Benefits of Outsourcing your payroll
- Time Saving:
Management spends valuable time overseeing payroll personnel and performing payroll checks on payroll data at month end. Customizing, Implementing and maintaining payroll software can be time consuming and does not always meet your unique requirements. Time away from the office spent on training on latest industry trends and legislation can be cumbersome especially if it is closer to pay date. - Cost savings:
There are the ongoing stationery, administration, annual software costs and licensing fees. Training costs are incurred to keep Payroll personnel up to date on constant legislative changes. Backup Staff would need to be trained should the payroll administrator go on leave or is off ill. - Confidentiality and Complete Security:
With Outsourcing your payroll, you are guaranteed that your sensitive payroll information is not easily accessible to other employees. Daily backups of the payroll software are made and can be easily restored. m Cubed Payroll minimizes the risk of your payroll data being lost or your software being corrupted. - Constant Legislative Changes:
m Cubed Payroll staff are constantly trained and updated on new and changed legislation. We minimise the risk of your payroll not being updated immediately with legislative changes. - Complete administration of all third party payments:
How often have you short paid or underpaid on a garnishee order, UIF, Skills or PAYE. We administer all third party payments eliminating interest or penalty costs.
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