Why Do Companies Outsource?
Today’s payroll restrictions, human resource laws, tax requirements and business mandates are confusing, overwhelming and tedious. The IRS assessed employers $13 billion dollars in penalties and interest for noncompliance with payroll tax laws* last year. Many business owners turn to outsourcing to break free from the mounds of paperwork associated with running your HR/payroll functions…and spend more time running your business. And Full Circle HR and Payroll is enthusiastic about delivering the highest quality outsourced products and services.
*IRS Data Book, FY 2006, Publication 55b, Table 17
HR and Payroll Will Improve Your Bottom Line
Outsourcing your HR functions and payroll processes allows you to focus on your core competencies and provides relief from many employer-related responsibilities. Most small- to mid-size business owners don’t start a business to spend all their time handling HR and payroll functions. With an outsource provider, like Full Circle HR and Payroll, you can concentrate on strategies that provide you a competitive edge.
Business owners tend to think of their business in terms of fixed assets, P&L and the bottom line. That doesn’t leave much room for recruiting, retention, payroll, taxes, employee morale, etc; all of which are the foundation to growth. Successful business owners have learned that their human resources have a direct impact on their profitability. The tug-of-war occurs when the owner doesn’t have the skill set or the time to focus on their most value asset…their employees.
In addition to lack of time and limited skill sets, owners turn to outsourcing their HR and payroll to:
- Manage complicated tax compliance
- Avoid audits and governmental fines
- 24/7 accessibility to payroll data
- Competitive health benefit packages
- Accurate payroll tax filing
- Print of checks and direct deposit
- Access to HR forms and reports
- Secure workers’ compensation providers
- Reporting and trending on payroll metrics
- Unlimited direct deposit accounts
Running a business in itself is an overwhelming task, let alone adding all the functions above. And that is where an outsource provider, like Full Circle HR and Payroll can help.
Let Full Circle HR and Payroll be your
outsource provider, so you can spend
more time running your business.
Call us at 877-560-9900 for more information.