The “True Cost” of internal payroll

Most companies under estimate the total True cost of running their own payroll.

Studies have shown that it costs approximately $1,400 per employee for a large organization and approximately $2,000 per employee for a mid-size organization for in-house administration of payroll, workforce administration and time and attendance. Of these costs, 50% are defined as “Hidden Costs” such as:

  • Payroll-mistakesSoftware costs
  • System installation
  • System upgrades costs
  • System maintenance costs
  • Employee costs (salaries, super, work cover, leave entitlements, payroll taxes, etc.)
  • Employee costs whilst payroll staff are on leave

Power Pays – The Smart Business Choice.