Thursday, September 08, 2011

Top Reasons to Use Payroll Services for Pre-employment Services


Payroll service providers offer many different services to companies that can help them do many of the things that you see on the list below:

- Streamline business processes
- Satisfy customers
- Help employees do their jobs
- Maximize profit

In addition the above services there are many other things that business payroll services can do for most companies. One of the most notable things a payroll service provider can do, other than outsource payroll services and the following tasks is pre-employment services:

• Human resource outsourcing
• Payroll services
• Payroll tax and compliance assistance
• Benefits and workers’ compensation outsourcing
• Time and attendance monitoring
• Pre-employment services
• Retirement Services

Pre-employment services encompass many things, including increasing productivity, generating competitive advantage and ensuring a rapid return on investment capital. By reducing a company’s inefficiencies and streamlining processes a payroll service provider has the ability to help you attract quality employees, retaining top talent, successfully screening prospective employees and improving current employee performance.

With a payroll service provider offering their service to a company that respective company will have the ability to save as much money as possible by utilizing the pre-employment capabilities of a payroll service provider. Good people are one of a company’s biggest assets, so it would make sense that pre-employment services are a hot commodity; payroll service providers have the ability to help you with recruiting, streamlining your hiring processes (if you simply use them in an adversarial role) and improving current employee performance. This will help you receive a solid return on investment on your capital.

In addition to the above services, payroll service providers do a lot of other things with regards to pre-employment services. The following list is a small example of the possible capabilities:

- Align your strategies for acquiring, managing, screening, deploying and retaining talent
- Streamline your entire hiring process and minimize process redundancies
- Reduce overall compliance risk
- Increase your return on investment (ROI) from tax credit and incentive programs
- Support company-wide hiring processes with defined business rules, personalized workflows and advanced security measures
- Meet changing needs using a hosted, on-demand platform

Aligning your strategies will help you save money and utilize your people more effectively. Streamlining your hiring process and minimizing redundancies will help you get the best people that you possibly can. Reducing your overall compliance risk will help you reduce or get rid of fines that you receive for not filing paperwork properly. Increasing your ROI from credits will help you increase your bottom line and provide your employees and company with more opportunities. Supporting company-wide processes will help you provide your company and employees with a more specific direction and will give people more motivation to work towards common goals. Lastly, by meeting changing needs using technology you will put yourself ahead of the competition from an employment perspective and your employee asset base will be high, which will give you a competitive advantage over competitors.

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