5) Improved Efficiency
With an in-house payroll operation, complete control is kept over report generation. This allows for pay structures, rates of pay, employee contracts, bonus, or commission plans, etc., to be tailored to the company.
An in-house payroll team can deliver a comprehensive overview of compensation and can help in workforce planning in its reporting. These can be customized precisely to changing business needs.
This benefit ties directly in with the advantage, which is integrative data. Having payroll onsite with integrative features can result in fewer duplicate entries, the ability to automatically report on information, and an overall improvement of data accuracy across the organization.