Comparative analysis of costs in respect of the two options available for the performance of salary calculation, for a company with 100 employees. The first option involves the existence of company’s own payroll department, and the second the outsourcing of these payroll services to a specialized firm.
A. Payroll Department = in-house Human Resources Department:
Costs estimate: EUR / month 1000.
costs related to the remuneration of specialised staff – average per month: 1 person x EUR 950 = EURO 950 (include net salary of EUR / month 450, fees / employer and employee contributions EUR / month 383, indirect costs – work phone EUR / month 30, meal tickets EUR / month 47, furniture, consumables EUR / month 10, Easter / Christmas presents EUR / year 100, travel expenses EUR / month 15 – and training courses EUR / year 100).
| expenses | monthly (EUR) | annual (EUR) | total / year (EUR) |
| salary | 833 | 9,996 | |
| telephone | 30 | 360 | |
| meal tickets | 47 | 564 | |
| consumables | 10 | 120 | |
| travel expenses | 15 | 180 | |
| Easter / Christmas presents | 100 | 100 | |
| training | 100 | 100 | |
| TOTAL EXPENSES / YEAR | 11,420 | ||
| AVERAGE EXPENSES / MONTH | 952 |
maintenance costs for classic software applications: EUR 50 (including IT Department costs, servers maintenance, legislative update subscription).
B. Payroll Department outsourced to a specialised company – MorganSol:
Costs estimate: EUR / month 600.
Monthly fee EUR / employee 6 (includes: the liability concerning the calculation of salaries in accordance with the laws in force, preparation of salary payroll in maximum 1 day as of communication of the entire necessary information and automated generation of all internal and external reports, determined by common agreement with the client company, IT maintenance costs).
