In-House Payroll Savings Calculator
Your Payroll. Your Rules.
Big news! Avanti raises $25M in capital. Read more...
Big news! Avanti raises $25M in capital. Read more...
Big news! Avanti raises $25M in capital. Read more...
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
Your Lost Interest Amount:
Payroll Providers Profit
Your average net payroll per pay period
Interest rate you make on your money
Your payroll provider’s interest rate earned on your funds
Extra Hours Incurred:
Extra Charges Incurred:
Accumulated Late Fees:
Percentage of pay runs with at least one correction
Percentage of off-cycle pay runs, terminations & ROEs
Off-cycle base charge per pay run
Per-employee off-cycle charge per run
Hours spent per off-cycle run (phone call, email, paperwork)
Average number of off-cycle re-runs
Custom report setup fee
Custom report run charge
Custom report runs/year
Average late submissions per year
Fee for late submissions
Stop letting your payroll system manage you. It's time to manage your payroll instead. This guide will help you build a strong case for making the move to in-house.