Paychex is a nationwide outsourcing services of payroll, human resources and Employee benefits. Paychex offer services from small to medium size companies. It was stablish since 1979 by Blasé Thomas Golisano.
The main type of services Paychex offer is Payroll, according to Paychex they have 4 types of payroll packages: “express payroll, Paychex Flex Select, Paychex Flex Pro, and Paychex Enterprise”. Payroll handle the hours, the direct despotic the payments for the employees the tax documentation, 24/7 customer services, the hire documentation, also, Paychex can assign an expert in payroll for the company in a specific situation. All of this depends in what packages the company is enroll.
Additionally, Paychex provide Human resource services, Paychex offer a HR training program for those who want to improve they knowledge in the human resources department.as well as Human resource consultation to extrategy and make success the companies goals for those companies who do not have HR department or personnel.
Finally, for employee benefits Paychex provide services of health insurances, retirement, and financial programs in which the companies can choose the program that best fit their needs.
· Focus on the business
Many companies use outsorcing payroll to concentrate on business operations. The need to make companies more effective and competitive require a lot of time and effort, for that reason many companies relief in this type of outsourcing to do for them the payroll jobs.
· Decrease responsibilities
The payroll process requires a lot of time and personnel, companies use outsorcing payroll to distribute those responsibilities, such as keeping track of paymennts or hours of workers. Outsorcing payroll have the right people to this type or work.
A companie with 5 employess is profitable use outsorsing payroll because it is expensive to have 1 person handle the payroll including th expenses of distribution of checks, and documents such as W2.
The outsourcing payroll are very strict compliance with the regulations for each company. They can prevent sanctions in companies and avoid fines for example, how payments should be distributed, taxes and hours allowed
· Not control
When companies use outsoring payroll, sometimes there is no control over things such ad avoiding payments errors, paying tax payments or exposing confidential data of the companies.
The confidentiality of the companies is very important and it can happen that the payroll, social security can be stolen by cyber pirates creating a big issue for the companies.
According to Surepayroll “the simple payroll price is between $20 and $100 monthly”. This depends on the number of employees and the services that are included. for a medium company hire a person to take care of the payroll is better than hiring these types of resourcescompanies can be target by cyber pirates and steal their information.
Also keeping the payroll internally generates jobs for the new generations, the
more outsource payroll decreases the possibility of jobs for us the future. Moreover, having a
person or a payroll department is effective because it kept internally the
exclusivity to access any document to make last minute changes, payroll
internally is better compare to contact customer services and in some cases
Your answers should reflect your
own thoughts. Do not plagiarize any website. Cite all Internet sources used.