Web SmallBusiness2u.com
Home
Business Start-up
Business Planning
Business Administration
Marketing
Contact Us
Business Resources
  Find What eBay buyers want
  Build A Niche Store
  Become An eBay PowerSeller
  eBay Wholesale Directory
Join Mailing List
Name: 
Email: 
Useful Links
Current Events Calendar
Tradeshow Fair Network
Web Marketing Malaysia
Best Investment Online
Beauty Tips & Resources
Expo Conference Network
 
 
Outsource Payroll Management
By Kai Yee

Next time you get your paycheck you should seriously consider taking your Payroll Administrator out to lunch. Payroll Administration is an extraordinarily complex job. Here is a sampling of the tasks a Human Resources Administrator must perform to do her job. In any given pay period, your Payroll Manager must process and issue employee paychecks plus calculate statements of earnings and deductions. She has to keep accurate track of employee time, production, and benefits data from time sheets and other records. She also has to provide information to employees and managers on payroll matters, tax issues, benefit plans, and collective agreement provisions.

If that weren't enough your Payroll Manager must keep up with new legislations. This is especially true in light of the current economic situation. For instance, the new American Recovery and Reinvestment Act of 2009, effects how much employees need to contribute to their the COBRA medical premiums should they be laid off involuntarily and how much credit the employer can claim to offset the balance. If all this sounds like a lot of gobbledygook to you think of how your poor Payroll Manager must feel! (if you are interested in this particular issue you can check it out on IRS.gov)

A workable alternative to this administrative soup is to hire a professional organization that can take up the administrative duties of a Payroll Administrator as well as other Human Resources functions such as Benefits Administration. A Profession Employer Organization (PEO) is an administering company that becomes the employer of record for the client company. The employees in this instance are leased back to the client firm. This approach not only offers administrative relief for a company executive, it can also minimize liability stemming from Human Resources issues such as Payroll Administration.

Another option is the Administrative Services Organization (ASO) solution. An ASO is capable of doing all the Human Resources activities that a PEO can do but it does not require the administrative company to be the employer of record for the employees. The added bonus is that the client company can pick and choose ala carte Human Resources jobs to outsource such as Payroll or Benefits Management. Now that you're educated on the intricacies of a Payroll Administrator's job don't you think she deserves to be taken out for lunch!


Kai Yee, is a writer, educator and a businessman living and working in Washington, DC. He has taught and lectured at in George Washington University and George Mason University. Currently, he is working as a consultant for AstraHR | PEO.

Article Source: http://EzineArticles.com/?expert=Kai_Yee

 
© SmallBusiness2u.com    powered by eventogo.com