Outsourced Payroll Management:
Next time you get your paycheck you should seriously consider taking your Payroll Manager out for coffee. Payroll Administration is an extraordinarily complex job.
Here is a sampling of the tasks a Payroll Manager must perform to do her job. In any given pay period, your Payroll Manager must process and issue worker paychecks plus calculate statements of earnings and deductions. She has to keep accurate track of production, absenteeism and other records. She also has to provide information to workers and managers on payroll matters, benefit plans, and collective agreement provisions.
If that weren’t enough your Payroll Manager must keep up with new legislations. This is especially relevant in light of the current economic situation. For instance, the new American Recovery and Reinvestment Act of 2009, effects how much workers need to contribute to their the COBRA medical premiums should they be laid off involuntarily and how much credit the employer can claim to offset the balance. If all this sounds like a lot of mumbo-jumbo to you think of how your poor Payroll Manager must feel! (if you are interested in this particular issue you can check it out on IRS.gov)
A workable alternative to this administrative mire is to employ a professional organization that can take up the administrative duties of a Payroll Manager as well as other Human Resources functions such as Benefits Administration. A Profession Employer Organization (PEO) is an administering firm that becomes the employer of record for the client company. The workers in this instance are leased back to the client firm. This approach not only offers administrative relief for a company executive, it can also minimize liability stemming from Human Resources issues such as Payroll Administration.
Another option is the Administrative Services Organization (ASO) solution. An ASO is capable of doing all the Human Resources activities that a PEO can do but it does not require the administrative company be the employer of record for the workers. The added bonus is that the client firm can pick and choose ala carte Human Resources tasks to outsource such as Payroll or Benefits Administration.
Now that you’re clued in on the intricacies of a Payroll Administrator’s job don’t you think she deserves to be taken out for lunch!
To find out more about Payroll Administration you should check out AstraHR.com, Astra HR, an HR Administration firm.
Take on the administrative burden of payroll processing Provide benefits administration and support Gain access to premium employee deals Leverage cutting-edge technology solution Gain access to industry expert Human Resources expertsprofessionals Implement Human Resources Best Practices Most Administrative Services Outsourcing (ASO)s will have a Human Resource Information System which allows the client company to access up-to-date personnel data instantly.
A flexible, tailored approach to Human Resources administration should combine an integrated, single source technology solution delivering efficiencies across all aspects of Human Resources management. Clients can outsource some or all Human Resources tasks, or simply enhance existing support capabilities. Either way, a PEO or ASO solution provides companies with help from administrative burdens. Both PEO and ASO are good options which enable you to focus on your core business innovations and ultimately your overall success. To find out more about PEOs and ASOs you should check out AgilityHR.com, Astra HR, an HR Administration firm.
Kai Yee, is a writer, educator and a businessman living and working in Washington, DC. He has taught and lectured at in George Washington University and George Mason University. Currently, he is working as a consultant for Astra HR, an HR Administration firm.
