Advantages

Wage processing and administration is a sensitive issue. It requires a maximum credibility, accuracy and knowledge of legislation. It is important to keep in mind that personal data protection is one of the necessary elements.

The advantages of an external accounting for payroll processing.

  • An external payroll company works more reliably than an internal wage accountant
  • An internal payroll accountant is not easy to replace, but an external company has many accountants who are seamlessly busy
  • The external wage processing company is much cheaper than an internal wage account

 

By way of comparison, we would like to bring you closer to the model example from practice. The table below is a basic comparison of wage processing for a company with 700 employees.

Your company Number Salary
Payroll & Personal department 5  
  1. Payroll accountant
1 1 200 €
  1. Employee for new employment
1 1 200 €
  1. Employee for couching
1 1 200 €
  1. HR employee
1 1 000 €
  1. HR executive manager
1 2 700 €
Salary for an overall personal department 7 300 €

 

Payroll & Personal department within 1 year 1 month 1 year
Gross Sallary for an overall personal department 7300,00 87 600 €
Personal rewards / 50% monthy salary 3650,00 3 650 €
Salary state deductions 3854,40 32 120 €
Other expenses:    
Trainings and other education of employees 800,00 800 €
Licences for payroll program, updates and other expenses 180,00 2 160 €
Employees services 750,00 9 000 €
Other fix costs 1050,00 1 050 €
Lawyer services / 4 times a year 175,00 700 €
Other consultations / 4 times a year 175,00 700 €
     
Price of one employee wage processing (in house) 14,78 88 432 €
HR assistance in outsourcing of the whole HR   3 245 €
Price of one employee wage processing (payroll accounting outsourcing ) 7,50 63 000 €
Difference in costs according to external outsourcing advantages -7,28 € -22 187,20 €

 * In the case of internal processing of wages, the costs of employees responsible for staff selection, training and staff development are deducted