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1 pages/≈275 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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$ 4.32
Topic:
Payroll Processing
Essay Instructions:
Week 3 Discussion 2
Payroll Processing
Pretend you are the V.P. of Human Resources. Your payroll manager wants to outsource day-to-day processing of pay checks to a third party to allocate more time to financial analysis. In at least 200 words, describe at least three factors you would use to justify a decision to outsource or not outsource payroll processing.
Essay Sample Content Preview:
Payroll Processing
Outsourcing payroll processing can be beneficial to the organization due to several factors. First, there is a huge potential for resource-saving when a transaction-based function like payroll processing is outsourced. In this case, resource savings will be achieved because the need to hire specialized HR professionals will be eliminated. Furthermore, attention can be dedicated to financial analysis, which I believe would be valuable to the organization.
Outsourcing payroll processing is also justified because it would reduce HR administration costs that come with payroll processing. As noted by Kavanagh et al. (2015), payroll processing represents one of the high volume processing transactions in the organization, and there are HR administration costs that come along with it. Therefore, there is a potential of reducing HRIS expenses with payroll outsourcing.
Perhaps an essential factor that justifies outsourcing o...
Outsourcing payroll processing can be beneficial to the organization due to several factors. First, there is a huge potential for resource-saving when a transaction-based function like payroll processing is outsourced. In this case, resource savings will be achieved because the need to hire specialized HR professionals will be eliminated. Furthermore, attention can be dedicated to financial analysis, which I believe would be valuable to the organization.
Outsourcing payroll processing is also justified because it would reduce HR administration costs that come with payroll processing. As noted by Kavanagh et al. (2015), payroll processing represents one of the high volume processing transactions in the organization, and there are HR administration costs that come along with it. Therefore, there is a potential of reducing HRIS expenses with payroll outsourcing.
Perhaps an essential factor that justifies outsourcing o...
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