Why Should Recruitment Agencies Outsource Their Payroll?

As a recruiter, your job is to match the right people with the right job or company. Recruiting people takes a large amount of time, as well as sorting through though CV’s, new job listings and posting recruitment adverts.

As a result, many recruitment agencies are now moving towards an outsourced payroll solution as it frees up time to focus on core business activities.
If you are a recruitment agency there are many to an outsourced payroll solution:

1. Firstly, you save on administration and staffing. Using an outsourced payroll solution can save your agency time spent on lengthy backend administration such as setting up auto-enrolment, time sheet management or invoicing. The payroll specialists can liaise directly with the contractor regarding any queries they may have about finance. Your overheads can be greatly reduced as you will not require staff to perform payroll functions for your business.

2. You get the benefit of dedicated payroll professionals. With an outsourced payroll company, your recruitment agency can feel safe in the knowledge that a dedicated team of payroll experts are up to date with the quickly changing and complicated payroll functions and the surrounding legislation. This is especially important for a recruitment agency as you will need to vary your payroll based on whether the contractor is under an umbrella company or is operating as their own limited business. An outsourced payroll company will perform any HMRC reporting and make sure that your agency is compliant with any new updates.

You’ll get more time to do what your agency does best. Your recruitment consultants will be able to invest their time in finding and placing the best candidates with the best employees, rather than answering payroll queries. This will enable them to place more candidates, thus increasing profits and growing your business.

3. You’ll get more time to do what your agency does best. Your recruitment consultants will be able to invest their time in finding and placing the best candidates with the best employees, rather than answering payroll queries. This will enable them to place more candidates, thus increasing profits and growing your business.
 

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