- Salary payments
- Tax withholding
- Deductions from a paycheck
- Make sure you have a clear idea of the functions you want to outsource. What’s most important to the company? Try to find a service provider that offers end to end solutions and yet allows to customize the package according to the company’s requirements at that particular point of time.
- Check the company’s previous and recent work history. Make sure that the company has similar experience to your project. Also find out their user feedback from other clients if possible. Experience and expertise do not come hand in hand. Different projects need different team size with a mix of experience.
- It is important to determine how you will be charged for the work that an outsourced payroll provider performs for your business. Do they charge a fee for each pay processed? Do they tailor their services and prices dependent on the work performed? Or do they just offer packaged deals?
- When selecting the provider make sure you see the product in action. That may be as simple as getting them to run through a demo payroll run so you can get a feel for the capabilities of their product and experience of their team.
- Have realistic expectations about what your provider can bring to the table. Don’t risk quality of service by simply going with the cheapest provider. Allow time for any unforeseen changes from management.