Romanian Payroll Software

Return on Investment Calculation

When comparing the costs associated with the acquisition, design, implementation and ongoing maintenance of a payroll application, there are some major differences between the costs of an in-house and an outsourced solution.

The following is a checklist of the costs to consider for an in-house payroll processing:

Payroll Software License fees
Annual maintenance fee
Major software upgrades, not included in maintenance fee
Customization
IT infrastructure (PC, printer, copy machine, etc)
IT support and consulting
No of hours your employees are devoting to payroll-related activities
No of employees in charge with payroll - related activities
Total Salary costs (gross + company taxes)
Bonuses (meal tickets, transportation)
Training /investment in people
Rent
Utilities
Stationery (paper, toner, envelopes, etc)
Phone bills
Furniture (desk, chair, etc)
Penalties and fines due to legal errors
Medical leaves
Time spent and transportation cost occurred in the Relationship with Authorities (ITM, Unemployment Agency, etc.)
Lack of data confidentiality
Investment in time and effort to help & train new hires to understand your payroll system
TOTAL

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