Need of Security and Data Confidentiality in Payroll Processing

Security and Data confidentiality are the prime factor that influences the payroll outsourcing decisions. Reason being that this data possess the payroll details of all the employees right from the top Management to the junior executives.Hence companies find it difficult to make their payroll outsourcing decisions.

Confidentiality

One of the German MNC with whom we are working today had the same concern. They were keen upon keeping their data secured and confidential. Our IT Policy for data security helped them to have a better understanding on managing th data and its confidentiality at Remunance. However we would like to share few points:

  • Strong firewall protection for individual domain
  • Daily Log monitoring by IT Team
  • Entry to authorized users within the premises
  • 24×7 CCTV monitoring of the premises
  • Strong system passwords with the periodic changes

The list would be never ending if the security and confidentiality is considered. As we are an global payroll processing company, we understand the importance of security and confidentiality. If there is any kind of gap left behind with reference to security it would certainly affect on company’s growth. These all factors helped us to get more international clientele on board.

So when we are outsourcing payroll services we need to consider all these factors. Meanwhile stay tuned for more insights on the outsourcing of payroll…

Staffing company outsources payroll to better manage growth

For many second-stage businesses, growing pains come from having to form a department for the first time. it came from having to get rid of one.Impact, a staffing firm formed in 2002, watched its revenue climb every year since the recession, from $7 million in 2010 to $16.5 million last year. The company this month will open its first satellite office, in Chesterfield Township, to be closer to manufacturing clients in that area.
Problem: Managing growth and the payroll department.

In 2010, the company had about 300 workers placed with clients to manage. Company leadership saw that as more workers were placed, the hairier things got in the payroll department. President Pete Davis estimated that for roughly every 75 workers placed, Impact had to put another person on payroll duties, which include the tasks of checking attendance, workers’ compensation and disciplinary issues.At this point, he had three people working on payroll management and already the processes were becoming disorderly. As more employees became involved, more basic organizational issues popped up.

Read More@ http://www.crainsdetroit.com/article/20140608/NEWS/306089989/staffing-company-outsources-payroll-to-better-manage-growth

Mountain states again lead nation for small business job gains

For a fourth straight month, the Rocky Mountain states in June topped the nation for small-business job growth over the previous year, according to a monthly report from Colorado’s IHS Inc. and Paychex Inc. Small-business jobs in the mountain states grew by 1.77 percent in June from a year earlier, following May’s 1.41 percent year-over-year increase, April’s 1.75 percent gain and March’s 1.62 percent rise, according to the latest Paychex-IHS Small Business Jobs Index, issued Tuesday. The region includes Colorado as well as Arizona, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming. The mountain region’s growth far outstripped the “East North Central” states (Illinois, Wisconsin, Michigan, Indiana and Ohio), which came in at No. 2 with 0.89 percent year-over-year small-business job growth, the report said. On the other hand, the “Middle Atlantic” states of New York, New Jersey and Pennsylvania saw small-business jobs drop 0.39 percent over the one-year period, the greatest decline of any U.S. region. The report comes from Douglas County-based IHS (NYSE: IHS), a global market information and insight provider, and Paychex (Nasdaq: PAYX), a provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses.

Read More @ http://www.bizjournals.com/denver/blog/broadway_17th/2014/07/mountain-states-again-lead-nation-for-small.html?

5 Things You Can Outsource to Grow Your Business

Maybe you’ve got mixed feelings about outsourcing. As a business owner, you realize two things. One, in America outsourcing is still a dirty word. Two, it’s also critical to modern business. Regardless of how you feel about it, outsourcing is here to stay. More important, it isn’t all doom and gloom. In fact, outsourcing may be the key to taking your business from the back of your garage to a global enterprise reaching customers on multiple continents. Here are five services to consider outsourcing for your business:

1. Payroll and Taxes

Let’s face it, you didn’t start a business because you loved adding columns and carrying the one (unless you’re an accountant, in which case … you’re just weird). Payroll is one of the most widely outsourced elements of modern business, and you’ll likely save a small bundle through outsourcing. Outsourcing your taxes may not save you a tremendous amount of money, but it will save you headaches and heartbreaks. Small business owners claiming deductions are the most heavily audited sector of American society. Outsource this one, and come next February you can pour yourself a drink and toast your sharp business acumen.

Read More @ http://experts.allbusiness.com/outsource-to-grow-your-business-list/

Outsourcing often helps business owners

“My business is growing and I’m working 80 hours a week but I’m hesitant to hire more employees in case business slows down. Any suggestions?”

Congratulations on your growth. Your concern about hiring is shared by many. There are a couple alternatives to consider.

Hiring people who can perform multiple functions is one choice. An employee might be performing accounting duties this morning, customer service this afternoon and sales tomorrow. A worker with several skills is much more valuable and less likely to be without meaningful work during slow periods.Outsourcing is often a better option. There are companies that specialize in performing specific tasks, allowing business owners to concentrate on running their business.

Read More@ http://www.tennessean.com/story/money/2014/07/14/outsourcing-often-helps-business-owners/12599881/

Mountain states again lead nation for small business job gains

For a fourth straight month, the Rocky Mountain states in June topped the nation for small-business job growth over the previous year, according to a monthly report from Colorado’s IHS Inc. and Paychex Inc. Small-business jobs in the mountain states grew by 1.77 percent in June from a year earlier, following May’s 1.41 percent year-over-year increase, April’s 1.75 percent gain and March’s 1.62 percent rise, according to the latest Paychex-IHS Small Business Jobs Index, issued Tuesday. The region includes Colorado as well as Arizona, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming. The mountain region’s growth far outstripped the “East North Central” states (Illinois, Wisconsin, Michigan, Indiana and Ohio), which came in at No. 2 with 0.89 percent year-over-year small-business job growth, the report said. On the other hand, the “Middle Atlantic” states of New York, New Jersey and Pennsylvania saw small-business jobs drop 0.39 percent over the one-year period, the greatest decline of any U.S. region. The report comes from Douglas County-based IHS (NYSE: IHS), a global market information and insight provider, and Paychex (Nasdaq: PAYX), a provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses.

Read More @ http://www.bizjournals.com/denver/blog/broadway_17th/2014/07/mountain-states-again-lead-nation-for-small.html?

Staffing company outsources payroll to better manage growth

For many second-stage businesses, growing pains come from having to form a department for the first time. it came from having to get rid of one.Impact, a staffing firm formed in 2002, watched its revenue climb every year since the recession, from $7 million in 2010 to $16.5 million last year. The company this month will open its first satellite office, in Chesterfield Township, to be closer to manufacturing clients in that area.
Problem: Managing growth and the payroll department.

In 2010, the company had about 300 workers placed with clients to manage. Company leadership saw that as more workers were placed, the hairier things got in the payroll department. President Pete Davis estimated that for roughly every 75 workers placed, Impact had to put another person on payroll duties, which include the tasks of checking attendance, workers’ compensation and disciplinary issues.At this point, he had three people working on payroll management and already the processes were becoming disorderly. As more employees became involved, more basic organizational issues popped up.

Read More@ http://www.crainsdetroit.com/article/20140608/NEWS/306089989/staffing-company-outsources-payroll-to-better-manage-growth