Have you ever looked at the true cost of outsourcing your Payroll in Canada?
You might be shocked by the amount of time and money you’re handing over to your provider for work you’re already doing yourself. If you’re currently outsourcing your payroll, you probably aren’t aware of the value in-house payroll processing can bring to your organization. Going in-house gives you more control, saves you money on lost interest and cashflow, and gives you breathing room. Wouldn’t it be nice to have a few extra days to complete your payroll remittance each cycle?
For a closer look at what your outsourced payroll is costing you, try out our helpful In-House Payroll Savings Calculator.
We’ve based our numbers on averages we see in the industry, but everyone has different situations and costs. Enter your own values to get more personalized results.
Days you get back to ensure an even more accurate pay
Number of days in advance of payday you submit payroll to your provider
Number of days in advance of payday you submit payroll funds to your provider
Number of pay periods in your calendar year
Average Net Payroll per pay period
Your Lost Interest Amount:
Payroll Providers Profit
Extra Hours Incurred:
Extra Charges Incurred:
Accumulated Late Fees: