05 September 2006

7 Important Tips to Consider When Choosing a Payroll Service

When you are in the process of choosing a payroll service, make sure you assess the needs of your business, consider hiring someone you know, search for possible payroll companies, compare rates and services, contact customer support for each company, consider the feedback of customers, and try a sample payroll.

Payrolling is something that is now outsourced frequently.  It involves hiring an external firm to provide payroll services for a company for the purpose of saving time as well as achieving other cost-saving benefits. Consider following these tips when choosing a payroll for your business in Sacramento payroll services:

Determine the demands of your company

Before you start looking for a payrolling company to hire, make sure you have a proper assessment of your business needs. Consider how many employees you presently have and whether you are planning to expand your workforce anytime in the future. This will allow you to determine if payrolling is feasible for your company, and also what services you should look for in a payrolling company.

Consider employing someone you are familiar with

If your business does not have payroll expertise in house, consider retaining an independent contractor. It would make more sense financially for your company to obtain someone to do your payroll for you rather than contracting with a major company. Consider a family member, an employee or a bookkeeper who is familiar with payroll.

Search for possible payroll companies

You may have to look into more than one payroll service provider in order to find the best one to hire for your business. List about 3 or 5 payroll companies to compare. You can find these by checking out relevant listings on the Internet, asking for referrals from fellow business owners, or even asking your own accountant.

Compare prices for the various services

Once you have a list of companies, list the services that they offer as well as the corresponding prices. Creating a chart is a simple, very visual way to compare the positives and negatives of each service provider.

Talk to the customer support center for each of the companies

You can try to find out as much as you can about a payrolling company by asking their customer service representatives directly. If they have guarantees for their services fees, how long these fees are guaranteed and how quickly they are able to rerun through payroll checks that have discrepancies are the important questions you should ask. To protect your interests, asking questions is essential when contracting with a service provider.

The feedback that your customers provide should be considered

It as absolutely crucial for you to pick a reliable service that you can fully depend on. The best way to find out about the quality of their work and output is to review the feedback of previous customers. Read reviews of the company online and view their website to see the comments of their previous clients. Happy and satisfied clients indicate a positive performance from the company.

Try a sample payroll

Several businesses may offer trial payrolls to new clients. Register for the services they offer Alternately, you can pay a minimum amount for a short cycle to see how the service fares.

Because of the nature of the work involved in payrolling, it is important that you take time to evaluate your options so you can select the best service provider for your business.

No comments:

Post a Comment