Question
Your company currently has an in-house payroll processing department with two full time employees that are employed to facilitate the end to end payroll processing
Your company currently has an in-house payroll processing department with two full time employees that are employed to facilitate the end to end payroll processing and related compliance activities. With a focus on processing efficiency and cost reduction, management is interested in outsourcing payroll to an external provider. Your manager has met with the team to discuss the issues highlighted in the above scenario and shared with you the meeting minutes that took place in your offices. You were commissioned to write a professional business report to investigate the issues raised, their impact on the business and suggest recommendations focussing on both efficiency and cost. Based on the Meeting Minutes and the scenario: - Discuss the issues raised in the scenario and meeting minutes within your group - Come up with an approach to investigate these in your company - Conduct a research on possible solutions - Suggest recommendations to your manager Additional information: - 85 employees in your company - 2 current accounting staff in the department ($ 50,000 yearly salary per
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started