Question

In this chapter, we learned that the computing and reporting of payroll are very complex processes. Some companies choose to handle these computations and the associated reporting internally while other companies prefer to outsource these payroll functions to a third party.

Answer the following questions:

1. Research a payroll processing/outsourcing firm. Report the name of the firm and describe some of the functions this firm can perform for a company. Include a link to the firm's website.
2. Based on what you've learned in this chapter and using credible Internet sources, what are the pros and cons of outsourcing a company's payroll function?
3. Do you believe it is better to outsource a company's payroll functions or perform those functions internally? Why?

Your answers should reflect your own thoughts. Do not plagiarize any website. Cite all Internet sources used.

Answer 1

Answer:

In view of work burden of the organizations , a few organizations outsource their capacities/dunctions . It deminishes their compiling costs .

Be that as it may, for certain organizations outsourcing might be burden it is smarter to those organizations perform functions all alone .

Pros/Advantages :

• Decrease work burden
• Decrease staff
• Effective use of time
• Increase effectiveness of workers
• Work effectiveness

Cons / Dis-advantages:

• Loss of information
• Frailty

Consequently it is smarter and better to analyse the circumstances of the organizations and take decisions by the administration about outsource or internally perform of activities/functions of the organization .