Why do businesses outsource payroll processing offshore?
Payroll processing is a fairly predictable series of tasks that are rules based, repetitive and transactional in nature. This makes it the perfect role to outsource offshore. It’s also very time-critical and relies on accuracy and efficiency.
Having a dedicated offshore payroll officer or team of staff, means that they are focused entirely on processing your payroll and any related HR tasks, and very unlikely to be distracted by other work. As a result, you can expect a timely delivery of payroll requirements with reduced inaccuracies.
By sending this back-office role offshore, you’ll be able to free up valuable time for your local HR team so they can focus on the more complex tasks associated with recruitment, performance management and team culture. Payroll often crosses over between HR and Accounting so it also frees up your accounting team to focus on invoicing sales, paying creditors and the overall financial position of your organisation. It also leads to increased job satisfaction for your local team members because they're focused on the more interesting tasks of their job roles.