Improved data security
There’s a fair amount of risk that comes with in house staffing. The door is wide open for identity theft. Employee records can be viewed by those who handle payroll. Employees can tamper with records for personal gain, and there’s also the risk of embezzlement.
Aside from these employee risks, you’ll need to consider the security of your payroll software. While the software itself could be relatively secure, you may house your data on a server or network with security flaws that could leave you open to data theft.
Comparatively, outsourcing your payroll typically means your data is stored on highly-secure servers that use cutting-edge encryption technology, along with redundant data backups.
If you want this same level of security on-site, you’ll need to spend a significant amount of capital to create a secured network.