How Much Does Outsourced Payroll Cost?

If you’re considering outsourced payroll services and wondering, “how much does outsourced payroll cost?”

Here’s a quick answer: With HR Expertise, the cost per employee in Australia typically starts at $6.95 per payslip on a standard plan.

For larger needs, a premium plan is available at $2,572 for up to 100 employees per month. Let’s break down what influences these outsourced payroll costs and what you can expect from outsourced payroll services.

Factors Influencing Outsourced Payroll Costs

Size of Your Business

The number of employees you have is a significant factor in determining outsourced payroll costs. For instance, HR Expertise offers a standard plan at $6.95 per payslip and a premium plan at $2,572 for up to 100 employees.

 

Services Required

Basic payroll processing is typically the most affordable option, but many businesses require additional services such as tax filing, direct deposit, compliance management, and reporting. Each added service will increase the overall outsourced payroll cost.

 

Frequency of Payroll Runs

How often you run payroll can also impact costs. Weekly payroll processing will cost more than monthly or fortnighly processing due to the increased frequency of calculations and transactions.

 

Complexity of Payroll

If your payroll includes complexities such as variable pay rates, bonuses, commissions, overtime, and multi-state tax filings, the cost will be higher to account for the additional work involved.

 

Integration with Other Systems

The need for integration with other HR systems (like time and attendance tracking, benefits administration, and accounting software) can affect the cost. Seamless integration often requires more sophisticated software solutions.

How to Pick a Good Outsourced Payroll Company

Selecting the right outsourced payroll provider is critical for efficient payroll management.

 

Consider the overall outsourced payroll costs and prioritise experienced providers with a solid reputation and services that meet your current and future needs.

 

You should also ensure reliable customer support is available for any queries. By considering these factors, you can find a trusted partner for seamless payroll processing.

The Outsource Payroll Costs for HR Expertise

At HR Expertise, we have different outsourced payroll cost plans to suit the needs and requirements of your business. Whether you’re an SME or corporate, we have a plan for your business:

 

• Standard Plan: $6.95 per payslip. Ideal for businesses that require straightforward payroll processing.

 

• Premium Plan: $2,572 per month for up to 100 employees. This comprehensive plan includes a wider array of services to meet more complex payroll needs.

 

 

What’s Included in Outsourced Payroll Services?

Outsourced payroll services typically include a range of features designed to simplify your payroll process and ensure compliance, such as:

 

• Payroll Processing: Calculation of employee wages, deductions, and net pay.
• Tax Filing: Preparation and filing of payroll taxes, ensuring compliance with local laws.
• Direct Deposit: Transferring employee salaries directly into their bank accounts.
• Compliance Management: Keeping up-to-date with and adhering to the latest employment laws and regulations.
• Reporting: Generating detailed payroll reports for management and auditing purposes.
• Year-End Services: Preparing and distributing income statements, payment summariesand other necessary tax documents.

Why Choose HR Expertise as an Outsourced Payroll Provider?

Outsourcing payroll can be a strategic move with many benefits for both small business and large corporates that saves time, reduces errors, and ensures compliance with regulations.

 

At HR Expertise, we offer flexible and scalable payroll solutions alongside a range of comprehensive HR outsourcing services. Our outsourced payroll costs are also competitive, so you can be sure you’re always getting the best deal.

 

If you’re considering outsourcing your payroll, contact us for a free initial consultation. Let us streamline your payroll processes and support business growth.