If managing your monthly payroll is becoming a time-consuming burden, then an outsourced payroll provider may be just what your business needs.
For most organisations, payroll is the biggest expense and typically comes with the highest compliance risk compared to other areas of the business. It can feel like a daunting responsibility, especially for smaller businesses without a large, dedicated payroll and finance team. Larger firms may even prefer external specialist support to run particular areas of payroll. This could include calculating payments, such as sick and maternity pay, creating payslips and P45s, ensuring legislative compliance, reconciling documents with HMRC and managing all year end processes. Either way, an outsourced payroll provider can alleviate this entire operational function from your business and take care of all the heavy lifting.
Working with Phase 3, you gain access to a team of specialist payroll consultants, knowledgeable in payroll compliance and processes, who are obsessed with staying up to date with the latest legislation updates. We make sure your payroll is accurate, in-line with regulations, and most importantly for your employees – on time.
Phase 3 have been named as Payroll Provider of the Year by CIPP and achieved the Payroll Assurance Scheme accreditation.
On top of that, we hold accreditations for Cyber Essentials, ISO27001 for Information Security and ISO9001 for Quality Management. We're also implementing the Investors in People accreditation and have undertaken SOC1 Type 2 auditing.
At Phase 3, our outsourced payroll services are delivered by CIPP-accredited specialist consultants, experienced in the full end-to-end payroll process. We help hundreds of businesses to varying degrees, either becoming their outsourced payroll department and managing the entire process, or just offering specialist support in a few specific areas. Whichever it is, we’re an outsourced payroll provider who truly works to get under the skin of your organisation by understanding who you are, what you do, and what you need now and in the future.
But that’s enough about us, we want to hear from you. Speak to our specialist outsourced payroll team today about your requirements and learn how Phase 3 can help.
When a company outsources its payroll to an external specialist, it essentially “hands over” payroll responsibilities to a third party. It can be an extremely cost-effective way to manage what can be an overwhelming, yet essential part of running a business.
At Phase 3, we can take on as much or as little of the payroll as you wish. Whether it’s managing monthly processes, filing taxes, or essentially handling the entire department, we’ve got you covered.
The cost of outsourcing your payroll is dependent on the size of your company, along with its requirements.
At Phase 3 we charge an initial onboarding fee. After that, you can expect to pay between £2 and £5 per employee, per month. For a more detailed quote, or for more information on our pricing model, we recommend you speak to a member of our payroll team. We also offer flexible payment options.
The principle of managed and outsourced payroll is the same, and both refer to a company using a third-party provider to handle varying degrees of the payroll.
You may have heard the term “fully managed payroll”, which refers to all aspects of the payroll being handed over in full. In this scenario, the external provider essentially becomes your payroll department.
Whatever your requirements, Phase 3 can help.
With Phase 3’s outsourced payroll services, there is no need for you to change your payroll software, we can work with whatever system you currently use.
If your software no longer meets your business requirements, our independent consultants offer unbiased advice and can help you select a new system from our directory of trusted partners.
Security and privacy is our top priority when it comes to outsourced payroll. Our systems are fully secure and use encryption to ensure any data passed between us and your organisation is safe from the risk of unauthorised access.
Our databases are cloud based and hosted in data centres with the highest level of security. Our processes are governed by ISO9001 and our data Security by ISO27001 as well as Cyber Essentials.
Payroll has become an extremely specialist service, and errors can happen more often than you think. Being such a critical business function, outsourcing your payroll can give you complete peace of mind, save money, and free up time for you to focus on growing your organisation. Other benefits include:
