Payroll Service Providers, Inc. (PSPI) has been in the business of handling clients’ payroll outsourcing requirements, customizing HR information and payroll systems for over twenty (20) years now.
Today, we are one of the leading payroll outsourcing providers and payroll software developers with a solid track record for flexibility, efficiency and accuracy servicing clients across various industries.
Our combined HR and IT experiences are extensive. We have a team of US-trained IT professionals and seasoned HR practitioners who lend their expertise to clients specifically for their payroll and HR needs. Being demanding users ourselves, we are always a step ahead by keeping abreast of changes to relevant government regulations, advising you of these anticipated amendments while ensuring that our system remains capable of efficiently and accurately accommodating your increasing demands.
As systems developers, we are also in a position to offer clients time and attendance systems which are integral to an efficient and accurate payroll.
Our system is a result of many years of experience in developing and working with HR information and payroll systems. It was designed to be user-friendly, flexible in its ability to accommodate a single company’s multi pay rules, multi pay currencies and even multi employee locations without compromising on efficiency and accuracy, and with the capabilities that would allow HR/Finance to further improve its payroll service to employees with less work. Precisely, it is all these that gives us the distinct advantage over our competitors.
Ask yourself the following questions.
If you can’t answer yes to all of them, you will probably want to consider using an outsourced payroll service provider:
Can you handle the calculations and details of your payroll with complete confidence that it is precise, timely, and accurate?
Is your staff burdened with calculations and details of your payroll including time and attendance monitoring? Do you often incur overtime costs especially as payroll date approaches?
Do you have members of your staff who are become overpaid to deliver repetitive payroll tasks?
Does your staff need to re-encode payroll and time and attendance data for purposes of populating another software application such as your HRIS or Accounting system?
Do you understand all of the details related to filing your payroll taxes as a company and for each of your employees?
Do you and your staff remain current with tax and other government laws relating to payroll?
Do you have an automated payment system or a system in place that will issue payments effectively and on schedule?
Do you have the time and staff to verify the accuracy of all your payroll as well as time and attendance operations?
Are you vulnerable or subject to your payroll staff’s frequent absences, high turnover or to work stoppage or suspension?
Is your pay data secure from risk of exposure to unauthorized personnel, payroll file loses due virus attack or hardware failure?
The payroll method that’s right for you depends, to a degree, on the complexity of your payroll and the actual time and resources it takes to prepare it.
Here are some key factors employers should consider:
Training personnel to perform payroll-related responsibilities
Researching changes in tax rules and other government-mandated contributions
Use of personnel for payroll versus other business tasks
Calculations for government mandated contributions and taxes
Gathering payroll-related information
Wage and hour calculations
Calculating and tracking ongoing employee liabilities
Tracking loans, leave availments, other deductions
Posting payroll data to general ledger
Time and attendance monitoring issues
Employers using an in-house payroll software program should consider:
Cost of the software
Use of personnel for payroll versus other business tasks
Cost to train personnel to use the software
Vulnerability to absences and high turnover among the payroll staff, work stoppage or suspension
Cost to purchase software updates
Cost of hardware (less depreciation) and related
Maintenance costs, if using a dedicated or shared payroll computer system