Once you’ve considered the features you might need, gotten quotes, and looked at itemized costs, how do you decide on a provider?

Don’t automatically pick the “cheapest” company.  Low cost payroll services are misleading.  Though they can seem appealing at first, they usually end up costing more in the long run because of hidden fees and charges that only activate after you sign a contract.   When evaluating a lower cost provider, make sure you are especially careful in drafting a service agreement, and enlist the help of an attorney if possible.

Use a reputable company.  Stability is an important quality in a payroll outsourcing company.  A company that has an extensive client list, and has been in business for several years is usually the safest choice.  Most companies take funds on deposit, and then hold them for disbursement to employees.  Choosing a less established firm can be an expensive risk.

Ask lots of questions. Consult several different payroll processing companies to find out what their process is and what types of businesses use their services.  Make sure you ask each provider why you should pick their company over a competitor.  Become familiar with the procedure for “calling in” payroll and the mechanics of setting up an account. Make sure you know how charges associated with the service are incurred, and request a free trial to see how the service works.  

Outsourcing payroll processing is a great way to save money and time, and take advantage of expert knowledge. 

<<Previous |

Pages: 1, 2, 3, 4, 5, 6, 7, 8,