How Much Does It Cost to Outsource Payroll?
October 24, 2024
Payroll is one of your most critical business operations. Not only does accurate, timely payroll processing boost employee satisfaction, but it’s also essential for maintaining compliance. At Tesseon, we understand that as your business grows, managing payroll becomes increasingly complex, especially when dealing with multiple states, changing legislative requirements, and expanding benefits programs.
Our Service Packages
Every business has unique needs, which is why we’ve developed three comprehensive service tiers that grow with your organization. Each package is thoughtfully designed to provide the right level of support at the right time in your business journey.
Essentials Package
Our foundation tier is built for growing businesses that need professional payroll support without unnecessary complexity. The Essentials Package delivers:
- Comprehensive payroll processing with real-time preview
- Tax filing and direct deposits
- Employee and manager self-service portal
- Robust reporting library and lifetime archive
- OSHA, EEOC, and compliance reporting
What makes this package special is its focus on core functionality without sacrificing quality. Your employees get convenient access to their pay information while you maintain complete control over the payroll process. The included self-service HR portal keeps you updated on federal and state law alerts, ensuring you stay compliant as your business grows.
Business Plus Package
Building on the Essentials foundation, Business Plus takes your workforce management to the next level. This comprehensive solution includes:
- Everything in the Essentials Package, plus:
- Retirement account administration
- Customizable approval workflows
- Guided paperless onboarding and offboarding
- Electronic I-9 processing
- Performance review tools
The Business Plus Package shines in its ability to streamline your entire employee management process. Automated workflows reduce administrative burden, while integrated time and attendance management ensures accurate payroll processing. This tier is particularly valuable for businesses ready to scale their operations efficiently while maintaining precise control over their workforce management.
Executive Package
Our Executive Package represents the pinnacle of workforce management solutions. This all-encompassing tier transforms not just your payroll, but your entire human capital management strategy. Key features include:
- Full-service payroll management
- Complete benefits administration with guided enrollment
- Sophisticated applicant tracking
- Workers’ compensation administration
- Learning management system
- Advanced scheduling tools
What sets the Executive Package apart is its comprehensive integration of all workforce management needs. From recruiting to retirement, every aspect of employee management is seamlessly connected. The guided benefits enrollment process simplifies what is typically a complex annual task, while the learning management system helps develop your workforce’s capabilities.
What Influences Your Total Investment?
The cost of payroll outsourcing depends on several key factors that reflect your organization’s unique needs:
Company Characteristics:
- Number of employees
- Multiple work locations
- Geographic distribution
- Industry requirements
Service Requirements:
- Package tier selected
- Additional modules needed
- Integration complexity
- Custom reporting needs
Cost Optimization Strategies
At Tesseon, we’re committed to helping you maximize your payroll investment through smart planning and efficient implementation:
Strategic Package Selection Choose the right package for your current needs while considering room for growth. Our tiered approach means you only pay for the services you need, when you need them.
Digital Transformation Benefits:
- Reduced paper processing costs
- Streamlined approval processes
- Automated workflow efficiencies
- Enhanced data accuracy
- Improved compliance management
Return on Investment
While the initial cost is important, consider these long-term benefits our clients consistently report:
Immediate Benefits:
- Reduced administrative time
- Improved accuracy
- Enhanced compliance
- Better employee experience
Long-term Value:
- Scalable growth support
- Reduced compliance risk
- Improved data insights
- Strategic workforce planning capabilities
At Tesseon, we believe in transparent pricing and customized solutions. Our tiered packages ensure you get exactly what your business needs without paying for unnecessary features. Most of our clients find that outsourcing payroll through our platform is more cost-effective than managing it in-house, especially when considering the comprehensive features and compliance protection included in each package.
Ready to learn more about which Tesseon package best fits your business? Contact our team today for a personalized consultation and detailed pricing based on your specific needs.
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Disclaimer: The information provided on this blog page is for general informational purposes only and should not be considered as legal advice. It is advisable to seek professional legal counsel before taking any action based on the content of this page. We do not guarantee the accuracy or completeness of the information provided, and we will not be liable for any losses or damages arising from its use. Any reliance on the information provided is solely at your own risk. Consult a qualified attorney for personalized legal advice.