Cons of working in Third Party Payroll System

So, here we are discussing all the cons of working in Third Part Payroll system. As you may have already visited my previous post of What is Third Party Payroll System? What are the Pros and Cons of working in Third Party Payroll, now lets check the cons of working in Third Party payroll system in detail:

  1. Low Salary

You’ll get low salary as compare to the market standards for the same job posts. The reason being, some part of your salary will be taken by the your third party payroll company. So, don’t cry for not getting the actual price value of your work.

Crying man over salary

 

2. Not getting Salary on time

Since you will be working on client site, you’ll never know what’s the delay in getting salary when you are already out of budget for the month. Most of time, you won’t get your monthly income on time. So, hell no to the groceries..

 

Not getting salary on time

 

3. Rewards are delayed

So if you are someone who likes to work hard and a good performer, forget about your incentives. And, when you will go to your HR, they will say something…there is some internal issue in the accounts section. Incentives requires approval from a long chain of people and at the end you won’t get it…because somebody has already disapproved it. Bear the cons of working in third party payroll system.

Delayed Rewards

4. HR is the God

Your only point of contact at client site will be your HR and that would be of no use many times. HR considers himself/herself the God in such scenario and you won’t know who should be your next point of contact if HR misbehaves with you.

HR the God

5. Slow Growth and Zero Job Security

The job growth is very slow for the ones who are working in third party payroll system. You will work hard and still won’t get much. At the end, when you are discussing the appraisal the so called God (HR) will explain you about the budget specified by the client for your process. And yes, there is no job security. Just one error and you will get escalation emails from client, then manager and then HR. The quality demand is always very high as compared to your pay. Your soul will be saying I want more at appraisal time.

want more

So, don’t bear the cons of working in third party payroll system. Just prepare for job interviews given on my website and switch the job 🙂

What is Third Party Payroll System? What are the Pros and Cons of working in Third Party Payroll

Hi Friends, I have many friends who are currently working on third party payroll system and they shared their experiences with me. Most of my friends who are currently working for third party payroll companies shared the consequences they are dealing with now.

 

Third Party Payroll System Issue
Why not to work in Third Party Payroll

 

But, firstly let me take you to the pros of working in third party payroll companies and what is third party payroll system:

What is Third Party Payroll System?

Third party payroll system is basically working for a company and getting the salary from some other company. For example, working for an MNC like TCS while getting paid by a consultancy for the same (P.S. it is different from freelancers work). Also, you are not considered an employee of TCS for this. Most of the time, you will be working at client site. Now let’s see some pros of working in Third party payroll system and the companies up for it.

Pros of Working in Third Party Payroll System

  1. Benefits of Client Company

Since you will be working at client site, so there must be some occasions like festivals when the client company is providing some facilities and goods to its employees. That time, you are also benefited with those goods and services.

2. Learning Opportunities and Challenges

Working on-site, provides ample learning opportunities and challenges. It gives happy experiences to meet new people and work on different kind of tools.

3. Recognition for Good Work

If you do something very good while being on third party payroll system, this can give you a two sided rewards and recognition for it. One from the client side and the other one from the company that is paying you.

 

Recognition

 

Cons of Working in Third Party Payroll System

Phew…I could only found the two pros of working on third party payroll system reviews from my friends but the list of cons is too big..

  1.  Salary is low compared to Market Standards
  2. Not Getting Salary on Time
  3. Rewards are delayed
  4. Small mistakes are considered Big
  5. Confusion about Point of Contact
  6. HR is the only God
  7. Growth is very slow
  8. Difficulty in Job Switch
  9. Get used to words like Vendors
  10. Job Security
  11. False Promises
  12. Working on Internal Tools

Let’s discuss all these cons in my next post.