Do the math A simple test to find out if your company is ready to outsource this task is to multiply the number of hours spent yearly on payroll activities by the hourly wage of the payroll producer. If the total is close to or less than the yearly cost to outsource the process, you might be ready to make the change. Freeing up your employees to concentrate on the business of your business provides a benefit to your company. Payroll outsourcing companies abound. Chittenton Bank in Vermont is one of several banks that now offer this service to their customers.
Basic services vary from company to company, and there are all kinds of options.
Envelopes and courier delivery may be chargeable options at one company and standard at another. Visitors to ADP's Web site can work up an individualized price quote on an interactive cost calculator. Before beginning your search for a payroll service provider, take a few minutes to think about what you want the service to do for you. Make a list of the options that are important to you. You can refer to the list as you interview prospective companies.