What is Payroll?
Payroll is the process of paying a company’s employees, which can include the tracking of hours worked, the calculation of employee’s pay, and the distribution of payments via direct deposit directly to their account or by check. However, companies must also perform accounting functions to record payroll, taxes withheld, bonuses, overtime pay, sick time, and holiday pay.
Many medium- and large-size companies contract outside payroll services to streamline the process. Employers keep track of the number of hours each employee worked and relay this information to the payroll service. On payday, the payroll service calculates the gross amount the employee is owed based on the number of hours or weeks worked during the pay period and the pay rate. The service deducts taxes and other withholding’s from earnings and then pays the employees.
What is an EFM Payroller?
Our Payroll Managers are not ‘just payroll person in-house’. They are analytical professionals with strong payroll management experience who automate the payroll process within a business, and understand the HMRC rules & regulations, and are up to date with HMRC updates.
EFM Payroll Managers are flexible, adaptable and work easily in a targeted working environment to meet agreed collections targets. They have good working knowledge of Excel and key accounting software and are keen to improve processes where necessary. Their aim is to free up your time to allow you to focus on what you’re best at – on what’s important in your business and on what really adds value to your bottom line. By outsourcing your payroll to a trusted payroll provider, you and your team can get peace of mind, resulting in a better focus on work, improved productivity and staff loyalty. When you know that your employees are being paid properly – on time, every time and that your compliance responsibilities are being taken care of, you can rest at ease.
Our outsourced payroll service to companies are tailored to quickly and correctly pay your staff members without any interruptions. One of the top advantages of outsourcing payroll is it saves time. When you outsource, your staff will be free from doing payroll related work like calculating pay and deductions and spend their time on more value generating activities.
Take advantage of our Part Time Payroll Management service by requesting this service now.