Category: 
October 17, 2008By Ben Needles
Payroll outsourcing is the act of delegating payroll administrative activates to a third party located in offshore destinations such as China, India, Malaysia, Russia and Singapore.In general, companies outsource their payroll functions to reduce operating cost and improve productivity. Companies can concentrate on core business activities with more time available with a sensitive job off their respons….
Horaayy..there are 7 comment(s) for me so far ;)
I am trying to set up a payroll outsourcing company?
Looking for resources on how to build a business plan. I need something really specific to the (payroll) outsourcing business - like a project road map for such undertaking.
look at ceridian.com
should help
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try ask.com
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Go and see your local enterprise company. They have small business advisors who will have access to templates for this.
Once you've seen how it is done you will realise it isn't difficult to do IF you have done your market research, established there is a requirement for your service and also got proof of the amount you can charge and how much it will cost you to provide the service.
I assume you have a really good knowledge of the PAYE and NI systems (including benefits in kind) and you have also checked the cost of professional indemnity insurance which is a must.
Good luck.
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Been there and done that in a very similar business.
Get a quick book software.
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Try the links in http://www.bpoindia.co.nr
Also try the links in http://www.freewebs.com/infodata/outsourcing.htm
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After you set up your company, you may need to do EDI processing with the banks. If you do, then you can try this outsource company located in NJ.
http://www.dmovers.com/
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