What Factors Should Be Considered in Outsourcing Payroll to a Payroll

question 86

Essay

What factors should be considered in outsourcing payroll to a payroll service bureau? Discuss the advantages and disadvantages of using a payroll service bureau to process a payroll.

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Definitions:

Security Needs

Basic human requirements for safety and security, including physical safety, job security, and health.

Abraham Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from most pressing at the bottom to the need for self-actualization at the top.

Equity Theory

Is concerned with a person’s perceived inputs to a (work) setting and the outcomes received from that setting. The theory suggests that everyone calculates the ratio of inputs to outcomes, similar to considering a return on any investment.

Human Resource Managers

Professionals responsible for overseeing an organization's personnel management, including recruitment, training, benefits, and compliance with labor laws.