Better out than in – outsourcing makes economic sense
With the economic gloom showing no signs of lifting, many care home operators are looking for solutions to cut costs and streamline operations. DAVE COOPER, managing director at ESOS, outlines the benefits of outsourcing payroll services during the economic downturn.
The pace at which outsourcing is being recognised as a sound strategic and financial practice is strengthening every month and its benefits are even more evident during these times of economic uncertainty.
Tighter economic conditions prompt many business owners to look for ways to cut costs and outsourcing is an effective way to achieve the efficiencies they need â€“ just to keep afloat.
Care homes can save money by finding a cost-efficient external supplier, freeing up their own time to focus on their core competencies. By outsourcing, companies are able to tap into a wealth of expertise and resource. These are resources that the average company does not boast, and in most cases are over and above the traditional in-house payroll system.
Payroll is one of the most established outsourcing services â€“ and for good reason. With overtime payments, shift patterns, tax calculations and National Insurance Contributions to consider, not to mention the penalties from the