What Do Payroll Processing Services Include?

What Do Payroll Processing Services Include?
Alison Clynes
Written by Alison Clynes
Saturday, 24 April 2010 11:15

There are many tasks and responsibilities that can be outsourced to payroll processing services. We offer fully comprehensive, managed solutions. Let's start by considering what absolutely has to be included in payroll processing services and go from there.

Obviously, your staff need to be paid. The money needs to go from your business payroll account to their individual and chosen bank accounts - the correct amount at the correct time. Figuring out the correct amount might not be trivial for you or the payroll processing service provider to work out. From the baseline monthly wage for each individual worker, you need to account for sick days in accordance with a set sick pay policy, PAYE taxes, unpaid leave days, overtime, weekend, after hours and double time if they apply, and depending on how your business operates, account for bank holidays and other special days. Some businesses also give bonuses, which need to be added to the monthly wage and the changes in PAYE accounted for.

Payroll processing services can also help you figure out and meet your legal responsibilities to part time, full time, and casual staff. Those might include minimum wage considerations, maternity leave, and what you owe to which workers. New staff and those who are leaving the company also require special consideration.

Payslips need to be generated, and our payroll processing service can also help with that. We can create and print custom payslips sealed for confidentiality. All you will have to do is hand them out. We can take care of everything else.

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