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Benefits of outsourcing your Payroll

by admin |
January 21, 2022
| News

One of the services Strategic Recruitment Suriname (SRS SU) offers, is to deliver client payroll solutions, which are mapped according to your own footprint. Our advanced automated system reduces the need for third-party involvement in payroll processing. This in turn allows us to deliver a leaner and more comprehensive approach to managing your payrolls from beginning to end.

One of the many benefits of outsourcing your payroll, is that it saves precious time. It allows employers to concentrate on their core business and frees up the business owner, human resources or accounting personnel to work more on strategic tasks that could ultimately affect your bottom line.

Since SRS SU works with automated payroll through a computerized system, it makes payroll processing simpler, faster and reduces errors, which are more likely to happen with a manual payroll system.

Secondly, outsourcing saves costs. Especially for small/medium sized companies with fewer than 30 employees there’s a very good chance that you can save money by outsourcing your payroll operations. Add up all the hours you are spending in calculating payroll each month, printing, signing and distributing paychecks, computer software and program maintenance, training and support, keeping up with changes in tax rates/laws, preparing and remitting payroll taxes, new hire reporting, generating reports for in-house and accountant use and then compare the costs to the plan offered by Strategic Recruitment Suriname. You’ll probably be surprised by the result.

Salary and wage deductions are a necessary part of payroll processing. The employer must take mandatory withholdings for taxes from employee paychecks. These taxes can be time-consuming to compute manually. With our automated payroll system, the software has the Suriname tax rates hard-coded in the system. It automatically calculates the tax for each employee based on the data input. This reduces the likelihood of payroll tax errors, which can result in fees from the tax authorities.

If you outsource payroll, there’s also the matter of confidentiality when it comes to payroll. If an employee wants to “share” how much a fellow employee is making that can cause extreme drama in the workplace. With the help of our professional payroll services, the hassle and pain often associated with processing payroll is gone. You provide the basic information, and we take care of the rest. And with guarantees of error-free payroll and tax filings and payments, you can eliminate the worry that many experience when it comes to paying employees and taxes correctly and on time.

There’s a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches and hassles, so you can focus on running a profitable business.

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Dr. J. F. Nassylaan #2 Paramaribo, Suriname

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