The Benefits of Outsourcing Payroll in the Era of Covid-19
Is your business struggling with payroll continuity? Here's how outsourcing could help. Despite the strategic business value it offers, organizations rarely commit the same level of technology investment to creating a more efficient payroll and HR processes as they do in other areas such as customer service. The day-to-day challenges that result from this are numerous: from struggling to process payroll accurately with a limited team, to keeping compliant with ever-changing legislation, to managing the unnecessary and sometimes ‘hidden’ costs precipitated by a lack of process automation. The ongoing Covid-19 (coronavirus) pandemic has only served to exacerbate these challenges. In a recent survey of decision makers, Zellis found that nearly a third (30 percent) of organizations have lost capacity in their payroll function. They cited a number of causes, including the extra work required to process payments in accordance with complex emergency measures, problems with ac