outsourcing Archives | Novative https://www.novative.com/en/tag/outsourcing/ Global HR & Payroll Solutions Mon, 20 Feb 2023 15:58:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://www.novative.com/wp-content/uploads/2018/10/A_novative.png outsourcing Archives | Novative https://www.novative.com/en/tag/outsourcing/ 32 32 The 5 Most Common Myths About Payroll Outsourcing https://www.novative.com/en/myths-payroll-outsourcing/ Mon, 16 Jan 2023 16:11:23 +0000 https://www.novative.com/?p=7399 Linkedin Twitter Facebook Introduction Paying your employees is not just about paying wages at the end of the month. Today’s payroll processes can include dealing with medical benefits, employee relations issues to submitting payroll taxes. That is why 12% of companies fully outsourced their payroll in 2019 compared to 8% in 2015. During our journey…

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Introduction

Paying your employees is not just about paying wages at the end of the month. Today’s payroll processes can include dealing with medical benefits, employee relations issues to submitting payroll taxes. That is why 12% of companies fully outsourced their payroll in 2019 compared to 8% in 2015.

During our journey through sponsoring industry-specific events and our conversations with attendees, we were being asked similar questions and myths about outsourcing payroll. Attendees were amazed that these myths are very outdated, and they could benefit from outsourcing their payroll.

In this article, we will share with you some of the misconceptions about payroll outsourcing.

Paying your employees is not just about paying wages at the end of the month. Today’s payroll processes can include dealing with medical benefits, employee relations issues to submitting payroll taxes. That is why 12% of companies fully outsourced their payroll in 2019 compared to 8% in 2015.

During our journey through sponsoring industry-specific events and our conversations with attendees, we were being asked similar questions and myths about outsourcing payroll. Attendees were amazed that these myths are very outdated, and they could benefit from outsourcing their payroll.

In this article, we will share with you some of the misconceptions about payroll outsourcing.

Myth 1: The Entire Payroll Process Must Be Outsourced

This was one of the biggest misconceptions that we came across. Payroll outsourcing does not mean outsourcing the whole process. You can search for a payroll provider that has flexible payroll packages.

Novative’s payroll outsourcing services provides you with flexible and customized options. You can choose only the services that meet your needs, and you will only be charged for those services.

Myth 1: The Entire Payroll Process Must Be Outsourced

This was one of the biggest misconceptions that we came across. Payroll outsourcing does not mean outsourcing the whole process. You can search for a payroll provider that has flexible payroll packages.

Novative’s payroll outsourcing services provides you with flexible and customized options. You can choose only the services that meet your needs, and you will only be charged for those services.

Myth 2: Payroll Outsourcing Is More Expensive Than Managing It In-house

Payroll outsourcing saves you from all the costs associated with the in-house team such as recruitment or training. You will also cut the costs related to the payroll software such as IT support or maintenance.

Of course, choosing between outsourced and in-house payroll depends on many factors specific to your company. You can consult our guide to find out which way is best for your business.

Novative experts will never need to be covered for holidays, and you will not have the cost of training. Time is money, and that is what we will give your company back so you can concentrate on revenue-generating activities and growing the company.

Save money with payroll outsourcing

Myth 2: Payroll Outsourcing Is More Expensive Than Managing It In-house

Payroll outsourcing saves you from all the costs associated with the in-house team such as recruitment or training. You will also cut the costs related to the payroll software such as IT support or maintenance.

Of course, choosing between outsourced and in-house payroll depends on many factors specific to your company. You can consult our guide to find out which way is best for your business.

Novative experts will never need to be covered for holidays, and you will not have the cost of training. Time is money, and that is what we will give your company back so you can concentrate on revenue-generating activities and growing the company.

Save money with payroll outsourcing

Myth 3: It’s Too Much Hassle to Transition to Payroll Outsourcing

Companies are worried that payroll outsourcing will pose challenges. However, it is simply a myth as a good outsourced payroll service provider will absorb any transitional pain.

You might expect implementation to be a time-consuming process. It is not always the case! With cloud-based technology and expert implementation teams, Novative ensures that the transition is quick and smooth, causing minimum disruption to your organisation. Now that the transition is no longer an issue, think about all the positive aspects of payroll outsourcing. You’ll ensure accurate, compliant, on-time payroll every month.

Myth 3: It’s Too Much Hassle to Transition to Payroll Outsourcing

Companies are worried that payroll outsourcing will pose challenges. However, it is simply a myth as a good outsourced payroll service provider will absorb any transitional pain.

You might expect implementation to be a time-consuming process. It is not always the case! With cloud-based technology and expert implementation teams, Novative ensures that the transition is quick and smooth, causing minimum disruption to your organisation. Now that the transition is no longer an issue, think about all the positive aspects of payroll outsourcing. You’ll ensure accurate, compliant, on-time payroll every month.

Myth 4: Payroll Outsourcing Will Lead to a Loss of Control and Complicated Access to Data

Another common myth is that considering a payroll outsourcing solution will lead to a loss of financial control and leave them out of the loop. On the contrary, a payroll outsourcing company provides a flexible, easily accessible reporting system that clients can use themselves.

Considering Novative as a partner ensures you do not lose any control over your payroll processes. We are there to enhance your capabilities, not take them over. You will be provided with a dedicated expert and a powerful unique platform where you will be able to see all data related to your payroll.

Myth 4: Payroll Outsourcing Will Lead to a Loss of Control and Complicated Access to Data

Another common myth is that considering a payroll outsourcing solution will lead to a loss of financial control and leave them out of the loop. On the contrary, a payroll outsourcing company provides a flexible, easily accessible reporting system that clients can use themselves.

Considering Novative as a partner ensures you do not lose any control over your payroll processes. We are there to enhance your capabilities, not take them over. You will be provided with a dedicated expert and a powerful unique platform where you will be able to see all data related to your payroll.

Myth 5: Data security is not guaranteed with payroll outsourcing

Many organisations worry that choosing a payroll outsourcing company puts their data at risk. This is because they are concerned about giving someone access to sensitive data, which could expose them to data breaches or loss. This is a normal fear. However, your data is likely to be safer in an outsourced environment. Why ? Because most third-party payroll providers invest heavily in the technology and systems they use to ensure data security and disaster recovery. You just have to look for the right payroll outsourcing provider that considers your data security a top priority.

Myth 5: Data security is not guaranteed with payroll outsourcing

Many organisations worry that choosing a payroll outsourcing company puts their data at risk. This is because they are concerned about giving someone access to sensitive data, which could expose them to data breaches or loss. This is a normal fear. However, your data is likely to be safer in an outsourced environment. Why ? Because most third-party payroll providers invest heavily in the technology and systems they use to ensure data security and disaster recovery. You just have to look for the right payroll outsourcing provider that considers your data security a top priority.

We attempted to debunk and dispel some of the myths surrounding payroll outsourcing in this article. And to ensure that payroll outsourcing certainly has a lot of advantages and can help you through the most time-consuming administrative tasks.

If you get the right payroll provider, you will spend less time thinking about processing your payroll and more time focusing on running and growing your business.

Payroll outsourcing service
I want to outscource my payroll process

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]]> The 5 Advantages of One Global Payroll Provider https://www.novative.com/en/the-5-advantages-of-one-global-payroll-provider/ Mon, 14 Sep 2020 09:30:57 +0000 https://www.novative.com/?p=12995 the advantages of global payroll provider Linkedin Twitter Facebook Introduction – the advantage of global payroll provider According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll. In recent years, new technology has enabled our world to become more connected on a global scale.…

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]]>

the advantages of global payroll provider

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Introduction - the advantage of global payroll provider

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business.

Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries.

By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes.

This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries.

One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Choose the right global payroll provider.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Introduction - the advantage of global payroll provider

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business. Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries. By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes. This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries. One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Global Payroll Service

Introduction

According to the 2022 Gartner Market Guide for Multicountry Payroll Solutions, there’s a growing interest in options that facilitate global payroll.

In recent years, new technology has enabled our world to become more connected on a global scale. Businesses have taken advantage of this and expanded into new countries. Expansion for any organisation is an exciting time, and each country offers its unique positives for business. Though there are advantages, like with any foreign expansion, there are numerous payroll and HR concerns to consider. Generally, employers are held responsible for employee tax withholding, and failing to do so can encompass fines and penalties. Achieving efficiency, effectiveness, and accuracy at an optimum cost would be a challenge for any organisation.

Therefore, outsourcing your global payroll to the right global payroll provider can help you comply with local regulations, keeping your business compliant at all times.

Find out why choosing a single global payroll provider can enable your business to save costs, improve communication, and remain compliant.

One Global Payroll Provider Means One Face to Deal With

Having a different payroll provider in each country of operation results in a large number of contacts. This can easily become confusing and result in an increased workload for your organisation. Many topics require coordination between multiple payroll service providers, as these topics must be integrated across multiple countries. By only having one global payroll provider, your payroll processes are managed centrally. One contact will take care of all global payroll questions and problems. A new employee in France? A tax issue in the US? One call or email is enough to solve everything within minutes. This will benefit your entire team, from employees to managers. Everyone always knows who to contact about their payslips and salary inquiries. One global payroll provider is all you need to manage your pay efficiently, structurally, and transparently.

One Global Payroll Provider for Guaranteed Business Success

Companies with subsidies in different countries or even continents will be separated not only by different locations but also by different time zones. Therefore, it makes it hard to receive urgent information as soon as possible.

Sometimes this can lead to not meeting a deadline and, consequently, cause troubles and possible costs. The same applies when a company hires different payroll providers for different countries. Every provider will follow different processes that you have to be aware of if you want to guarantee a smooth business process.

Outsourcing to a single global payroll provider ensures reliable payroll management, allowing your team to focus on core business tasks. With this solution, you can guarantee the smooth operation and success of your business.

Benefit from Better Data Consolidation

Switching to a single global payroll provider means you no longer have to handle different payroll services, with their own systems and internal processes.

Different payroll providers will offer different HRIS to store your country- and payroll- specific data. This can easily lead to disaster for many companies if they want to update or use the data to receive valuable insights for reports. Data cannot be transferred or updated automatically in all systems at the same time. 

Therefore, manual processes will take up a significant amount of time. Also, the different systems do not allow comparing data from one country with another. The data first has to be downloaded and displayed within a separate programme. This all makes centralised management of payroll impossible.

One global payroll provider will obscure all these issues. You only need to update one HRIS, as your data is securely stored in one system for all subsidiaries worldwide. This allows you to easily access your data, gain data insights, and compare each subsidiary with another.

Take Control of Your Payroll Expenses

Different global payroll providers mean different bills that must be paid on time. This entails an increased workload for the accounting department and more payment conditions they have to be aware of.

By assigning your global payroll to only one provider, you can easily control costs. Your processes and data streams are consolidated and automated. Your accounting department has to manage and oversee only one payroll provider for all payroll costs. Stop fearing hidden costs and start enjoying the global payroll.

Eliminate Hidden Payroll Costs with One Global Payroll Provider

Payroll outsourcing eliminates all of the costs associated with keeping an in-house payroll team, such as recruitment and training. Additionally, consider how much time your managers spend checking and reviewing payroll instead of focusing on growth.

Another hidden cost is the impact of failing to comply with regulations. As an employer, you may not be aware of an employee’s country’s rules and regulations in terms of payroll.

According to the IRS has estimated that around one-third of employers make a payroll mistake in any given year, collecting nearly $7 billion in penalties for 2021.

With a single global payroll provider, your entire global payroll process will be covered with complete transparency, uncovering hidden costs.

Conclusion - Payroll Trends 2023

In conclusion, having only one payroll provider will most definitely simplify the life of your business and that of your payroll and HR professionals. Expect streamlined communication processes and fewer back-and-forth emails. 

With the help of the right technology, payroll can be completed accurately and effectively, while ensuring timely completion. Novative Global Payroll Services offer a solution to simplify the complexities of payroll, providing flexibility, efficiency, automation, and maintenance.

Compliance is a significant benefit of AI-based tools. Payroll regulations frequently change due to constant market fluctuations, unstable economies, recessions, and other factors. AI enables the Payroll Software to automatically update the rules and ensure compliance.

Ready to expand your business globally?

Pay your employees all over the world with complete peace of mind!

Contact us

The post The 5 Advantages of One Global Payroll Provider appeared first on Novative.

]]> HR & Payroll Outsourcing – How It Supports You In Times Like These https://www.novative.com/en/hr-payroll-outsourcing-how-it-supports-you-in-times-like-these/ Mon, 10 Aug 2020 11:34:10 +0000 https://www.novative.com/?p=11903 The pandemic has not only completely turned the lives of many people upside down. HR professionals face various new challenges in all aspects of HR. In addition, many entrepreneurs are not HR experts who can easily be overwhelmed by the almost daily changes in legislation. Payroll Outsourcing can support you especially in these uncertain and…

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]]> The pandemic has not only completely turned the lives of many people upside down. HR professionals face various new challenges in all aspects of HR. In addition, many entrepreneurs are not HR experts who can easily be overwhelmed by the almost daily changes in legislation. Payroll Outsourcing can support you especially in these uncertain and rapidly changing times. Discover payroll outsourcing benefits that can help you emerge from the crisis strong and successful.

 

No Headache Because of New Legislation

payroll_outsourcing_headache

The pandemic has brought many changes in legislation, which can vary greatly from country to country or even region to region. This leads not only to a considerable additional workload for the human resources department, but also to an increased risk of overlooking something and making fatal mistakes.

As a result, the company can face substantial penalties and costs.

 

NOVATIVE Payroll Outsourcing ensures that you act in accordance with all rules and regulations. This ensures that you avoid mistakes and minimize costs. Your employees will feel safe and can trust us to manage their time and subsequent payroll efficiently, compliantly and with confidence. NOVATIVE Payroll Outsourcing can take care of your global and local payroll and assures accurate & trusted payroll outsourcing services.

 

Cost Saving

Payroll Outsourcing

The pandemic has put many companies under pressure: sales figures have fallen rapidly; factories & shops have been closed and employees have been put on short-time work or laid off. Many companies are looking for different ways to minimize  costs in order to survive the pandemic.

 

 

NOVATIVE Payroll Outsourcing can be one of the ways to minimize costs. Recruitment, training, benefits, vacation replacement, etc, are only a few costs to consider. With NOVATIVE you do not have these costs. Time is money, and this is what we give back to your company. You concentrate on the revenue generating activities of your business while we take care of the rest.

 

Optimized Personnel Work

payroll_outsourcing_optimisation

The pandemic has shown many companies how important it is to have HR experts for all areas of personnel work. However, if one HR expert has to take care of all areas of expertise, this can prove difficult in the current crisis – where each area requires special attention and more time. This is why it is so important to have many different HR experts on hand.

 

NOVATIVE Payroll Outsourcing can support you here. It helps you to remove the already time-consuming payroll from your to-do list, allowing you to focus on other HR issues within the company. This means that your HR department can concentrate on fewer tasks, thus increasing the quality of their work. This will not only give your employees a feeling of security, but also your company.

 

 

Less Paperwork

payroll_outsourcing_paperworkPaperwork for payroll and social insurance management has always been a very time-consuming and costly task, only made more complicated by the pandemic: Short-time work, reduction of overtime, new laws in one region and again repeal of laws in another. All this can quickly lead to chaos and then ultimately to preventable mistakes.

 

 

NOVATIVE Payroll Outsourcing reduces the operational burden of your payroll for you and ensures that it runs smoothly. So, you can concentrate on the well-being of your employees and other important HR issues.

 

👉 If you are thinking about outsourcing your payroll or you have any further questions, please contact us. We are happy to find the right solution for you, whether it is software, outsourcing or both.

👉Would you like to learn more about payroll outsourcing? Then read our article ‘Payroll Outsourcing – Myth Buster‘.

 

 

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]]> Advent Calendar Window 15: The Power of Outsourcing Your HR & Payroll https://www.novative.com/en/the-power-of-outsourcing-your-hr-payroll/ Sat, 15 Dec 2018 13:00:42 +0000 https://www.novative.com/?p=4111 The Key Benefits to HR and Payroll Outsourcing Having a competent human resources advisor is essential to all companies. The question that most companies face is whether or not to manage HR processes in-house, or if outsourcing these processes would be more efficient. In this article, we look at the benefits of outsourcing your HR…

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]]> The Key Benefits to HR and Payroll Outsourcing

Having a competent human resources advisor is essential to all companies. The question that most companies face is whether or not to manage HR processes in-house, or if outsourcing these processes would be more efficient.

In this article, we look at the benefits of outsourcing your HR & Payroll.

 

outsourcing he

 

Benefits of Outsourcing HR and Payroll

  • Skills and Knowledge – You are guaranteed to receive an HR expert that has had the most up-to-date training and will provide you with the specific and specialist expertise you need for the best HR for your company.
  • Ensure Compliance – It can be a struggle to keep up with new legislation. When you choose to outsource your HR and Payroll, it ensures full compliance at all times. There will be no need to have any stress or concern about meeting legislative rules.
  • Efficiency – Your HR and Payroll will be the most efficient has ever been. Leaving you and your team to focus on the most important thing – your company.
  • Cost-Effective – It can be more cost-effective to outsource HR and Payroll, rather than employing an in-house HR advisor. The cost of poor people management can be substantial, and not being compliant with legislation can result in expensive repercussions.
  • Saving Management Time
 – Having a company to go to for advice and action will save your management team a lot of time. It will also give them more confidence in managing their team, knowing they have experts to turn to with any questions or queries.

 

It is clear that companies will benefit from outsourcing their HR and Payroll processes.

 

Why Choose NOVATIVE?

NOVATIVE are an expert HR and Payroll outsourcing and software company based in Switzerland. Guaranteeing you Swiss quality in all that we do. We have been working with long-standing clients globally for over 25 years. Together with our innovative HR software NOVA Smart, we will tailor our service to meet your companies needs for HR and Payroll. Using NOVATIBE means that you do not lose control over YOUR data. By using NOVA Smart, you will still have access to everything you need, while the NOVATIVE experts use their skills to ensure your companies HR and Payroll is fast, efficient and compliant. Join 100’s of forward-thinking companies using our service.

 

Learn more

 

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]]> Advent Calendar Window 9: Keep Your Business ahead of the HR evolution https://www.novative.com/en/keep-your-business-ahead-of-the-hr-evolution/ Sun, 09 Dec 2018 13:00:41 +0000 https://www.novative.com/?p=3816 Keep Your Business ahead of the HR evolution   HR has evolved in the last 30 years, HR started with a pure focus on personnel operations, automating transactions, and maintaining a sound employee system of record. Now it incorporates a whole host of employee business processes including talent management, time and attendance, employee’s wellbeing. The…

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]]> Keep Your Business ahead of the HR evolution

 

HR has evolved in the last 30 years, HR started with a pure focus on personnel operations, automating transactions, and maintaining a sound employee system of record. Now it incorporates a whole host of employee business processes including talent management, time and attendance, employee’s wellbeing. The pressures on HR do not seem to be stopping soon. With ever-changing legislation and significant repercussions in not being compliant, many businesses feel the weight of this pressure and may feel they cannot keep up. Outsourcing your HR and Payroll with NOVATIVE can be very beneficial to companies.

 

Cost Effective

The costs of having an in-house HR department are high, with wages, extra office space, equipment and regular training to keep compliant to add to the budget. Outsourcing your HR with NOVATIVE will reduce these costs, your company will be given a dedicated member of our expert team to manage your HR so you will not be bounced around from person to person.

Payroll and Admin

Outsourcing your payroll with have the same benefits as HR considering wages, office space etc. NOVATIVE will be responsible for all aspects of payroll including payslips, benefits, pensions, staying compliant and up-to-date with new legislation. You will be given a dedicated member of the NOVATIVE expert payroll team, who will be on-hand to advise on any questions you may have.

Global Talent

One of the most significant benefits of outsourcing is expanding your perspectives. If you have offices in more than one country, our multi-lingual team will keep your process compliant wherever you are based.

Keeping Compliant

Employment laws change regularly, and it can be difficult for you to remain up-to-date on regulations that affect your workplace. At NOVATIVE our HR professionals are trained constantly and will ensure your business stays compliant, as the repercussions can be costly.

Efficiency

Maintaining an efficient and productive workplace is critical. Outsourcing HR functions create greater efficiency within human resources systems. NOVATIVE’s advanced human resources technology NOVA Smart helps streamline essential HR functions. Outsourcing your HR to NOVATIVE will enable you and your managers to spend less time on paperwork and more time dedicated to improving the efficiency and effectiveness of your workforce.

Reduce Employment-Related Expenses

While there are many enterprise cost-cutting areas to consider, labour costs account for one of the most substantial operating expenses in a business. Beyond payroll and tax overhead, other expenses are related to recruiting fees, payroll processing, and legal costs.

Keep ahead of the HR evolution, outsourcing your HR is a great option to save money and keep compliant, leaving you to concentrate developing your business.

 

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