Related Literature

Review of Related Literature and Studies

For companies willing to change their traditional methods of managing the payroll, the cost savings and increased efficiencies can be enormous. We’ve seen companies achieve substantial cost savings and increase employee satisfaction just by focusing on what is all too often overlooked as an insignificant cost of doing business. To focus awareness on the payroll process and its importance in the economy. National Payroll Week helps employees learn about their paychecks and tells them how to put the most money in their pockets each payday, by using pretax payroll deductions and employer-provided benefit programs. With rising costs, many companies find that managing payroll tax compliance internally has become too complicated and costly. Direct costs include operation of the payroll tax reporting function, while indirect costs include administrative personnel connected with a company’s structure. For these companies, outsourcing payroll may prove the most efficient solution. For certain clients, Ensemble literally becomes the Employer of Record. We don’t just cut the checks for the employees, we free companies by taking on all tax liabilities, employer risk and administration tasks, as well as insurance and workers comp. This is a particular advantage to companies that need to have a flexible workforce. What differentiates us is that we have the size and the financial stability to take on large numbers of employees, In addition, the company has a suite of technology services that helps clients understand all aspects of their workforce. We are an enterprise solution provider and can help clients understand how much they’re spending, where they’re spending it, and where their savings can be, which in most cases is very dramatic. While outsourcing can provide cost savings, keeping payroll in house can also be cost-effective and provide a level of control that is appealing to many companies. When it comes to in-house versus...