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In 2024, businesses paid $2.8 billion in payroll penalties for incorrect or missed employee payments — errors that help explain why one in three employees has quit a job over payroll problems.
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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."
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