Outsourcing VS Inhouse Payroll - Synchrony HR
                     Outsourcing
v
sInHouse 
Payroll
To cut down on costs, many small businesses 
choose to  handle payroll in-house.
But what happens when payroll gets to be too 
much to  handle?
With two options on the table—hiring an in-
house payroll  professional or partnering with a 
payroll outsourcing  firm—you have a crucial 
decision to make.
Here’s what you should know as you weigh the 
decision.
Analyzing In-House 
Setting up an in- Payroll
house  payroll 
department has  a 
few key advantages 
 and disadvantages
for your business.
The outcomes 
depend  on the size 
and structure
of your business, as well 
as  the amount of time 
and effort  you invest in 
the process.
Advantages of In-House 
Payroll
With in-house payroll, you’ll have total control 
0 over the  process. This means that you, or a 
1 member of your team,  will have oversight over 
every procedure and software  tool in use.
In addition, in-house payroll services are often 
0 ideal for  companies that are extremely 
2 concerned with data  security, as they eliminate 
the need to store data with a  third party.
Disadvantages of In-House 
Payroll
Those looking to work with an in-house 
0 professional will  have to prepare for the 
1
expenses that come with hiring,  onboarding, 
and compensating an expert to do the job.
0 A great deal of risks can come to those 
2
entrusting  inexperienced employees to 
manage a robust payroll  process.
0 You may face costly fines or inaccurately 
3 collecting and  recording tax-related information 
and/or not adhering to  employment law.
Analyzing Payroll 
Outsourcing
When you 
outsource  payroll 
to a third party,  it 
can help automate  
your system in 
several  ways. Here 
are the  pros and 
cons to look  for.
Advantages of Payroll 
Outsourcing
With payroll outsourcing, navigating 
0 withholdings,  unemployment, social security, 
1 medicare, tax liens, and  child support 
garnishments that might come up during  the 
payroll process could be handled easily.
Unlike in-house payroll, setting up outsourced 
0 payroll is a  breeze. Payroll services use expert 
2 processes to deliver  paychecks in an accurate 
and timely manner.
Disadvantages of Payroll 
Outsourcing
Some businesses struggle with the lack of 
0 complete  control that comes with outsourcing 
1 payroll, which  means that forwarding this 
function to a third party is  out of the question.
For example, if a problem were to come up, the 
0 business  might not want to wait for their vendor 
2 partner to respond  and would rather circumvent 
the issue on their own.
Contact 
Us!!!
www.synchronyhr.com
(314) 222 - 
5770
[email protected]
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YOU