Efficiency Improvement – Cost and Time-Efficient Payroll

Risk Reduction – Elimination of the risk of non-compliance with statutory reporting requirements and keeping and dispensing cash wages on site.

Accuracy of Records

Backed by Professional Software – This software is constantly under review and updated in line with statutory obligations. This relieves the onerous burden of compliance with ever-changing legislation.

Peace of Mind – You have peace of mind that your employees are paid on time, every time, and are assured that your monthly and annual returns are submitted correctly.

True Cost of Internal Payroll

The true cost of internal payroll is much higher than most organisations realise. For a typical client with 25 weekly paid wage earners and five salaried staff their cost will include some or all of the following:

• Software – R2,000 to R3,000 to purchase and R2,000 annual licence fee.
• Systems – R5,000 for a computer with a life expectancy of three years.
• Fund Transfer Costs – R5,440 annually for this average size payroll.
• Payslips, Toner and Consumables – R2,500 annually for this size payroll.
• Employee Costs – R5,000 per month for entry level clerical assistance.
• Your Time – R5,000 or more.
• Training Costs – R3,000 annually to keep current with changing legislation.
• Office Space – R12,000 annually for 10m² at R100 per m² per month.

These add up to R60,000 to R90,000 depending on the specific factors applicable to your organisation. Our cost to carry out this work (for this size payroll) would be in the range of R30,000 to R36,000 annually depending on specific services selected.

This reduces the cost of your payroll by one half to two thirds depending on specific factors whilst offering the many other advantages of outsourcing your payroll.