Most providers give you one or the other. An HR consultancy that outsources the payroll, or a payroll bureau that cannot answer an employment law question. HR Buddy runs both in house: CIPD-qualified HR advisors alongside IPASS-certified payroll specialists, working from the same employee records. When a contract change affects a payslip, nobody has to ring anybody.
One of the key components of HR and payroll outsourcing is the availability of specialised outsourced payroll services. These services encompass a range of functions, from payroll processing and payroll services to managing payroll queries and ensuring net pay accuracy.
Determining employee wages and salaries based on hours worked, fixed salaries, or other agreed-upon compensation structures
Calculating and deducting income tax, Pay-As-You-Earn (PAYE), and other statutory deductions as per Irish tax laws
Ensuring the accurate calculation and deduction of social insurance contributions, including contributions to the Pay Related Social Insurance (PRSI) system
Managing and deducting pension contributions in accordance with employee pension schemes and Irish pension regulations
Handling additional employee benefits such as health insurance, bonuses, and other allowances
Staying up-to-date with Irish payroll legislation and ensuring compliance with statutory requirements, including filing necessary reports to Revenue
Maintaining accurate records of employee earnings, tax deductions, and other payroll-related information for auditing and reporting purposes
Facilitating the actual disbursement of employee salaries through various payment methods, such as direct deposit or physical checks
Preparing and submitting year-end reports and summarising total earnings and deductions for the tax year
Providing clear and transparent communication to employees regarding their pay, deductions, and any relevant changes in payroll policies
The Irish market has specific regulations and compliance requirements related to payroll, including tax laws and social insurance contributions. HR payroll outsourcing reduces the risk of legal and regulatory issues
We have specialised knowledge and expertise in processing payroll accurately. This includes handling tax calculations, deductions, pension contributions and other statutory requirements
Outsourcing payroll functions allows businesses to save time and resources. This is particularly beneficial for small businesses and medium- sized enterprises (SMEs) with limited HR staff
Our outsourcing providers have in-depth knowledge of Irish payroll laws and practices. Your business can benefit without the need to hire and train in-house staff
Outsourcing payroll guarantees the confidentiality and security of sensitive employee information
Professional payroll outsourcing helps minimise errors and discrepancies in payroll processing. This prevents issues such as incorrect salary calculations or tax errors
Payroll outsourcing services can scale with the growth of a business, whether your business is expanding or downsizing
Payroll outsourcing providers are often responsible for generating and submitting statutory reports required by Irish authorities
By outsourcing payroll functions, you can redirect your focus and resources toward core business activities
Many of our clients have found that outsourcing their payroll function was a transformative step for their business. Paying people accurately, on time and complying with legislative requirements is a fundamental part of any business, but involves several time consuming processes.
It not only streamlines processes but also ensures accuracy, compliance and real value for busy business owners.
When considering HR and payroll outsourcing, it’s essential to work closely with a partner who understands the unique needs of your business.
This expertise adds real value by ensuring that the payroll function is not only accurate but also aligned with the financial wellbeing of your organisation.
At HR Buddy, we provide a tailored outsourcing solution to meet your specific needs.
Use the contact form to book a call back and we can discuss how outsourcing payroll can benefit your business.
We also offer a wide range of generalist HR services, including employment contracts and bespoke HR consultancy. Speak to our team today.
Consult a HR expert now
