15 Top Payroll Outsourcing Companies and Services in 2024

However, they like that the platform is easy to use, offers guided setup and training and all the basic features most businesses need to manage their payroll and HR needs. In addition, ADP RUN offers all the features you’d expect in a payroll service. It has tiered plans with payroll by direct deposit, a self-service employee platform, new hire onboarding and optional benefits administration for additional fees. More advanced plans include a robust HR platform, including an employee handbook, document management, training programs and employee toolkits. Paychex is a leading payroll service provider known for its comprehensive suite of features.

Frequently Asked Questions

Adding helpful features such as the IT or workflow modules can get pricey. In addition, there may be a lot of features small businesses may not need. Paycor offers a testing account with sandbox data, and I found the system interface to be clean and intuitive to navigate. Through TriNet’s PEO, you can outsource all of your HR and payroll functions or you can choose which functions you want to outsource and which you’d like to keep in-house.

1. By outsourcing your payroll, you can minimize the number of mistakes — and the headaches that come with them.
2. Wherever money is being handled and transferred between two parties, there’s always the risk of fraud.
3. This is especially true if you’re partnering with providers in unfamiliar markets, where there are significant cultural and language differences.
4. They handle all payroll tasks, ensuring that employees are paid accurately and on time.
5. Adding helpful features such as the IT or workflow modules can get pricey.

Examine their customer support

For example, you’ll need to consider local labor laws and calculate salaries in a range of currencies. Their customer service team is readily available to assist with any questions or issues, providing a smooth and hassle-free experience for users. Deluxe has a highly responsive customer support team that provides excellent service. They are available round the clock to answer queries and provide assistance. Payroll outsourcing is where a company hires a third-party payroll program to pay independent contractors and employees rather than paying a full-time payroll professional. Once you have the right people in place, Eddy People is there to help you manage your employees.

I had to first set up people groups within the platform, including their permission levels and other specifications. Some features I wish were better include its automation options, customization options and chat support. There are almost no automation options and you cannot customize the dashboard at all.

For example, if turnover is high, you may have additional expenses tied to hiring, onboarding and offboarding staff. Other times, you can actually do something about it, if you can pinpoint what’s driving everyone out of their office chairs. But TriNet’s bread and butter is the HR services, specifically finding, vetting and onboarding talent for their clients. And in a business ecosystem that’s as temperamental as it is now, having a trusted team to handle the hassle of bringing in new talent is an advantage indeed. However, they report that there are a lot of features to consider when setting up the platform.

To access payroll features in the first two tiers, you have to first purchase the core plan and then pay $6 per employee per the audit committee requirements month more to access the payroll add-on. When I contacted customer support, I was told that this payroll add-on is typically only sold as an add-on and not as a standalone product. There’s no guarantee outsourcing will be cost-effective, but many companies choosing to outsource find it cheaper overall than keeping payroll management fully in-house.

OnPay Payroll Software

However, this can easily lead to inefficiencies and unnecessary staffing costs, and make it difficult to build trustworthy relationships. To make your life significantly easier, you’ll want to use a payroll platform that can integrate seamlessly with your existing HR tech stack. Ideally, there will be an API option, too, so that you can customize your integrations. One of the biggest issues for payroll clients is hidden fees and “sneaky” costs. As well as being dishonest, these costs can wreak havoc with your hiring budget.

If possible, consult with your own in-house security experts (or, if you’re unsure, ask an independent security expert). If your potential payroll provider is unwilling or unable to give you this information, it may be cause for concern. Wherever money is being handled and transferred between two parties, there’s always the risk of fraud. And it’s not just theft — you also need to consider your employees’ sensitive data and ensure you’re complying with local data privacy laws. A reliable payroll partner will provide your employees with self-service portals, which enable them to check their pay stubs, keep an eye on their benefits, and tweak their tax details if applicable. If you’re hiring (or planning to hire) team members in different countries, payroll can get a lot more complex.

Paycor

In addition to payroll, Papaya Global also offers services such as benefits management and workforce management. Their platform supports a wide special educational provision range of currencies and payment methods, accommodating the needs of diverse workforces. Square offers excellent customer support, with a team of experts always ready to assist businesses in managing their payroll effectively. They have a dedicated team of experts who provide timely assistance and ensure that businesses can make the most of their services. Payroll outsourcing companies take over the meticulous and time-consuming task of managing an organization’s payroll. This not only includes distributing wages and salaries but also calculating and deducting the appropriate taxes, managing employee benefits, and ensuring legal compliance in all financial matters.

Rippling is best for small businesses that hire talent internationally and need an automated way to handle payroll runs, solved record the entry to close the revenue accounts compliance and tax filings across the globe. It is also best for growing businesses that need automation tools to scale their payroll and compliance efforts as they grow. True to its name, one change in the payroll system creates an automated ripple effect, updating all aspects of payroll that are impacted. For example, if an employee moves to begin a new role after being promoted, the hiring manager may change that employee’s compensation. This change initiates changes in tax withholdings, tax filings, payroll calculations, healthcare deductions and more, all without the manager having to lift a finger.