With a COVID-19 pandemic still prevalent in certain areas, businesses large and small continue to struggle with maintaining their workforce. Despite the average drop in unemployment rates, the country continues to experience a labor shortage due to the pandemic.
In an attempt to keep as many employees as possible, many businesses have turned to outsourcing their payroll. It seems like a simple solution–if we give our employees’ job duties to specialists, it’s natural to expect our employees to work under less strain. That makes outsourcing payroll a wise idea, right?
Not exactly. While outsourcing payroll can provide benefits across the board, it’s only a good idea for certain types of businesses expecting certain types of results. Here are a few key things to keep in your mind before considering outsourcing your payroll at Valor Payroll Solutions.
1. You Have More Than 100 Employees
If you have more than 100 employees, outsourcing to Valor Payroll may not be your best option. This is because we tailor our business to small and medium-sized companies.
Because of this, trying to outsource with more employees can make it complicated for your business and ours. We would be happy to provide you with trusted referrals that do handle larger companies though!
2. You Are Not Professional
If you’re unable to be kind and respectful to our staff, Valor Payroll Solutions may not be the right answer for you.
Here, we pride ourselves on our customer service. Because of this, we do not tolerate rude or aggressive behavior from our clients.
3. You Do Not Want Taxes Prefunded
If you want complete control over what you do in terms of taxes with your payroll, we may not be the best option for you.
Here at Valor Payroll Solutions, we don’t allow clients to pay their own taxes outside of the payroll system due to the additional work of reconciling liabilities and the greater potential for errors. This is something you will need to consider before outsourcing your payroll management to a third party.
4. You Don’t Have Access to the Internet or a Computer
One of the most important things that you need in order to outsource business payroll is to have access to the Internet. This is mainly because our services are all web-based.
However, that is not always the case, so if you don’t have access, you can always look at another payroll management solution for your business.
5. You Knowingly Pay Employees Incorrectly
We serve our clients but also care that employees are paid accurately. If you are knowingly misclassifying employees, not paying overtime, or making any other known violations, we will likely not be a good fit for you. Part of our mission is educating others about payroll and compliance issues, and we cannot in good faith process payroll for clients who do not want to be in compliance with applicable laws.
Keep Payroll Within Your Business
When you run your business, you should make sure to weigh your options about whether you want to keep payroll within your business or outsource your employee payroll.
Whatever you choose to do, you should check out our Payroll Learning Center to learn more about what is right for you while also keeping these signs in mind.