What is in-house payroll?

Payroll, which refers to the wages that are spread out across a business and consist of all full time, part time and freelance staff, can be operated in two ways.

A business can decide to either run the payroll itself or get a third party service provider to do it for them. As it as highly time consuming activity, both figuring out the maths and staying up to date with the latest legislature, many companies decide to hire a third party to look after this aspect of their business.

Having payroll operations handled by somebody within the company itself instead would be referred to keeping it "in-house". Usually in-house payroll would be ran either manually or with the help of software which would aim to ease calculations and keep figures up to date. This is particularly useful for people whose natural niche is not payroll..

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