In the last few months, the number of employees at my business has tripled. We have really been growing at a remarkable rate. I always had high hopes for the company, and I did believe it would take off. But the recent growth has exceeded even my own lofty expectations. It is thrilling to undergo such growth, but it does present more challenges for the administration of the company. I am going to have to find payroll services in Bristol going forward, because our old system of keeping track of the payroll is not going to work with the recent influx of new employees.
It used to all be tracked by hand, and the money would be split up accordingly. It did not use many computers or anything like that. I guess the business was a bit antiquated in that regard. However, from the start, it was just a very small business. I only had two employees to begin with, and it was very simple to keep track of. Now, something needs to be implemented to streamline the payroll process, and to make sure that there are not any errors in the amount of pay that is given to the employees.
I am considering hiring an outside company to do this for us. I am not sure if that is the best option. I need to figure out if it will be cheaper to do that, than to hire another employee, just for this specific purpose. There is the benefit that if a third party is contracted to do the payroll, that I would not have to pay for benefits for another employee. I am going to have to weigh the options carefully, and then act according to the best interests of the company, to the best of my ability.