Internal vs Outsourced Payroll

Why should I outsource my payroll?

Payroll is often a task that is undertaken internally by admin staff or management. Whilst there are some benefits of having payroll processed by an employee, outsourcing your payroll to a dedicated payroll specialist can do wonders for your team. Freeing up their time to spend working in other areas of your business, not to mention the increase in accuracy achieved by leaving it to the professionals.

In the table below, we've highlighted just some of the reasons why it's a good idea to consider outsourcing your payroll processing.

Internal Payroll Employee	Outsourced Payroll Specialist	Outsourced Payroll Specialist
FROM $60,000 Salary	FROM $50 Weekly + GST	FROM $50 Weekly + GST
Advertising and interviewing Inexperience Limited knowledge Can get overwhelmed Needs training Employment contract Superannuation Work cover issues Workers compensation insurance Holiday leaving Sick leave Hard to discharge Potential payroll tax liabilities	Ability to identify areas for potential cost savings Always on hand when needed Experienced team Qualified and registered Members of professional bodies Fixed cost Service guarantee	Ability to identify areas for potential cost savings Always on hand when needed Experienced team Qualified and registered Members of professional bodies Fixed cost Service guarantee

Internal Payroll Employee

Outsourced Payroll Specialist

FROM $60,000
Salary

FROM $50
Weekly + GST

Advertising and interviewing

Inexperience

Limited knowledge

Can get overwhelmed

Needs training

Employment contract

Superannuation

Work cover issues

Workers compensation insurance

Holiday leaving

Sick leave

Hard to discharge

Potential payroll tax liabilities

Ability to identify areas for potential cost savings

Always on hand when needed

Experienced team

Qualified and registered

Members of professional bodies

Fixed cost

Service guarantee

Ability to identify areas for potential cost savings

Always on hand when needed

Experienced team

Qualified and registered

Members of professional bodies

Fixed cost

Service guarantee

Internal vs Outsourced Payroll

Why should I outsource my payroll?

Internal Payroll Employee

Outsourced Payroll Specialist

Outsourced Payroll Specialist

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