Difficulty Managing Payroll for Remote Teams? Here’s An Advice

We know for a fact that payroll management is challenging. Although the function has evolved notably over the years, it remains highly complicated and time intensive.

But the last three years have been specifically difficult for payroll administrators. Since the beginning of the coronavirus pandemic, governments all over the world have revised their payroll legislation and added new components to it. Moreover, as employees began working remotely, everyday reporting became more difficult than ever.

Payroll management, therefore, became a hugely cumbersome task in the aftermath of the pandemic. Even as markets all over the world have opened now, many companies continue to work in a hybrid manner, making payroll computation difficult. This has reinforced accountants’ dependence on the latest payroll technology and professional payroll outsourcing services.

The Challenge with Managing Remote Teams

During the pandemic, several companies made the shift from traditional working to completely remote or hybrid models. While this provided convenience to employees, it disrupted the way HR professionals collect employee work data.

For instance, companies would previously mark employee attendance through a biometric system or the identity card swipe method. However, these techniques would work only in the in-office scenario. In the remote working situation, it is difficult for HR professionals to record attendance, work timings, leaves, expenses, and compensation.

Besides, many accounting firms work with clients with a globally spread workforce. To manage the payroll for these companies, accountants and payroll administrators must be thorough with the latest payroll technology and the corresponding legislation of each country.

Although technology has made accountants’ jobs a lot easier, payroll management is easier said than done. Currently, most accounting firms and UK payroll service providers are heavily understaffed and often find hiring and retaining skilled resources difficult. Moreover, staying abreast of the latest technology and the ever-changing legislation are added headaches.

Our Advice: Try Payroll Outsourcing

The accounting world does not need an introduction to outsourcing. In fact, most UK accountants have been widely outsourcing their workload to certified professionals overseas.

When it comes to payroll processing and management, outsourcing can help accounting firms in numerous ways.

Let’s explore the benefits of outsourcing payroll services in detail.

Payroll management by experts

The most significant benefit of outsourcing payroll is getting it done by experts. At a time when accounting firms are struggling to find skilled staff, this is highly critical.

Outsourcing opens a vast global talent pool for accountants to staff their firms. These professionals are up to date with the latest payroll legislation of the countries their clients operate in. Besides, they are also well-equipped with technical knowledge and can work on the latest payroll software.

Increased efficiency

Getting your payroll done by experts means ensuring maximum accuracy and minimising the scope for error. Payroll computation involves a series of calculations and regulatory considerations.

By outsourcing payroll services, you delegate the complex task to certified experts, who use their knowledge and technical expertise to ensure your payroll management process is efficient and hassle-free.

Capacity creation

Another important reason accounting firms outsource payroll is to create capacity. Since payroll is a time-intensive task, accountants are often occupied with compliances. This prevents them from upskilling, focusing on higher-value services, or scaling their firm.

Outsourcing payroll helps accountants create capacity for their firm easily. By delegating the cumbersome payroll tasks to external experts, you can free up your resources to take up additional tasks and attract new customers.

Cost savings

Cost saving has traditionally been a vital reason for accounting firms to outsource their services. Speaking of payroll, accountants are required to stay abreast of the changing technology and train their internal resources to manage the function efficiently. This can be highly time-consuming and expensive at the same time.

Payroll outsourcing is an easy fix to this challenge. Instead of investing time, effort, and money into building an in-house payroll team, you can simply delegate it to certified outsourced professionals. These resources also provide valuable insights to help improve your processes and make them efficient.

Finding the Right Payroll Outsourcing Provider

Now that you know outsourcing is the quickest and easiest way to counter your payroll challenges in the remote working scenario, why wait? The payroll season is fast approaching, and it may just be the right time to start looking for an outsourcing provider.

QXAS, a global accounting outsourcing firm, is a specialist in payroll processing and management. We provide custom UK payroll services for growth-focused accounting firms through a vast pool of highly skilled payroll professionals.

Outsource your payroll to us for the fastest turnaround time, unbeaten efficiency and productivity, and a complete cyber-secure outsourcing experience. To book a free consultation, email us at [email protected] or ring us at +44 208-146-0808.