How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?
Businesses save money by outsourcing payroll, but exactly how? The obvious answer is that outsourcing fees are less than the cost of paying in-house payroll staff member salaries and benefits. But there are other savings created by outsourcing that are less obvious. While it’s true that hiring fewer payroll staff members keeps individual salary budgets in check, an indirect result of this is also beneficial: keeping the company size classification in check. The federal healthcare law requires employers with 50 or more full-time workers to provide healthcare insurance to employees by 2014 or pay a penalty. So what if a [...]