Processing Payroll Using Shared Services

 

Details

  • Type:
  • Published:
  • July 14, 2015
  • Author:
  • APQC
  • Pages:
  • 8
  • Price:
  • Your Price: $195.00
  • Member: FREE

When deciding whether to retain in-house payroll processing or to send payroll to a third-party service, it helps to consult solid benchmarks. APQC’s Open Standards Benchmarking in payroll examines payroll processing performance variations between shared services center (SSC), headquarter (HQ), and business unit (BU) locations. APQC’s Open Standards Benchmarking also breaks down performance variations between payroll processing’s major three interdependent payroll functions:

  1. report time,
  2. manage pay, and
  3. report payroll taxes.

When evaluating payroll processing as process group or in parts, SSCs have lower costs, use fewer FTEs, and have a higher level of productivity. Organizations making decisions concerning the most effective method to process payroll must consider SSCs as an option.

 

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