What is outsourcing?

Definitions, best practices, challenges and advice By Stephanie Overby CIO | NOV 6, 2017 3:31 PM PT Outsourcing is a business practice in which services or job functions are farmed out to a third party. In information technology, an outsourcing initiative with a technology provider can involve a range of operations, from the entirety of the IT function to discrete, easily defined components, such as disaster recovery, network services, software development or QA testing. Companies may choose to outsource IT services onshore (within their own country), nearshore (to a neighboring country or one in the same time…

The Do’s and Don’ts of Payroll Outsourcing

By Outsourcing Center, Patti Putnicki, Business Writer March 7, 2013 Payroll outsourcing is an excellent way to improve accuracy, streamline processes and offload time-consuming, often tedious tasks to a proven specialist. While the service is designed to simplify life for the client company (and the people in it), without careful planning or adherence to some best practices, the whole thing can get a little complicated. We spoke to some industry experts on both the provider and client side to pinpoint…

Tips on Hiring a Payroll Service Provider – Action Plan

Even with the known benefits of outsourcing payroll such as cost reduction, efficiency and increased productivity, government compliance and reduced liability concerns, savvy service buyers are still actively looking for tips on hiring a payroll service provider; hence, the need for a concrete action plan. Step # 1 Assess payroll system condition. The truth is, not every single business will benefit from outsourcing payroll services. Some, especially those which are operating on a large scale and across multiple countries, might benefit from an in-house payroll system. Small and medium business may be able to full advantage of outsourcing though, with the…