In-sourcing and Out-sourcing

[scovens]

Is the payroll function best performed within a company, or is outsourcing a better approach to payroll processing?

[factor-fiction]

It depends. Outsourcing will mean someone will make a profit out of you so there is a cost, and you will need to monitor service levels and ensure they deliver. On the plus side it may save internal admin issues and avoid incurring high IT costs of maintaining/developing new payroll systems. There are lots more factors and different companies have different experiences.