The return expected from payroll outsourcing includes:
Cost Reduction
The most important factor, evaluated is cost reduction – a major driver for payroll outsourcing services. Experts predict that payroll outsourcing can lead to a cost saving of around 15-20 percent. This cost saving may vary depending upon company’s efficiency level.
HR and Payroll Process Automation
Employers believe that cost reduction is not the only factor; access to new technology in order to automate the payroll & HR functions also drives the key ROI.
Better-Managed Payroll & HR Functions
Employers also believe that payroll services in Dubai services help them to better manage their HR functions, this is due to the team of experts & vertical specialization of the payroll outsourcing services provider.
Reduced Administrative Burden
Some payroll outsourcing service providers facilitate web-based solutions also. These solutions reduce administrative burden by offering employees direct, self-service access to HR/ payroll data warehouse.
High Employee Satisfaction
The benefits associated with payroll outsourcing, translate into high employee satisfaction. This increased level of service is facilitated as a result of security/privacy, control, timing/timeliness, and ability of payroll outsourcing service provider to deal with compliance issues highly effectively & efficiently.
Compensate Lack of Skilled Labor
Many a times, the outsourcing decision is made due to lack of skilled labor. Payroll outsourcing consultants handle all the employer payroll issues as well as tax filings efficiently which in-turn saves money in the form of resources & applied penalties.