Is outsourcing payroll cost-effective?

Outsourcing payroll can be cost-effective but only in situations where you’re paying someone to handle your payroll more efficiently than you ever could. If you don’t have time to focus on payroll, outsourcing will save you hours of headache every month—and that’s money in your pocket. For example, instead of wasting half a day searching for tax forms and filling out paperwork, an outsourced company will compile everything for you.