5 Ways Your Recruitment Agency Should Outsource Its Payroll

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5 Ways Your Recruitment Agency Should Outsource
Its Payroll
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• Smoothen Your Payroll Processes With Pearl Lemon
  Accountant's Payroll Services For Recruitment
  Agencies
• Recruitment agencies are among the most hectic
  places to work. There are even more reasons to
  outsource in a world where many people work
  remotely. Many businesses already use a
  distributed workplace model, so why not add more
  expertise?
• Outsourcing can help businesses in a variety of
  ways. People have outsourced HR, design,
  development work, and management
  responsibilities. Payroll outsourcing services
  are exactly what you need to make everyone in
  accounting feel less stressed.

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• It is time to outsource payroll and work with a
  reputable payroll services provider like Pearl
  Lemon Accountants. Our experts will handle all
  the work related to your payroll function,
  allowing you to focus more on your core
  activities.
• Contact us today to learn more about how we can
  help.

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• Payroll Services A Brief Overview
• Payroll service companies handle all of these
  functions independently for a fee, freeing up the
  business owners time to focus on other matters.
  Once an account is created, the employer gives
  the service information about employees, their
  hours worked, and any discrepancies. This
  information is processed, and funds are
  transferred from the employers bank account to
  the payroll services account. Employees are paid
  by either check or direct deposit. Payroll and
  tax reports are then provided to the employer.

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• Moreover, payroll services automate and simplify
  the payroll process. They are appropriate for
  small and large businesses and hourly, salaried,
  or contract employees. The number of employees
  will determine the type of payroll service you
  choose if you only have one person working in
  your office, simple service is probably all you
  need. However, more complex solutions will likely
  be required to run a large operation with
  multiple departments or locations spread across
  multiple countries.

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• Why Use Payroll Services For Recruitment
  Agencies?
• With the temporary market expanding and adding to
  the payroll burden for a contractor and temporary
  worker, recruitment agencies may want to
  investigate the benefits of outsourcing their
  recruitment payroll to a reputable payroll
  services provider.
• Recruitment agencies can benefit from outsourcing
  their payroll to an external provider in numerous
  ways

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• Increasing Competitiveness
• The industry has always been fiercely
  competitive. According to the RECs industry
  trends report, the recruitment sector grew by 11
  between 2017 and 2018. This has resulted in
  thousands of new recruitment firms entering the
  market, increasing competition among companies
  even further. With more competitors and the
  possibility of an increase in the number of
  employees under your management, in-house payroll
  is becoming an increasing burden.

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• With the competition for talent and the
  difficulty in retaining candidates, the
  efficiency and accuracy of their agency worker
  pay are critical to success. The effects on
  temporary worker retention are impressive when
  efficient and accurate pay is combined with
  additional benefits and a better and more
  streamlined process of pay communication and
  support.
• Focus On Recruitment Core Activities
• Work is a fragmented and complicated world. 85
  of contract placements are for 12 weeks or
  longer. 45 are for six months or more. However,
  36 of temporary assignments are for less than 12
  weeks, while only 20 are for 6 months or more.

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• Its all too common for recruiters to discover
  that nearly every employee on the books has a
  different contract, and keeping track of them all
  can be extremely difficult. Its no surprise that
  more recruitment firms are outsourcing payroll,
  allowing them to focus on finding the next
  placement rather than the complexities of payroll
  management.
• Reduces Administration
• Administration consumes a significant amount of
  time that could be spent on other tasks that
  benefit the business. The weekly fluctuations
  cause an increase in recruitment payroll
  administration, which adds to payroll costs. You
  eliminate this administration level when you
  outsource your payroll because we handle
  everything for you.

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• Recruiters must manage the complex payroll
  requirements of foreign workers.
• Managing foreign workers tax and national
  insurance arrangements can be difficult,
  depending on their home country and the length of
  their stay in the UK. Because of the nature of
  recruitment, the vast majority of foreign workers
  will end up on the books of recruiters, further
  complicating the payroll. Not only that but there
  is still a chance that rules and regulations will
  change again as a result of Brexit. When you
  outsource your payroll, you wont have to worry
  about this.
• Make Fewer Mistakes
• Dealing with payroll can surely be time-consuming
  when everything is handled in-house. Relying on
  an already overworked staff takes time out of
  their day and puts the company at risk of making
  more mistakes.

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• Payroll isnt as simple as pressing a button,
  printing checks, and sending wire transfers.
  Payroll can easily fluctuate from week to week
  due to bonuses, salary adjustments, and
  deductions. One minor change can have serious
  consequences for your employees and your company.
• Working with a payroll outsourcing company can
  help you avoid making some of the most costly
  mistakes. With an experienced payroll team on
  your side and your own internal team, youre much
  less likely to make a costly error.

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• Expert Knowledge
• Keeping up with the latest legislative changes
  and temporary worker employment status can be
  difficult, especially when it comes to
  recruitment payroll. When you outsource your
  recruitment payroll to a payroll management
  company, trained and specialised teams will
  handle worker queries and status to ensure full
  UK compliance.
• Let Our Professionals Handle Your Payroll Burdens
• If you keep payroll in-house, you will bear the
  entire burden. Its not just the cost of hiring
  people to process payroll. It is the cost of
  mistakes and reworks. Its the constant threat of
  fines for noncompliance and the cost of paying
  them when the worst happens.

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• Outsourcing your recruitment payroll does, of
  course, come at a cost. However, for our clients
  here at Pearl Lemon Accountants, the numerous
  benefits of outsourcing make it the simplest of
  decisions. It can simply be too much to handle
  without dedicated payroll expertise. As a result,
  it is far better to entrust such matters to a
  payroll professional.
• Get in touch with us today if you need to learn
  more about our recruitment payroll services or
  simply discuss your payroll requirements.