4 Reasons Why Should You Outsource Your Payroll

Time-Saving

Payroll accounting is a time-consuming process. Firms who do not have a dedicated payroll system will often be hindered when accounting for various payroll factors such as benefit deductions, garnishments, leave management and so on. Our payroll outsourcing services allow employers the ability to focus on core business activities, freeing up resources for a company’s business owner, human resources or accounting personnel to work on more strategic tasks that could ultimately affect a firm’s bottom line.

Cost Reduction

The direct costs associated with payroll services can be greatly reduced with payroll outsourcing services. Unlike start-ups and SME’s, big businesses can afford to maintain robust payroll departments. If your business has fewer than 30 employees, there’s a strong chance that you can save money with payroll outsourcing. To understand the scale of how these services can assist in cost-saving, we recommend examining your payroll software to determine how many labor hours your business is devoting to payroll-related activities and comparing it to the plans offered by several payroll service providers.

Innovation

Our team at FastLane HR are experts when it comes to the use of cloud-based HR systems to enhance a company’s operational efficiency. With the ability to utilize our intuitive HR systems from anywhere in the world, our clients are able to seamlessly manage their numerous cloud solutions such as E-payslip generation and distribution, expense systems and talent management.

Expertise

Most business owners and HR staff don’t have the time to research and study Hong Kong’s constantly developing regulations. By utilizing FastLane HR’s payroll outsourcing solutions, a small business can take advantage of the resources and expertise that was previously available only to big companies.