But what is payroll outsourcing exactly? What types of services can you get from a payroll service provider? And why should you choose Tawzef?
Read on to find out!
What is outsourcing payroll?
Payroll outsourcing is the process of contracting a third-party provider to handle all or part of a company's payroll processing functions. This third-party is often an HR agency, HR company, or HR consultancy, like Tawzef.
Instead of managing payroll in-house, companies outsource tasks such as calculating salaries, processing taxes, and generating paychecks on behalf of companies.
A type of HR outsourcing, payroll outsourcing involves delegating internal payroll tasks to an HR company. Payroll tasks are considered tedious by many HR professionals.
Why should you consider payroll outsourcing?
Often companies think it’s easier to ‘just do it in-house.’
But here are several reasons why you should consider outsourcing your payroll functions. Doing so means you can
Save time
One of the top reasons to consider outsourcing your payroll is to save precious time for your HR team and other managers.
Improve accuracy
Working with a payroll service provider means you get fewer errors in payroll calculation, employee taxes, and compliance with regulations.
Access to software
Working with an HR agency or consultancy grants your company access to otherwise expensive payroll software.
It helps you and your team members keep track of sick leaves, paid time off (PTO), maternity leaves, and other types of vacations.
Have your HR team focus on employee retention
Besides accuracy and time-saving perks, payroll outsourcing service providers help you keep your HR team focused. Particularly on talent acquisition and employee retention.
Whether it’s offering employee training and development programs and setting relevant training and development KPIs to measure those efforts. Similarly, HR can track their own HR KPIs, including recruitment KPIs, for better work efficiency.
Remain compliant
One of the top reasons companies outsource their payroll to third-party providers is to benefit from those companies’ familiarity with labor laws.
By outsourcing your payroll to a local payroll outsourcing company, like Tawzef, you can rest assured your company is in compliance with local labor laws and regulations. Tawzef will keep you in the loop in the event of any changes in the articles of the labor law.
Gain access to expertise
Working with a payroll outsourcing service provider means getting access to experienced payroll professionals and the latest industry best practices.
Improve core operation management
If you don’t have an HR or payroll specialist, outsourcing your payroll means better use of your employees’ time and more focus on your core operations.
This can translate into improved efficiency for team members and eventually higher sales, as employees don’t need to worry about time-consuming admin work.
Why choose to outsource your payroll with Tawzef
Working with Tawzef as your payroll service provider means getting all the above along with the following benefits.
Flexible solutions
At Tawzef, we tailor our payroll solutions to each company’s needs. Whether you want to outsource payroll for employees hired through Tawzef only or for your entire company, it’s up to you.
You can also get access to payroll software to track employees’ vacation days and ensure everyone gets what they deserve in terms of salary and paid leave.
Payroll or manpower outsourcing services
With Tawzef, you can choose between only outsourcing your payroll or getting more services such as manpower outsourcing solutions.
One of the top reasons companies rely on Tawzef’s manpower outsourcing services is to save time and hassle of recruitment, payroll, and compliance.
Dedicated account manager
Every Tawzef client gets their dedicated account manager, who handles all their needs. Whether you need recruitment services or HR consultancy services, your account manager will ensure a smooth process and service.
Recruitment services
As a recruitment agency, Tawzef offers a host of services under its recruitment umbrella. From simple hiring needs to a full recruitment cycle to mass hiring for various industries.
Tawzef also provides companies that regularly require mass recruitment services with the opportunity to create a bulk recruitment strategy to support their needs and business growth.
HR consultancy services
Finally, Tawzef operates as an HR consultancy company, offering a wide range of consulting services. From performance management to psychometric testing to HR strategy development, among others.
Want to see how Tawzef can help your business? Get in touch to learn more about our payroll outsourcing solutions and other HR services.