PPT-Can Outsourcing Payroll Really Save Money For Your Business?

Contrary to what some nonbusiness minds may tell you when put in place effectively outsourcing payroll can be a fantastic way of cutting costs and giving a business an even better return on their investment Read on to know more. Using the proprietary and industry leading Tholons Location Assessment Framework Tholons has identified the Top 10 Emerged Top 50 Emerging and 40 Aspiring outsourcing locations around the world through the implementation of primary and secondary res Mervi Slade. Payroll Giving Manager. How does Payroll Giving work for us?. Save the Children has . appx. . 9,000 PG supporters. Annual income £1M. Working with all the main PFOs (Hands on Helping, Payroll Giving in Action, sharing the Caring, Workplace Giving UK). Shall I/ Shan’t I?. Rachel Flanagan. Flanagan Shaw Recruitment. What are we covering today?. www.flanaganshaw.co.uk. Definition of outsourcing. Why outsource?. Outsource what?. What not to outsource. About Microsoft. Formed in 1975; IPO in 1986. Global annual revenue of US $62 billion . Nearly 90,000 employees in 105 countries. Develops, manufactures, licenses, supports a wide range of software products for computing devices. WALT. What is outsourcing?. Scope of outsourcing. Need for outsourcing. Concerns over outsourcing. What is Outsourcing. Outsourcing is the act of one company contracting with another company to provide services that might otherwise be performed by in-house employees. Objectives. Calculate gross payroll using multiple methods. List and compute withholdings. Compute net pay. Prepare payroll register. Explain distribution methods. Record payroll transactions in the general journal. Employees who arrive late, take longer than permitted for their lunch breaks or slip out of work early, can cost your business dearly, with up to 20 hours of productivity being lost in some cases. So, what can you and your business do to help prevent this and get back all those lost hours? The solution is to make your employees more accountable by implementing an effective time and attendance management system. General Accounting. To record transactions. Prepare financial statements. Cost Accounting. Determine the cost of producing a product or providing a service. Identify areas to control costs. Budget. Project costs and revenues associated with business activities. Naturally, as an employer it’s your responsibility to ensure that your employees are paid accurately and in a timely manner, irrespective of how many workers you have. You must be aware of all laws pertaining to payroll and stay up to date with the myriad changes to these laws that can occur throughout the year. You also need to understand payroll taxes and be sure to file accurately and on time to avoid costly penalties. For most employers, payroll can be a minefield and the sensible solution would seem to be that of hiring a payroll professional to help you get it right. Connect Resouces is a licensed company that operates in the Middle East. We work in the United Arab Emirates, Kuwait, Qatar, Saudi Arabia, Oman, and Bahrain. Visit: https://connectresources.ae/payroll/ The Benefits of Reading Books The Benefits of Reading Books With the period from January to April being an incredibly busy one for accounting professionals, many work longer hours than usual in order to keep up with demand. While this will certainly keep their clients happy, it isn’t good for the accountants work/life balance, and depending upon the extent of their workload and complexity of the requirements, they may find themselves experiencing some degree of burnout. Architectural outsourcing is a process of hiring external firms or professionals like Lynx Professional Service to handle various aspects of architectural projects, rather than relying solely on in-house resources. Architectural outsourcing can include tasks such as drafting, design development, 3D modeling, rendering, and even project management. Outsourcing the architectural work of LynxPros can offer several benefits, including cost savings, access to specialized expertise, increased flexibility, and the ability to meet tight deadlines more efficiently. However, it also requires careful consideration of factors such as communication, quality control, and data security to ensure successful collaboration between the outsourcing partner and the client.