The payroll outsourcing solution for small businesses is simply one of the many companies offering remote payroll services. This is a situation whereby the small business has its financial side of the business taken care of remotely by another business.

This has many advantages and offers many benefits over the more traditional way of doing things. It can be much less costly for one thing. Savings of more than half are not uncommon, and that makes it a very attractive option for the small business owner.

Maintaining and running a dedicated financial department means having office space and specialised employees. Both are expensive options. The office, or perhaps several different offices, needs to be stocked with desks and seats, computers, faxes, telephones, and so on.

The offices also need to be well lighted and properly heated. They must comply with all health and safety rules and be ready for inspection by health and safety officers at all times. In addition, offices must be cleaned every day, which in turn means contracting office cleaners. This all costs a lot of money. It should also be taken into consideration the fact that the financial department does not make a profit for the business. They do not manufacture anything, or perform any core service to the clients of the small business. They are certainly necessary, but in a way, they are a burden on the small business too.

The payroll outsourcing solution does not do away with the financial department, not really. It hands over the running of all payroll matters to another business that is dedicated to performing such work for small businesses.

The small business no longer needs to maintain office space for a financial team with all the peripheral costs involved. It does not have a financial staff to pay wages to either. It does, however, have the services of an expert team, a payroll outsourcing solution that can look after all the payroll needs of the small business at a cost of around half or what it used to be.

The only possible concern left with the small business owner is perhaps one of security and confidentiality. They need to know that the sensitive information of each of their employees is being properly dealt with. They need to know that the information is secure and confidential, and that it will always remain so. They need to know that they can trust the payroll outsourcing solution they have entrusted the information to.

Every payroll outsourcing business relies on its reputation for continued business. It takes time to build up a good strong reputation, but it can all crumble in moments if there is a serious security leak at any time. This means that it is very much in the interests of any outsourcing company to maintain a very high level of confidentiality. It is what their very business model rests on.

Outsourcing is becoming more and more popular as a way of producing a leaner and more efficient business. A payroll outsourcing solution is just one way of helping to achieve this end.