Small businesses need flexibility
In the teeth of a recession, small businesses have particular problems
. Sole traders will either sink or swim and if the business goes down then only the owner loses a livelihood. But small businesses employing staff have to consider the effect of reduced volume of trade on their ability to pay their employees and remain viable. In small companies the management of human resources is less efficient in terms of numbers than it is in larger ones. Also, making employees redundant from a small workforce can have a huge impact on resourcing and the time and effort expended on this gives you less time to concentrate on core business and trying to keep your company profitable.If you are looking for efficiencies both in terms of time and costs, you could consider outsourcing payroll services to an agency. Most small companies struggle to afford directly employed payroll staff and often have no human resources function to feed into this. Outsourcing to a payroll company transfers the burden of responsibility and provides expertise and support whenever it is needed. Where a company is at the threshold of expansion, savings could be made by outsourcing that will allow the business to move ahead and at the same time build in flexibility so that if a recession hits or a significant client unexpectedly moves business elsewhere, changes can be made with minimal disruption and at minimal cost to the business.
Moorepay are specialists in small business payroll, providing flexible and individual solutions to clients across the UK. We are a BACS accredited bureau that can offer a range of small business payroll solutions including basic managed payroll and online software which has been developed specifically for companies with up to 25 employees. If you are concerned about affordability, fear not - we are happy to provide a free payroll services quotation without obligation.
Small businesses need flexibility
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