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Most employees don’t think about how they get paid — as long as the deposit hits their account on time. But behind every paycheck is a series of tasks that include tracking hours across locations, applying the right tax rates and benefit deductions, handling garnishments, and reconciling every line item before payday.
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Given the choice of adding more in-house staff or contracting third-party personnel to complete tasks, more and more organizations find co-sourcing is a better alternative. The Business Dictionary defines co-sourcing as "the combining of services from within and outside a business to achieve the same goal."