Business consultants have long advocated outsourcing non-core functions.
A non-core function is one that is not a profit center (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.
In most businesses, administrative and back-office activities such as payroll are non-core functions.
Outsourcing Payroll (non-core function) means an act of delegating payroll administration to third party having expertise in payroll processes. Generally companies outsource their payroll functions to cut costs, and to get better services and to ensure smooth and error free monthly payroll cycle.
But the question business owners and managers want answered is: what do you actually gain from outsourcing payroll? Is it worth all the time and effort to investigate and identify appropriate and the best outsourced service providers? Then there’s the work involved to transition the function outside to the third party service. Do the benefits of outsourcing outweigh that effort? Continue reading “BEST Payroll Outsourcing Services India”