Managing payroll: In-house vs. outsourcing

Description

Abstract: At a time when many nonprofits are scrutinizing every line item in their budgets, one item in the crosshairs is payroll processing. But the decision regarding whether to bring payroll back in-house should be studied from every angle. Who will manage it? Are there sufficient checks and balances ? What about technological capabilities? Before deciding that a payroll vendor is one of those costs that can be cut, it’s important to remember that they provide expertise and experience that may not necessarily exist in-house.